Overview

* Koss ( KOSS ) fiscal Q1 net sales rise 27.1% yr/yr, driven by DTC and education market

* Company reports fiscal Q1 net income of $243,729, reversing prior yr net loss

* Gross margins improve by 340 basis points due to higher margin DTC sales

Outlook

* Company did not provide specific financial guidance for future periods in press release

Result Drivers

* EDUCATION MARKET - Significant sales to largest education customer contributed to Q1 sales growth

* DTC SALES - 22.5% growth in DTC sales driven by new product launches and new colorways

* GROSS MARGIN IMPROVEMENT - Gross margins improved by 340 basis points due to higher margin DTC sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 EPS $0.03

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)