Headphone maker Koss' Q1 net sales rise as DTC business grows
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Koss reported a 27.1% year-over-year increase in fiscal Q1 net sales, driven by growth in direct-to-consumer (DTC) and education markets. The company achieved a net income of $243,729, reversing the previous year's loss, with gross margins improving by 340 basis points due to higher-margin DTC sales. DTC sales grew by 22.5%, supported by new product launches. However, Koss did not provide specific financial guidance for future periods in its press release.
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