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Koss fiscal Q2 profit climbs YOY

Koss Corp. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 5 cents per share, an increase from 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $397,170, an increase from $191,930 in the year-earlier period.

The normalized profit margin increased to 5.8% from 2.7% in the year-earlier period.

Total revenue rose on an annual basis to $7.2 million from $7.0 million, and total operating expenses decreased on an annual basis to $6.6 million from $6.7 million.

Reported net income rose on an annual basis to $386,630, or 5 cents per share, from $165,590, or 2 cents per share.