Interesting article from the Business Journal regards the Striva product and mention of undisclosed products to come. Best to not ignore Koss while shares are so cheap. Best time to buy is when no one else is looking....and they pay almost 5% for the wait.
Koss Corp. recapped its latest product initiative of the Striva Wi-Fi headphones during its 2012 annual meeting of shareholders Wednesday morning in the Hilton Milwaukee River Hotel.
The new product line increased the Milwaukee-based stereo headphone maker’s general expenses by approximately $1,124,000 in 2012, according to its 10-K annual report. This increase was partially offset by lower profit-based incentive compensation and professional fees, the report said.
During the meeting, Michael Koss, president and CEO, emphasized the convenience and innovation of the cordless headphones, which will allow listeners to customize their music stream when connected to any Wi-Fi network.
Koss Corp. partnered with U.S. Olympian Dara Torres to promote Striva, which increased research-related spending on its development from $900,000 in 2011 to roughly $1,306,000 in 2012. The company expects this spending to continue in 2013 due to undisclosed new product offerings.
Striva serves as Koss Corp.’s movement into the “rapidly growing market” of portable and multi-function tablets, smartphones and the like, the report said.
Yes KOSS. I took some of my SKUL trading profits and put them to work with KOSS. It pays a 5% dividend while I wait. The Striva products and the patents will be huge. Something is in the works there....watch.