High-fidelity headphone maker Koss Q2 net sales fall, swings to net loss

Reuters01-30

High-fidelity headphone maker Koss <a href="https://laohu8.com/S/QTWO">Q2</a> net sales fall, swings to net loss

Overview

High-fidelity headphone maker's Q2 net sales fell 19.6% yr/yr
Company posted Q2 net loss compared to net income last year
Gross margins fell due to high tariffs on Chinese products

Outlook

Company did not provide specific future guidance in its press release

Result Drivers

EDUCATION MARKET - Strong sales gains in the education market compared to the prior year, according to CEO Michael J. Koss
DTC GROWTH - Direct-to-consumer sales grew 13% year-over-year, now comprising 25% of total sales
TARIFF IMPACT - Gross margins fell due to high tariffs on Chinese imports, partially offset by favorable customer mix

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 EPS		-$0.06

Press Release: ID:nGNX2ffxMn

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