Koss Incurs Loss in Q1 Due to Freight Costs, Stock Down 4%

Koss Corporation reported a loss of 2 cents per share for Q1 fiscal 2027, compared to earnings of 3 cents per share a year earlier. Net sales declined 24% to $3.1 million from $4.1 million, primarily due to the absence of a significant education customer order from the prior year. The company faced headwinds from lower sales volumes, increased freight costs, and weaker overhead absorption, though direct-to-consumer sales remained a bright spot at 37% of revenue.