Koss third quarter net sales increase 39 percent

Freeman Staff

May 7, 2015

MILWAUKEE - On Thursday, Koss Corporation reported a 39.6 percent increase for its third quarter compared to the same period in 2014.

The  high-fidelity headphone  company reported sales for the third quarter were $6,001,556 compared to $4,300,373 for  the same three-month period one year ago. The three-month net income was $57,218, compared to a net loss of $25,121 for the  third quarter of 2014.

"We experienced increased sales in our domestic markets of approximately  $1,613,000 or 66 percent and an increase of approximately $90,000 or 5 percent in the  export markets. It was nice to see increases in both areas and to finally  see the export markets start to show renewed life," Michael J. Koss,  president and CEO, said in a statement.