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Stock impact report

Koss Corp. Releases Third Quarter Results

Koss Corporation (KOSS) 
Company Research Source: GlobeNewswire
MILWAUKEE, May 10, 2018 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ:KOSS), the U.S. based high-fidelity headphone company, has reported its third quarter results for the quarter ended March 31, 2018.  Sales for the third quarter were $4,326,674, which is a 9.37% decrease from sales of $4,773,915 for the same three month period one year ago.  The three month net loss was $812,868, compared to a net loss of $1,117,582 for the third quarter last year.  Diluted and basic loss per common share for the quarter was $0.11 compared to $0.15 for the three month period one year ago.  "Sales were soft in the third quarter as distributors in Europe significantly reduced their orders compared to the same period last year," Michael J. Koss Chairman and CEO said today.  "The decline in export sales was partially offset by stronger sales in the domestic market, driven by increased sales to mass retail. Despite these challenges, controlled spending allowed us to reduce the net loss compared to the Show less Read more
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