Koss Corporation Reports Earnings Results for the Second Quarter Ended December 31, 2020
January 28, 2021 at 05:19 pm EST
Koss Corporation announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced sales was USD 4.929 million compared to USD 4.162 million a year ago. Operating income was USD 2,073 compared to operating loss of USD 222,618 a year ago. Net income was USD 508,890 compared to net loss of USD 215,713 a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.03 a year ago. For the half year, sales was USD 10.138 million compared to USD 9.573 million a year ago. Operating income was USD 132,529 compared to operating loss of USD 539,764 a year ago. Net income was USD 635,819 compared to net loss of USD 526,462 a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.07 a year ago.