Reported Earnings • May 11
Third quarter 2026 earnings released: US$0.058 loss per share (vs US$0.034 loss in 3Q 2025) Third quarter 2026 results: US$0.058 loss per share (further deteriorated from US$0.034 loss in 3Q 2025). Revenue: US$2.82m (up 1.6% from 3Q 2025). Net loss: US$546.6k (loss widened 73% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Mar 17
Koss Corporation Appoints Megan Brobson as Director of Acquisitions and Corporate Development Koss Corporation has announced the addition of Megan Brobson as Director of Acquisitions and Corporate Development. Ms. Brobson brings with her over a decade of experience in private equity and client finance roles, most recently at a lower middle market private equity firm. There she played an active role across the firm’s investment lifecycle activities including cultivating relationships with business owners and intermediaries, identifying and executing new investment opportunities, and working alongside management teams to develop and execute value creation strategies. She will remain an active member of the community with her board positions with Midwest Business Brokers and Intermediaries (MBBI), Marquette University Business Alumni Association and United Way of Greater Milwaukee & Waukesha County Investment Committee. Reported Earnings • Jan 30
Second quarter 2026 earnings released: US$0.06 loss per share (vs US$0.01 profit in 2Q 2025) Second quarter 2026 results: US$0.06 loss per share (down from US$0.01 profit in 2Q 2025). Revenue: US$2.86m (down 20% from 2Q 2025). Net loss: US$565.4k (down US$659.5k from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 02
First quarter 2026 earnings released: EPS: US$0.026 (vs US$0.045 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.026 (up from US$0.045 loss in 1Q 2025). Revenue: US$4.07m (up 27% from 1Q 2025). Net income: US$243.7k (up US$663.3k from 1Q 2025). Profit margin: 6.0% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
Koss Corporation Appoints Michael J. Koss, Jr. to Executive Vice President Koss Corporation announced the promotion of Michael J. Koss, Jr. to Executive Vice President, in recognition of his significant contributions to the creation of new products, the growth of the Company’s direct to consumer segment, and his leadership in the enforcement actions related to the firm’s patented intellectual property. Mr. Koss will continue in his current role in Marketing and Product and add oversight of the sourcing and logistics team to his portfolio. Announcement • Sep 01
Koss Corporation, Annual General Meeting, Oct 15, 2025 Koss Corporation, Annual General Meeting, Oct 15, 2025. Reported Earnings • Sep 01
Full year 2025 earnings released: US$0.093 loss per share (vs US$0.10 loss in FY 2024) Full year 2025 results: US$0.093 loss per share (improved from US$0.10 loss in FY 2024). Revenue: US$12.6m (up 2.9% from FY 2024). Net loss: US$874.8k (loss narrowed 8.0% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Jun 18
Chairman exercised options and sold US$89k worth of stock On the 13th of June, Michael Koss exercised 31k options at a strike price of around US$1.90 and sold these shares for an average price of US$4.81 per share. This trade did not impact their existing holding. For the year to June 2018, Michael's total compensation was 85% salary and 15% non-salary. Since September 2024, Michael has owned 944.71k shares directly. Company insiders have collectively sold US$226k more than they bought, via options and on-market transactions in the last 12 months. New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$51.9m market cap). New Risk • May 10
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$44.5m market cap). Reported Earnings • May 10
Third quarter 2025 earnings released: US$0.034 loss per share (vs US$0.034 loss in 3Q 2024) Third quarter 2025 results: US$0.034 loss per share (in line with 3Q 2024). Revenue: US$2.78m (up 5.4% from 3Q 2024). Net loss: US$316.7k (flat on 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • May 09
Koss Corporation Announces That Steven A. Leveen Would Not Stand for Re-Election as A Director On May 7, 2025, Steven A. Leveen notified the Koss Corporation that he would not stand for re-election as a director at the Company’s 2026 Annual Meeting of Stockholders. Mr. Leveen’s decision is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. Reported Earnings • Jan 31
Second quarter 2025 earnings released: EPS: US$0.01 (vs US$0.029 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.01 (up from US$0.029 loss in 2Q 2024). Revenue: US$3.56m (up 5.9% from 2Q 2024). Net income: US$94.1k (up US$363.3k from 2Q 2024). Profit margin: 2.6% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Recent Insider Transactions Derivative • Dec 18
Vice President of Sales exercised options and sold US$137k worth of stock On the 12th of December, John Koss exercised 25k options at a strike price of around US$1.90 and sold these shares for an average price of US$7.39 per share. This trade did not impact their existing holding. Since June 2024, John has owned 270.18k shares directly. Company insiders have collectively sold US$214k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 01
First quarter 2025 earnings released: US$0.045 loss per share (vs US$0.028 loss in 1Q 2024) First quarter 2025 results: US$0.045 loss per share (further deteriorated from US$0.028 loss in 1Q 2024). Revenue: US$3.20m (down 5.1% from 1Q 2024). Net loss: US$419.5k (loss widened 63% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Sep 02
Koss Corporation, Annual General Meeting, Oct 16, 2024 Koss Corporation, Annual General Meeting, Oct 16, 2024. Reported Earnings • Sep 01
