Koss Corp (KOSS) Swings to Q4 Loss; Will Not Declare Q1 Dividend

August 27, 2014 5:17 PM EDT

Koss Corp (NASDAQ: KOSS) reported Q4 EPS of ($0.29), versus $0.62 reported last year. Revenue for the quarter came in at $6.19 million, versus $9.91 million reported last year.

The Company determined that based on the financial results, the Company would not declare a dividend for the quarter ending September 30, 2014. The Company will determine whether to declare and the amount of any future dividends on a quarter-by-quarter basis. The Company indicated this would be based upon its assessment of its financial condition and liquidity, including factors such as improvement in sales as a whole and in particular in the export markets, an increased generation of cash from operations, and the Company's earnings.

For earnings history and earnings-related data on Koss Corp (KOSS) click here.

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