Our new pick is: KOSS – Koss Corporation
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KOSS, has been pioneering hi-fi since 1958 and is well known for its invention of the original sterephones.
Yep, you heard right. Not Bose, Apple, Sony, Samsung or Beats, it was John C. Koss, founder of Koss Corporation, who produced the world’s first stereo headphones back in 1958.
KOSS sells a wide variety of hedphones including:
You can check out their website and their products here, www.koss.com
What really caught our attention is the press release from May 7, 2015.
KOSS Third quarter net sales jump 39%
KOSS, the U.S. based high-fidelity headphone company, has reported its third quarter results for the quarter ended March 31, 2015.Sales for the third quarter were $6,001,556 compared to $4,300,373 for the same three month period one year ago, a 39.6% increase.
“We experienced increased sales in our domestic markets of approximately $1,613,000 or 66% and an increase of approximately $90,000 or 5% in the export markets. It was nice to see increases in both areas and to finally see the export markets start to show renewed life,” Michael J. Koss, President and CEO, told employees here today.
“We are pleased to see a year-to-date sales increase compared to last year. Coupled with our cost reduction efforts, this has helped us record a tremendous improvement in Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) from operations”
On November 11, 2014 KOSS announced the release of its new Pro4S Studio Headphone
“Ever since we invented our first pair, recording professionals have turned to the Koss Pro4 Studio Headphones as their reference headphone of choice,” said Michael J. Koss, President and CEO. “The all-new Pro4S Studio Headphone continues Koss’ legacy of incredible accuracy and great fit.”
The Pro4S Studio Headphone is specifically crafted for professionals who use headphones every day to create the world’s greatest music. Featuring the all-new SLX40 element, tuned for reference, the Pro4S Studio Headphone delivers an incredibly accurate and unbiased sound, perfect for any studio or creative environment.
“The clean, natural sound and fit of the Pro4S Studio Headphone make them the perfect reference headphones for today’s multi-platform recording sources,” said Koss.
KOSS has a last price of 2.30 a share but has traded at over 6x this value in the past! Even just a year ago KOSS was trading nearly double what it is now.
KOSS is making some serious progress with the announcement of a 39% jump in net sales and a brand new set of Studio headphones, KOSS could be ready to rally big time!
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