Summary by Moomoo AI
Koss Corporation reported Q2 FY2025 net sales of $3.56 million, up 5.9% YoY, driven by strong European distribution and custom headphone orders. The company posted a net income of $94,142, compared to a loss of $269,153 in Q2 FY2024. Gross profit margin improved significantly to 39.5% from 33.0% YoY, benefiting from higher-margin sales mix and stabilized freight costs.Export sales doubled to $1.38 million, primarily due to successful new product launches in Europe, while domestic sales declined 18.2% to $2.18 million. Selling, general and administrative expenses decreased slightly to $1.55 million, with reduced deferred compensation liability largely offset by increased legal and advertising expenses.The company maintained a strong financial position with $2.54 million in cash and $7.16 million in short-term investments. Management continues to monitor supply chain challenges, inflationary pressures, and geopolitical risks while focusing on intellectual property enforcement and new product development. The company renewed its $5 million credit facility through October 2026.
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