Earnings Releases·Oct 29, 2026, 5:20 PM ET

Koss Corporation — First Quarter 2027 Earnings Summary

Net sales declined 24.0% year-over-year to $3,094,078, driven by the non-recurring shipment of a significant custom education order in the prior year period.
The Company reported a net loss of $234,168 ($0.02 per share) compared to a net income of $243,729 ($0.03 per share) in the prior year, with gross margin contracting 50 basis points to 39.5% due to lower sales volume absorption and higher freight rates.
Direct-to-consumer sales growth continues, now accounting for approximately 37% of total turnover, while domestic distributor sales showed strength and European distributor sales remained on par with the prior year.
Management noted a final tariff refund of $76,000 and expressed confidence that current positive trends in domestic distribution and DTC channels will help build momentum for the remainder of the fiscal year.