KOSS CORP
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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Sep 30, 2025 · Filed Oct 31, 2025
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Item 1. Legal Proceedings
As part of its intellectual property enforcement program, on July 22, 2020, the Company brought patent infringement suits against certain parties, including PEAG, LLC d/b/a jLab Audio and Skullcandy, Inc., alleging infringement of the Company’s patents relating to its wireless headphone technology and seeking monetary relief and attorneys’ fees. The lawsuits still unresolved are pending in U.S. District Courts in Southern District of California (PEAG, LLC) and District of Utah (Skullcandy, Inc.).
In September 2025, the Company resolved the matter with One-E-Way relating to One-E-Way’s claims that some of the Company’s wireless products may infringe on certain One-E-Way patents. The Company resolved this matter at a cost of $22,200 which had been fully accrued for in the Company’s Consolidated Financial Statements at June 30, 2025.
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