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Stock impact report

Koss Corp. Releases First Quarter Results

Koss Corporation (KOSS) 
Company Research Source: GlobeNewswire
MILWAUKEE, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ SYMBOL: KOSS), the U.S. based high-fidelity headphone company, has reported its first quarter results for the quarter ended September 30, 2018. Sales for the first quarter were $5,784,839, which is a 4.9% decrease from sales of $6,084,055 for the same three month period one year ago.  The three month net income was $67,411, compared to net income of $21,969 for the first quarter last year.  Diluted and basic income per common share for the quarter was $0.01 compared to diluted and basic loss per common share of $0.00 for the three month period one year ago. "New wireless bluetooth products continued to drive an increase in sales to distributors in Europe," Michael J. Koss, Chairman and CEO, said today.  "However, the improvement in the European market was not enough to overcome a decline in sales to domestic mass retail compared to the same period last year. In part, the decline in sales to mass retail was cause Show less Read more
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