Koss Corporation Releases First Quarter Results
1. Koss reported a 5.1% drop in net sales year-over-year. 2. The company's net loss increased to $419,535 from $257,609. 3. Sales to domestic distributors declined, impacting revenue from Education and Music sectors. 4. DTC sales increased due to strong performance on Amazon and new product launch. 5. Gross margins improved to 36.6%, benefiting from direct sales of high-margin products.