Koss Corporation filings document operating results and financial-condition updates for the company's high-fidelity headphone business. Recent Form 8-K reports furnish Item 2.02 earnings releases covering quarterly and annual results, including net sales, net income or loss, earnings per share, and gross margin commentary.
The filings describe channel and market factors affecting KOSS, including direct-to-consumer sales, domestic and export distributors, education-market orders, original equipment manufacturer customers, e-tailers, and regional demand in Europe and Asia. They also record management discussion of product mix, inventory write-offs, freight costs, tariffs on goods sourced from China, and supply-chain lead times.
Koss Corporation reported net sales of $3,094,078 for the three months ended September 30, 2026, down 24.0% from $4,070,778 a year earlier. It recorded a net loss of $234,168, compared with net income of $243,729. Gross profit margin was 39.5%, compared with 40.0% in the prior-year quarter.
Operating activities used $524,275 of cash, compared with $762,617 provided a year earlier. Cash and cash equivalents were $2,014,772, and available-for-sale U.S. Treasury securities had a fair value of $16,707,708 at September 30, 2026. Koss attributed the sales decline primarily to a considerable Education-segment sale tied to a new product introduction in the prior-year quarter that did not recur. The company said higher freight rates and tariff uncertainty affected costs and sales volumes, and expected shipment costs to be consistent or increase in the coming quarter. Its $5,000,000 revolving secured credit facility had no outstanding borrowings at September 30, 2026; an amendment effective October 30, 2026 extended maturity to October 31, 2028.
KOSS reported net sales of $3,094,078 for the first quarter of fiscal 2027, down $976,700, or 24.0%, from $4,070,778 a year earlier. It recorded a net loss of $234,168, compared with net income of $243,729, and basic and diluted net loss per common share of $0.02, versus income of $0.03. Loss from operations was $400,595, compared with $46,040; total other income, net was $168,661, compared with $292,529.
Management said a significant custom order for an Education customer's new product launch shipped in the prior-year quarter did not recur. European distributor sales were on par with the prior-year period, while direct-to-consumer (DTC) sales represented approximately 37% of total turnover and continued to positively impact sales growth. Gross margin declined 50 basis points to 39.5% from 40.0%. Favorable customer mix and a final $76,000 refund of previously paid import duties on product from China were offset by fixed manufacturing overhead absorption on a lower sales base and higher freight rates, including general rate increases and peak season surcharges.
Koss Corporation reported results of its October 14, 2026 annual meeting, where stockholders elected Thomas L. Doerr, Michael J. Koss, William J. Sweasy, Lenore E. Lillie and Michael J. Koss, Jr. as directors. Votes for the nominees included 4,918,959 for Thomas L. Doerr, 4,903,877 for Michael J. Koss, 4,935,060 for William J. Sweasy, 4,785,174 for Lenore E. Lillie and 4,877,736 for Michael J. Koss, Jr. Stockholders approved, on a non-binding advisory basis, compensation paid to the named executive officers, with 4,914,071 votes for, 79,595 against and 7,927 abstentions. They ratified Wipfli LLP as the independent registered public accounting firm, with 6,776,184 votes for, 24,084 against and 12,550 abstentions.
Koss Corporation (KOSS) is holding its 2026 annual stockholders meeting on October 14, 2026 at 8:00 a.m. Central Time as a virtual-only meeting via www.virtualshareholdermeeting.com/KOSS2026. Stockholders of record on August 24, 2026, holding 9,466,438 outstanding common shares in total, may vote.
Stockholders will vote on: (1) electing five directors for one-year terms, all current incumbents; (2) a non-binding advisory vote on compensation of named executive officers; and (3) ratification of WIPFLI, LLP as independent registered public accounting firm for the year ending June 30, 2027. The board recommends a “FOR” vote on all proposals.