Full year 2024 earnings released: US$0.10 loss per share (vs US$0.90 profit in FY 2023) Full year 2024 results: US$0.10 loss per share (down from US$0.90 profit in FY 2023). Revenue: US$12.3m (down 6.4% from FY 2023). Net loss: US$950.9k (down 112% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions Derivative • May 23
Vice President of Sales exercised options and sold US$77k worth of stock On the 20th of May, John Koss exercised 25k options at a strike price of around US$2.17 and sold these shares for an average price of US$5.25 per share. This trade did not impact their existing holding. Since September 2023, John's direct individual holding has decreased from 297.18k shares to 270.18k. This was the only transaction from an insider over the last 12 months. Reported Earnings • May 10
Third quarter 2024 earnings released: US$0.034 loss per share (vs US$0.025 loss in 3Q 2023) Third quarter 2024 results: US$0.034 loss per share (further deteriorated from US$0.025 loss in 3Q 2023). Revenue: US$2.64m (down 22% from 3Q 2023). Net loss: US$313.8k (loss widened 35% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 02
Second quarter 2024 earnings released: US$0.029 loss per share (vs US$0.13 loss in 2Q 2023) Second quarter 2024 results: US$0.029 loss per share (improved from US$0.13 loss in 2Q 2023). Revenue: US$3.36m (up 2.7% from 2Q 2023). Net loss: US$269.2k (loss narrowed 77% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 29
First quarter 2024 earnings released: US$0.028 loss per share (vs US$1.09 profit in 1Q 2023) First quarter 2024 results: US$0.028 loss per share (down from US$1.09 profit in 1Q 2023). Revenue: US$3.37m (flat on 1Q 2023). Net loss: US$257.6k (down 103% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Aug 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 72% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (US$32.1m market cap). Announcement • Aug 26
Koss Corporation, Annual General Meeting, Oct 18, 2023 Koss Corporation, Annual General Meeting, Oct 18, 2023, at 08:00 Central Standard Time. Agenda: To elect five directors from among the nominees described in the Proxy Statement accompanying this notice; to approve, on a non-binding advisory basis, compensation paid to Named Executive Officers; to ratify the appointment of WIPFLI, LLP as the independent registered public accounting firm of the Company for the fiscal year ending June 30, 2024; to approve the Koss Corporation 2023 Equity Incentive Plan; and to transact such other business as may properly be brought before the annual meeting. Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: US$0.90 (vs US$0.14 in FY 2022) Full year 2023 results: EPS: US$0.90 (up from US$0.14 in FY 2022). Revenue: US$13.1m (down 26% from FY 2022). Net income: US$8.30m (up US$7.03m from FY 2022). Profit margin: 63% (up from 7.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Koss Corporation Notifies Theodore H. Nixon Not Stand for Re-Election to the Board of Directors Koss Corporation Announced that On July 26, 2023, Theodore H. Nixon notified the board of directors the Company that he would not stand for re-election at the Company’s 2023 Annual Meeting of Stockholders. Mr. Nixon’s decision is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$4.45, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 9x in the Consumer Durables industry in the US. Total returns to shareholders of 138% over the past three years. Reported Earnings • May 12
Third quarter 2023 earnings released: US$0.025 loss per share (vs US$0.044 profit in 3Q 2022) Third quarter 2023 results: US$0.025 loss per share (down from US$0.044 profit in 3Q 2022). Revenue: US$3.37m (down 27% from 3Q 2022). Net loss: US$232.9k (down 158% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$5.10, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 7x in the Consumer Durables industry in the US. Total returns to shareholders of 251% over the past three years. Reported Earnings • Jan 28
Second quarter 2023 earnings released: US$0.13 loss per share (vs US$0.063 profit in 2Q 2022) Second quarter 2023 results: US$0.13 loss per share (down from US$0.063 profit in 2Q 2022). Revenue: US$3.27m (down 26% from 2Q 2022). Net loss: US$1.15m (down 298% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Steve Leveen was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
First quarter 2023 earnings released: EPS: US$1.09 (vs US$0.011 loss in 1Q 2022) First quarter 2023 results: EPS: US$1.09 (up from US$0.011 loss in 1Q 2022). Revenue: US$3.35m (down 23% from 1Q 2022). Net income: US$9.94m (up US$10.0m from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$5.99, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 6x in the Consumer Durables industry in the US. Total returns to shareholders of 192% over the past three years. Announcement • Aug 27
