Koss Corporation — First Quarter 2027 Earnings Summary

Koss Corporation reported net sales of $3,094,078 for the first quarter ended September 30, 2026, representing a 24.0% decline from the same period in the prior year. The company recorded a net loss of $234,168 for the quarter, a shift from the net income of $243,729 achieved in the previous year. Gross margin decreased to 39.5% due to lower sales volume and higher freight rates, which offset benefits from a favorable customer mix and a $76,000 tariff refund. Direct-to-consumer sales now account for approximately 37% of total turnover, while domestic distributor sales remained strong despite the absence of a significant custom order that occurred in the prior year.