Koss is like a dedicated, historical version of Bose, solely focused on headphones.

Koss is a venerable headphone specialist, similar to a more accessible Sennheiser.

Koss is like the Duracell of headphones – a specialized, long-standing brand in personal audio.

• High-fidelity headphones: These headphones are designed for superior audio reproduction.
• Wireless Bluetooth headphones: Headphones that connect wirelessly to devices using Bluetooth technology.
• Wireless Bluetooth speakers: Portable speakers that connect wirelessly to audio sources via Bluetooth.
• Computer headsets: Headsets specifically designed for use with computers, often for communication or gaming.
• Telecommunications headsets: Headsets used for communication, particularly in telephony or call center environments.
• Active noise canceling headphones: Headphones that use active noise control to reduce unwanted ambient sounds.
• Compact disc recordings (Koss Classics): Music recordings sold on compact disc under the company's "Koss Classics" label.
• Headphone accessories: Various ancillary items and parts that complement their range of headphones.

Michael J. Koss, Chairman, President, Chief Executive Officer & Chief Operating Officer

Michael J. Koss, the son of company founder John C. Koss, assumed the roles of President and CEO in 1991. He previously held the position of the company's Chief Financial Officer. With an academic background in anthropology, he has guided Koss Corporation through various business challenges, including a notable embezzlement case, and remains dedicated to the company's founding principles.

Kim M. Schulte, Chief Financial Officer & Corporate Secretary

Kim M. Schulte was appointed Chief Financial Officer and Corporate Secretary of Koss Corporation, with her role becoming effective on February 28, 2022. She took over from Dave Smith upon his retirement and previously served as the company's Vice President of Finance.

Michael J. Koss Jr., Executive Vice President, Marketing & Product and Director

Michael J. Koss Jr., the son of the current CEO, was promoted to Executive Vice President, Marketing & Product in October 2025. He holds an MBA from Marquette University. His responsibilities at Koss Corporation encompass product development, marketing strategies, direct-to-consumer (DTC) growth initiatives, and intellectual property (IP) enforcement.

Megan Brobson, Director of Acquisitions and Corporate Development

Megan Brobson joined Koss Corporation on March 16, 2026, to lead the company's new acquisition-driven diversification strategy. She possesses over a decade of experience in private equity and client finance roles, having most recently worked at a lower middle market private equity firm. Her background includes cultivating relationships with business owners, identifying and executing new investment opportunities, and collaborating with management teams to develop and implement value creation strategies.

John C. Koss, Founder (former Chairman)

John C. Koss founded the J.C. Koss Hospital Television Rental Company in 1953, which subsequently evolved into Koss Corporation. He is recognized for inventing the world's first high-fidelity stereophone headphones in 1958, thereby pioneering the personal listening industry. He retired as chairman in 2015 and passed away in 2021.

Here are the key risks to Koss Corporation (KOSS):

1. Declining Revenue and Profitability: Koss Corporation faces significant challenges with its financial performance, exhibiting non-existent revenue growth and a substantial decline in revenue over recent years. For instance, revenue was down 34% from three years prior as of May 2025. The company reported a net loss of approximately $0.87 million for the fiscal year ended June 30, 2025. High operating expenses relative to its revenue base contribute to a negative operating margin, and the core business has posted negative cash flow from operations, indicating it does not generate enough cash to cover its daily costs. This financial instability and struggle for consistent profitability make investors skeptical, as evidenced by the stock trending downwards.
2. Intense Competition: Koss operates within a highly competitive stereo headphone industry. The company constantly contends with much larger, more diversified competitors that possess significantly greater resources, making it difficult for a niche player to gain substantial market share and sustain growth.
3. Supply Chain, Tariffs, and Geopolitical Risks: Koss Corporation's reliance on contract manufacturing in China and its considerable international sales expose it to a range of economic and political risks. These include global and regional economic downturns, inflation, rising costs, supply chain disruptions, currency fluctuations, and potential trade barriers, all of which could compromise the company's financial health by dampening consumer spending and straining profitability. Specifically, tariffs imposed on Chinese imports are expected to erode the company's margins as existing inventories are sold.

