MARKET INFORMATION ON COMMON STOCK The Company's common stock is traded on The NASDAQ Stock Market under the trading symbol KOSS. There were 421 record holders of the Company's common stock as of August 15, 2016. This number does not include individual participants in security position listings. The quarterly high and low sale prices of the Company's common stock for the last two fiscal years are shown below. Quarter Ended September 30, 2014 December 31, 2014 March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 March 31, 2016 June 30, 2016 COMPANY REPURCHASES OF EQUITY SECURITIES Period (2016) Total Number of Shares Purchased Average Price Paid per Share April 1-April 30 May 1-May 31 June 1-June 30 High Low S 3.45 $ 1.85 S 2.15 $ 1.26 S 2.90 $ 1.80 S 3.50 $ 2.21 S 2.61 $ 2.14 S 2.96 $ 1.91 S 2.35 $ 1.51 S 2.45 $ 1.93 Total Number of Shares Purchased as Part of Publicly Announced Plan (1) Approximate Dollar Value of Shares Available under Repurchase Plan 2,139,753 2,139,753 2,139,753 (1) In April 1995, the Board of Directors approved a stock repurchase program authorizing the Company to purchase from time to time up to $2,000,000 of its common stock for its own account. Subsequently, the Board of Directors periodically has approved increases in the amount authorized for repurchase under the program. As of June 30, 2016, the Board had authorized the repurchase of an aggregate of $45,500,000 of common stock under the stock repurchase program, of which $43,360,247 had been expended. No purchases were made during the years ended June 30, 2016 and 2015. The following table presents selected consolidated financial data for each of the past two fiscal years: Consolidated Performance Summary Net sales Net sales increase % Gross profit 2016 2015 $26,001,346 $24,230,056 7.3% 1.6% $8,448,567 Gross profit as % of net sales Selling, general and administrative expenses Selling, general and administrative expenses as % of net sales 34.4% $7,959,460 30.6% $8,942,572 34.9% $7,904,739 32.6% Unauthorized transaction related (recoveries) costs, net $(1,286,001) $31,027 Interest expense $6,075 $12,813 Income before income tax provision Income before income tax provision as % of net sales Income tax provision Income tax provision as % of income before taxes $2,263,038 8.7% $874,038 38.6% 2.1% $17,375 3.5% $499,988