The filing details a board led by combined Chairman and CEO Michael J. Koss with a lead independent director and three key committees (Audit, Compensation, Nominating) composed of independent directors. The Koss family and directors collectively beneficially own about 44.06% of common stock, including a voting trust holding 2,696,634 shares. Executive pay for fiscal 2026 includes salary, limited cash incentives, and equity awards under the 2023 Equity Incentive Plan, which authorizes 2,000,000 shares and had 200,000 options granted in 2026. The proxy also reports a fiscal 2026 net loss of $391,464 and audit fees to WIPFLI of $200,522.
KOSS CORP (KOSS) designs and sells stereo headphones and related accessories as a single operating segment, and in 2026 began a “diversification by acquisition” strategy aimed at adding cash‑generative businesses to reshape its financial profile over the next one to five years.
For the year ended June 30, 2026, net sales were $13.0 million, up 3.1% from 2025. Domestic sales rose 21.2% while export sales fell 41.2%. Gross margin was 41.9%, boosted by $753,000 of U.S. tariff refunds; excluding refunds, margin was 36.1%. The company reported a loss before tax of $0.38 million, narrower than 2025. Liquidity remained strong with $3.0 million in cash and $16.8 million in U.S. Treasuries, and a $5.0 million undrawn credit facility. Key risks include heavy reliance on contract manufacturing in China, tariff and trade-policy volatility, customer concentration (Amazon DTC about 22% of 2026 sales), significant stock ownership by the Koss family, and pronounced stock-price and volume volatility.
Koss Corporation (KOSS) reported improved fourth quarter and full-year results for the periods ended June 30, 2026. Fourth quarter net sales were $3.26 million, up 5.8% from $3.08 million a year earlier, with net income of $476,801 versus a net loss of $232,696, and earnings of $0.05 per share versus a loss of $0.02.
Growth in the quarter was driven by direct-to-consumer sales, which increased 36.2% year over year, including a 45.6% increase in Koss.com sales, and roughly 12% growth to certain domestic distributors, while European markets declined as distributors reduced inventory.
For fiscal 2026, net sales were $13.0 million, up 3.1% from $12.6 million, primarily from a custom headphones sale to an Education customer and stronger DTC and domestic distributor sales. The company’s net loss narrowed to $391,464 from $874,831, with loss per share improving to $0.04 from $0.09. Tariff refunds of $1.0 million and a more favorable sales mix lifted gross margin from 37.8% to 41.9%. Koss highlighted a “diversification by acquisition” strategy aimed at building additional recurring revenue streams over the next five years.
Koss Corp Chief Financial Officer Kim M. Schulte reported a compensation-related award of stock options. She received 50,000 stock options to buy Koss common stock at an exercise price of $4.30 per share, expiring on May 6, 2036. These options vest in five equal annual installments beginning on May 6, 2027, meaning the award becomes exercisable gradually over five years. Following this grant, she holds 50,000 stock options directly.
KOSS CORP Executive Vice President Michael J. Koss Jr. received a grant of stock options covering 100,000 shares of common stock at an exercise price of $4.73 per share. These options vest in four equal annual installments beginning on May 6, 2027, and expire on May 6, 2031.
After this filing, he holds 26,000 shares of Koss common stock directly and 12 shares indirectly through an ESOP, alongside the newly granted options. The grant is compensation-related and does not reflect an open-market purchase or sale.
Koss Corporation reported modest sales growth but wider losses for the quarter ended March 31, 2026. Net sales for the quarter inched up to $2.8 million, with stronger U.S. demand and direct-to-consumer sales offset by sharply lower export revenue. For the nine months, sales reached $9.8 million, helped by education and distribution orders.
Gross margin fell to 35.5% from 39.0% as tariffs and earlier high freight costs pressured profitability, leading to a nine‑month net loss of $868,265. Koss reclassified about $17.0 million of U.S. Treasury securities to available-for-sale to support a diversification-by-acquisition strategy. The company ended the period with $1.9 million in cash, $17.0 million in liquid investments, no borrowings on a $5 million credit facility, and significant tax loss carryforwards.