Koss Corporation's primary products, stereo headphones, wireless Bluetooth headphones, computer headsets, telecommunications headsets, and active noise-canceling headphones, fall within the broader earphones, headphones, and headset markets. Additionally, the company offers wireless Bluetooth speakers.

Addressable Market Sizes:

Global Earphones and Headphones Market:

• The global earphones and headphones market size was estimated at USD 81.78 billion in 2025 and is projected to reach USD 238.72 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 14.5% from 2026 to 2033.

U.S. Earphones and Headphones Market:

• The U.S. earphone and headphone market size was approximately USD 13.65 billion in 2023 and is projected to reach around USD 34.45 billion by 2033, demonstrating a CAGR of 9.7% during the forecast period from 2024 to 2033.

Global Headset Market:

• The global headset market size was estimated at USD 144.34 billion in 2025 and is predicted to increase from USD 189.49 billion in 2026 to approximately USD 1,815.99 billion by 2035, expanding at a CAGR of 28.82% from 2026 to 2035.

Global Wireless Speaker Market:

• The global wireless speaker market size was valued at USD 36.92 billion in 2023. It is estimated to reach USD 209.27 billion by 2032, growing at a CAGR of 21.16%.

U.S. Wireless Speaker Market:

• The U.S. wireless speakers market was valued at USD 6.14 billion in 2024 and is expected to reach USD 12.12 billion by 2030, growing at a CAGR of 12.01% during the forecast period.

Koss Corporation (KOSS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

1. Acquisition-driven Diversification: Koss has recently embarked on a new strategic phase focused on acquisitions outside its traditional consumer electronics core. The company appointed a Director of Acquisitions and Corporate Development on March 16, 2026, and intends to pursue long-term hold acquisitions with target EBITDA ranging from $2 million to $4 million. This initiative is expected to diversify revenue streams beyond headphones.
2. Growth in Direct-to-Consumer (DTC) Sales: The Direct-to-Consumer channel continues to be a significant growth engine for Koss. DTC sales increased approximately 16.5% in fiscal year 2025 and saw an accelerated growth of 22.5% in the first quarter of fiscal year 2026, now accounting for nearly a quarter of the company's total sales. This channel provides higher margins and direct customer engagement.
3. Export Market Expansion and New Product Introductions: International sales are a strong contributor to revenue growth, fueled by new product launches, particularly to European distributors. Export sales grew by a remarkable 48% in fiscal year 2025, with sales to European distributors increasing by an impressive 67% in the full fiscal year 2025 and over 100% in the first half of fiscal year 2025. These new product introductions contribute to higher gross margins.
4. Education Market Sales: Strong sales gains in the Education market have been noted, particularly in the first two quarters of fiscal year 2026. A significant sale to a major Education market customer played a role in the 27.1% net sales increase during the first quarter of fiscal year 2026.

Share Repurchases

• Koss has an authorized stock repurchase program for up to $45.5 million of its common stock.
• Of the authorized amount, $43.36 million has been expended to date.
• No shares were repurchased in fiscal years 2025 or 2024.

Share Issuance

• Shares outstanding for Koss Corporation have shown a slight increase over the last few years, from approximately 8.67 million in August 2021 to around 9.46 million by November 2025.

Outbound Investments

• Koss announced on March 16, 2026, a new acquisition-driven diversification initiative, supported by the hiring of a Director of Acquisitions and Corporate Development.
• The company plans to utilize its strong balance sheet to acquire "solid, well-managed companies" outside of its core headphone space.
• Koss expects to pursue acquisition targets with an EBITDA in the range of $2-4 million.

Capital Expenditures

• Investing activities, including capital expenditures, amounted to $120,284 in fiscal year 2025.
• Research and development expenses were $0.21 million for the fiscal year ended June 30, 2025.
• The company consistently invests a few hundred thousand dollars annually in product development, recording engineering, and research and development.