Koss Corporation Sees Growth in European Markets

Koss Corporation ( (KOSS) ) has released its Q2 earnings. Here is a breakdown of the information Koss Corporation presented to its investors.

Koss Corporation, a recognized leader in the audio industry, specializes in the design and manufacture of high-fidelity headphones and related accessories, including wireless and noise-canceling devices. In its latest quarterly earnings report, Koss Corporation highlighted a mixed performance with an increase in international sales and improved gross margins, but noted challenges in the domestic market and ongoing legal matters. The company reported net sales of $3.56 million for the three months ended December 31, 2024, a 5.9% increase from the previous year, largely driven by strong sales in European markets. Gross profit margins improved due to favorable customer mix and reduced freight costs, although domestic sales faced declines, particularly in the education segment. Despite a net loss for the six-month period, the company maintains a strong financial position with significant cash reserves and no outstanding borrowings. Looking ahead, Koss Corporation remains cautious of macroeconomic challenges and geopolitical tensions, which could impact future operations and financial performance.