Revenue Update on Koss Corporation(NASDAQ:KOSS)

Koss Corporation(NASDAQ:KOSS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Aug 18, 2016. Earnings per share were $0.03.

Koss Corporation (KOSS) made into the market gainers list on Mondays trading session with the shares advancing 0.87% or 0.0175 points. Due to strong positive momentum, the stock ended at $2.0255, which is also near the day’s high of $2.0255. The stock began the session at $2.0255 and the volume stood at 200 shares. The 52-week high of the shares is $2.96 and the 52 week low is $1.51. The company has a current market capitalization of $15 M and it has 73,82,706 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 25, 2016, Steven A Leveen (director) purchased 5,000 shares at $2.14 per share price.Also, On Nov 18, 2015, Theodore Nixon (director) purchased 5,000 shares at $2.41 per share price.On Sep 2, 2015, David Donnan Smith (CFO) purchased 3,000 shares at $2.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Koss Corporation operates in the audio/video industry segment of the home entertainment industry. The Company is engaged in the design manufacture and sale of stereo headphones and related accessory products. It markets a line of high-fidelity headphones wireless Bluetooth speakers computer headsets telecommunications headsets active noise canceling headphones wireless headphones and compact disc recordings of American Symphony Orchestras on the Koss Classics label. The Company’s products are sold through national retailers the United States distributors international distributors audio specialty stores the Internet direct mail catalogs regional department store chains discount department stores grocery stores electronics retailers military exchanges and prisons under the Koss name. The Company has more than 200 domestic dealers and its products are carried in approximately 12000 domestic retail outlets and numerous retailers around the world.

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