Koss Corporation, Annual General Meeting, Oct 19, 2022 Koss Corporation, Annual General Meeting, Oct 19, 2022, at 08:00 Central Standard Time. Agenda: To elect six directors from among the nominees described in the Proxy Statement accompanying this notice; to approve, on non-binding advisory basis, compensation paid to Named Executive Officers; to conduct advisory vote on the frequency of future advisory votes to approve the compensation paid to Named Executive Officers; to ratify the appointment of WIPFLI as the independent registered public accounting firm of the Company for the fiscal year ending June 30, 2023; and to transact such other business as may properly be brought before the annual meeting. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: US$0.14 (vs US$0.063 in FY 2021) Full year 2022 results: EPS: US$0.14 (up from US$0.063 in FY 2021). Revenue: US$17.6m (down 9.9% from FY 2021). Net income: US$1.27m (up 157% from FY 2021). Profit margin: 7.2% (up from 2.5% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$8.34, the stock trades at a trailing P/E ratio of 62.8x. Average trailing P/E is 8x in the Consumer Durables industry in the US. Total returns to shareholders of 215% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorated over the past week After last week's 29% share price decline to US$7.91, the stock trades at a trailing P/E ratio of 59.6x. Average trailing P/E is 8x in the Consumer Durables industry in the US. Total returns to shareholders of 297% over the past three years. Recent Insider Transactions • Jun 03
Independent Director recently bought US$119k worth of stock On the 1st of June, William Sweasy bought around 17k shares on-market at roughly US$6.96 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$699k more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 17% share price gain to US$7.05, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 8x in the Consumer Durables industry in the US. Total returns to shareholders of 236% over the past three years. Reported Earnings • May 06
Third quarter 2022 earnings released: EPS: US$0.044 (vs US$0.059 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.044 (up from US$0.059 loss in 3Q 2021). Revenue: US$4.63m (up 16% from 3Q 2021). Net income: US$403.2k (up US$877.4k from 3Q 2021). Profit margin: 8.7% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Steve Leveen was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 05
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: US$0.063 (down from US$0.069 in 2Q 2021). Revenue: US$4.42m (down 10% from 2Q 2021). Net income: US$579.0k (up 14% from 2Q 2021). Profit margin: 13% (up from 10% in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Nov 03
CFO & Secretary exercised options and sold US$129k worth of stock On the 2nd of November, David Smith exercised 10k options at a strike price of around US$2.63 and sold these shares for an average price of US$15.54 per share. This trade did not impact their existing holding. Since December 2020, David's direct individual holding has decreased from 25.03k shares to 31.00. Company insiders have collectively sold US$56m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Oct 30
First quarter 2022 earnings released: US$0.011 loss per share (vs US$0.017 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: US$4.37m (down 16% from 1Q 2021). Net loss: US$99.4k (down 178% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 85% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Sep 18
Chairman exercised options and sold US$364k worth of stock On the 15th of September, Michael Koss exercised 24k options at a strike price of around US$2.17 and sold these shares for an average price of US$17.27 per share. This trade did not impact their existing holding. For the year to June 2021, Michael's total compensation was 59% salary and 41% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Michael's direct individual holding has increased from 46.01k shares to 932.71k. Company insiders have collectively sold US$56m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 27
CFO & Secretary exercised options and sold US$1.7m worth of stock On the 24th of August, David Smith exercised 110k options at a strike price of around US$1.73 and sold these shares for an average price of US$16.77 per share. This trade did not impact their existing holding. Since December 2020, David's direct individual holding has decreased from 25.03k shares to 30.00. Company insiders have collectively sold US$54m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 20
Full year 2021 earnings released: EPS US$0.063 (vs US$0.063 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$19.5m (up 6.7% from FY 2020). Net income: US$493.6k (up US$959.2k from FY 2020). Profit margin: 2.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Jul 03
CFO & Secretary exercised options and sold US$810k worth of stock On the 1st of July, David Smith exercised 50k options at a strike price of around US$6.00 and sold these shares for an average price of US$22.19 per share. This trade did not impact their existing holding. Since September 2020, David's direct individual holding has decreased from 25.03k shares to 30.00. Company insiders have collectively sold US$51m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jun 13
Vice President of Sales recently sold US$379k worth of stock On the 9th of June, John Koss sold around 13k shares on-market at roughly US$28.86 per share. In the last 3 months, they made an even bigger sale worth US$911k. Insiders have been net sellers, collectively disposing of US$17m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jun 13
Vice President of Sales notifies of intention to sell stock John Koss intends to sell 21k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of June. If the sale is conducted around the recent share price of US$27.60, it would amount to US$583k. Since September 2020, John's direct individual holding has decreased from 1.40m shares to 291.55k. Company insiders have collectively sold US$50m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jun 06
