KOSS Business Summary

Koss Corporation (KOSS) operates a transaction-based business model centered on the design, manufacture, and global sale of high-fidelity stereo headphones and audio accessories. The company generates revenue through three primary channels: wholesale distribution to domestic and international retailers, a rapidly expanding Direct-to-Consumer (DTC) platform which accounted for approximately 25% of total sales as of early 2026, and specialized sales to the education and OEM markets. Its product portfolio spans high-end audiophile headphones, wireless Bluetooth units, and communication headsets. Positioned as a legacy small-cap player with a niche focus on acoustic fidelity, Koss competes directly with industry giants such as Bose, Sonos, Shure, and Jabra, maintaining market relevance through its iconic product lines and a strategic shift toward high-margin digital sales and wireless innovation. Founded in 1953 by audio pioneer John C. Koss, the company remains under significant family leadership, with the Koss family and insiders controlling over 44% of the common stock. The current executive team is led by Michael J. Koss, who has served as Chairman, President, CEO, and COO since 1991, bringing nearly four decades of leadership experience. He is supported by Michael J. Koss, Jr., recently promoted to Executive Vice President of Marketing & Product, and Kim M. Schulte, who serves as Chief Financial Officer and Corporate Secretary. The leadership group also includes John C. Koss, Jr. as Vice President of Sales and Lenore E. Lillie as Vice President of Operations. The Board of Directors features seasoned members such as Lead Independent Director Thomas L. Doerr and William J. Sweasy, ensuring a blend of family legacy and independent oversight.