Earnings ·
Koss reports $3.09M Q1 sales and a $234k net loss as revenue falls 24%
KOSSKoss Corp
Koss Corporation reported first-quarter results for the period ended September 30, 2026, with net sales declining 24% to $3,094,078 from $4,070,778 in the prior year. The company posted a net loss of $234,168, or $0.02 per share, compared to a net income of $243,729, or $0.03 per share, previously. Gross margin contracted by 50 basis points to 39.5%, negatively impacted by lower sales volume and higher freight costs that offset favorable customer mix and tariff refunds. Direct-to-consumer sales now account for approximately 37% of total turnover. Koss Corporation markets high-fidelity headphones, wireless speakers, and computer headsets.