Chairman exercised options and sold US$1.4m worth of stock On the 2nd of June, Michael Koss exercised 55k options at a strike price of around US$1.95 and sold these shares for an average price of US$26.78 per share. This trade did not impact their existing holding. For the year to June 2020, Michael's total compensation was 59% salary and 41% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2020, Michael's direct individual holding has decreased from 2.04m shares to 36.01k. Company insiders have collectively sold US$50m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • May 31
Chairman recently sold US$191k worth of stock On the 26th of May, Michael Koss sold around 9k shares on-market at roughly US$21.26 per share. In the last 3 months, they made an even bigger sale worth US$986k. Michael has been a seller over the last 12 months, reducing personal holdings by US$6.1m. Recent Insider Transactions Derivative • May 21
Independent Lead Director exercised options and sold US$56k worth of stock On the 18th of May, Thomas Doerr exercised 3k options at a strike price of around US$1.92 and sold these shares for an average price of US$18.83 per share. This trade did not impact their existing holding. Since September 2020, Thomas has not owned shares directly. Company insiders have collectively sold US$46m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 14
Third quarter 2021 earnings released: US$0.059 loss per share (vs US$0.013 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$3.99m (down 17% from 3Q 2020). Net loss: US$474.2k (loss widened 387% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 98% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Apr 06
CFO & Secretary exercised options and sold US$330k worth of stock On the 1st of April, David Smith exercised 16k options at a strike price of around US$1.97 and sold these shares for an average price of US$22.60 per share. This trade did not impact their existing holding. Since September 2020, David's direct individual holding has decreased from 25.03k shares to 30.00. Company insiders have collectively sold US$46m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Mar 17
Chairman exercised options and sold US$1.2m worth of stock On the 10th of March, Michael Koss exercised 40k options at a strike price of around US$1.95 and sold these shares for an average price of US$32.29 per share. This trade did not impact their existing holding. For the year to June 2020, Michael's total compensation was 59% salary and 41% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since September 2020, Michael's direct individual holding has decreased from 2.04m shares to 1.06m. Company insiders have collectively sold US$45m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Mar 17
Chairman recently sold US$986k worth of stock On the 10th of March, Michael Koss sold around 29k shares on-market at roughly US$34.01 per share. In the last 3 months, there was an even bigger sale from another insider worth US$3.6m. Michael has been a seller over the last 12 months, reducing personal holdings by US$5.9m. Recent Insider Transactions • Mar 02
Chairman recently sold US$801k worth of stock On the 25th of February, Michael Koss sold around 25k shares on-market at roughly US$32.05 per share. In the last 3 months, there was an even bigger sale from another insider worth US$3.6m. Michael has been a seller over the last 12 months, reducing personal holdings by US$4.9m. Recent Insider Transactions Derivative • Feb 28
Chairman exercised options and sold US$454k worth of stock On the 25th of February, Michael Koss exercised 15k options at a strike price of around US$2.17 and sold these shares for an average price of US$32.45 per share. This trade did not impact their existing holding. For the year to June 2020, Michael's total compensation was 59% salary and 41% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since September 2020, Michael's direct individual holding has decreased from 2.04m shares to 1.04m. Company insiders have collectively sold US$40m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 05
Independent Director recently sold US$1.3m worth of stock On the 1st of February, Theodore Nixon sold around 30k shares on-market at roughly US$43.78 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.9m more than they bought in the last 12 months. Reported Earnings • Jan 31
Second quarter 2021 earnings released: EPS US$0.069 (vs US$0.029 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$4.93m (up 18% from 2Q 2020). Net income: US$508.9k (up US$724.6k from 2Q 2020). Profit margin: 10% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has increased by 217% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Jan 29
CFO & Secretary exercised options and sold US$79k worth of stock On the 25th of January, David Smith exercised 24k options at a strike price of around US$2.57 and sold these shares for an average price of US$5.85 per share. This trade did not impact their existing holding. Since September 2020, David has owned 25.03k shares directly. Company insiders have collectively sold US$145k more than they bought, via options and on-market transactions in the last 12 months. Is New 90 Day High Low • Jan 26
New 90-day high: US$6.00 The company is up 174% from its price of US$2.19 on 27 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: US$3.44 The company is up 61% from its price of US$2.14 on 30 September 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: US$2.80 The company is up 35% from its price of US$2.07 on 02 September 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 5.0% over the same period. Reported Earnings • Oct 31
First quarter earnings released Over the last 12 months the company has reported total losses of US$27.9k, with earnings decreasing by US$106.3k from the prior year. Total revenue was US$18.1m over the last 12 months, down 16% from the prior year.