KOSS — what changed in the latest 10-Q
A section-by-section comparison of KOSS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-30 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +24 | −25 | ~12 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-30
During fiscal year 2026, management announced its intention to pursue acquisition targets as part of its "diversification by acquisition" strategy. The Company expects this expanded strategy to substantially change its financial profile and generate predictable, recurring revenue streams. However, d…
The following table presents selected financial data for the three months ended September 30, 2026 and 2025:
Net sales for the three months ended September 30, 2026 were $3,094,000 compared to $4,071,000 for the three months ended September 30, 2025, a decrease of $977,000, or 24.0%. The prior year’s first quarter included a considerable sale involving a new product introduction and rollout in the Educatio…
Export sales for the current quarter were relatively consistent with those for the same period in the prior year, with sales of $727,000 for the three months ended September 30, 2026 compared to the prior year’s first quarter sales of $749,000, a slight decrease of $22,000, or 2.9%. An approximately…
For the three months ended September 30, 2026, sales to the domestic markets totaled $2,367,000, a decline of $955,000, or 28.7%, compared to sales of $3,322,000 for the same period in the prior year. The significant sale to a particular Education customer during the first three months of the prior …
Text removed vs the prior filing · source: 10-Q · 2026-05-08
The following table presents selected financial data for the three and nine months ended March 31, 2026 and 2025:
Net sales for the three months ended March 31, 2026 were $2,825,000, a slight increase of $44,000, or 1.6%, compared to $2,781,000 for the three months ended March 31, 2025. The increase resulted from a 40% increase in domestic distributor orders, coupled with a 23% increase in direct-to-consumer (D…
Export sales of $381,000 for the three months ended March 31, 2026 were down $230,000, or 37.7%, compared to sales of $612,000 for the three months ended March 31, 2025. A near 70% reduction in sales to Asia versus the same prior year period and a 77% drop off in sales into Canada drove the decline.…
For the three months ended March 31, 2026, sales to the domestic markets totaled $2,444,000, representing an increase of $274,000, or 12.6%, compared to sales of $2,169,000 for the same period in the prior year. The higher sales figures reflect increased demand within the domestic distributor market…
Gross profit as a percentage of net sales for the three months ended March 31, 2026 was 35.5% against a gross profit percentage of 39.0% for the comparable period in the prior year, a decrease of 350 basis points. For the nine months ended March 31, 2026, gross margins were 35.5%, a decrease of 290 …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice