Headphone maker Koss' Q1 net sales rise as DTC business grows

Reuters10-31

Headphone maker Koss' Q1 net sales rise as DTC business grows

Overview

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/Miss	Actual	Consensus Estimate
Q1 EPS		$0.03

Press Release: ID:nGNXQ71GP

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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