secwatch.observer — SEC 8-K summary
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Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000056701-24-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koss Q1 net loss widens to $0.05/share; sales down 5.1% to $3.2M
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- Net loss of $419,535 ($0.05 diluted EPS) vs $257,609 loss ($0.03) in prior year.
- Net sales declined 5.1% to $3.2M from $3.37M; domestic and education/music sales down.
- Gross margin improved to 36.6% from 31.6% on favorable mix, higher DTC and new product sales.
- European distributor sales up >30% driven by Porta Pro Wireless 2.0 launch; DTC sales also rose.
- Company recorded inventory write-off and expects freight rate increases to continue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670124000041/0000056701-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670124000041/koss-20241031x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-24-000041

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