Koss Corporation Kicks Off FY 2026 With Strong Sales, Profits, and Executive Promotion
Koss Corporation has reported a strong start to its fiscal year 2026. The company's gross margins have improved significantly, and it has seen a notable increase in sales and profits.
The first quarter, ended September 30, 2025, saw Koss' gross margins rise by 340 basis points to 40.0%. This is a substantial improvement from the 36.6% recorded in the same period last year. The company's net income also showed a significant turnaround. It reported a net income of $243,729, compared to a net loss of $419,535 in the first quarter of the prior fiscal year. This positive result was driven by a 27.1% increase in net sales, which totalled $4,070,778 for the quarter. The growth was largely due to a considerable sale to the Education market and a 22.5% increase in direct-to-consumer sales.
The company also recognised the contributions of one of its executives. Michael J. Koss, Jr. was promoted to Executive Vice President for his significant role in new product creation, DTC segment growth, and leadership in patent enforcement. However, it's important to note that this promotion was not effective in September 2025, as no such information is available.
Koss Corporation's first quarter results demonstrate a positive trend. The company's improved gross margins, increased sales, and net income are encouraging signs. The recognition of Michael J. Koss, Jr.'s contributions further underscores the company's commitment to growth and innovation.
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