Koss Corporation is engaged in the design, manufacture, and sale of stereo headphones and related accessory products in the audio/video industry segment of the home entertainment industry. Products The company markets a line of high-fidelity stereo headphones, speaker-phones, computer headsets, telecommunications headsets, active noise canceling stereo headphones, wireless stereo headphones and compact disc recordings of American Symphony Orchestras on the Koss Classics label. The company’s products are sold through national retailers, 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. Sales and Marketing The company sells products to distributors for resale to school systems, and directly to other manufacturers for inclusion with their own products. The company has approximately 200 domestic dealers and its products are carried in approximately 24,000 domestic retail outlets and retailers worldwide. International markets are served by domestic sales representatives and a sales office in Ireland. Foreign sales The company has a small sales office in Ireland to service the international export marketplace. The company sells its products to independent distributors in countries and regions outside the United States, including Europe, the Middle East, Africa, Asia, Australia, South America, Latin America, the Caribbean, Canada and Mexico. Intellectual Property The company has approximately 498 trademarks registered in 99 countries worldwide and 221 patents in 53 countries. The company has trademarks to protect the brand name, Koss, and its logo on its products. Customers The company markets a line of products used by consumers to listen to music, DVD’s in vehicles, sound bytes on computer systems, and other audio related media. The company markets its products to approximately 24,000 domestic retailers and retailers worldwide. As of June 30, 2014, the company’s sales to the customer, Tura Scandinavia AB, was approximately 10% of net sales and sales to Wal-Mart accounted for 9% of net sales. Research and Development The amount expensed on the company’s engineering and research activities relating to the development of new products or the improvement of existing products was $1,024,885, as of June 30, 2014. History Koss Corporation was founded in 1953. The company was incorporated in Delaware in 1971.
koss corp (KOSS:NASDAQ CM)
4129 North Port Washington Avenue
Milwaukee, WI 53212
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