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Stock impact report

Koss Corp. Fourth Quarter Net Sales Up 16%

Koss Corporation (KOSS) 
Company Research Source: GlobeNewswire
MILWAUKEE, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ SYMBOL: KOSS), the U.S. based high-fidelity headphone company, has reported its fourth quarter results for the quarter and year ended June 30, 2018. Sales for the fourth quarter were $7,238,260, which is a 15.9% increase from sales of $6,243,863 for the same three month period one year ago. The three month net income was $347,029, compared to a net loss of $70,377 for the fourth quarter last year. Diluted and basic income per common share for the quarter was $0.05 compared to diluted and basic loss per common share of $0.01 for the three month period one year ago. "New products drove a significant increase in sales to distributors in Europe," Michael J. Koss, Chairman and CEO, said today. "This sharp improvement in the European market, combined with increased sales to mass retail in the domestic market, drove net sales for the quarter ended June 30, 2018, the highest they have been in any single quarter since th Show less Read more
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