Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 398

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 398
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 a coaching session, with the clients that request it, to review the test results and develop an actionable health plan. The transaction price for Rewell revenue includes the amount of fixed consideration that the Company expects to receive. Revenue generated from the Rewell division is recognized at a point in time when each performance obligation is satisfied. Expenses Sales and marketing, General administrative and Research and development expenses The Company recognizes expenses in the period in which these costs are incurred and are presented by function on the statements of operations. Sales and marketing expenses primarily relate to marketing materials and research that the Company undertakes to increase brand awareness and commercialize its services in the marketplace. Administrative expenses primarily comprise professional fees (mainly related to consultancy, accountancy and legal expenses) and payroll compensation to certain executives. Other operating expenses relate to those that do not depend on general business operations or relate to the other expense categories. 208

Results of Operations Comparison of the Year Ended June 30, 2024 and the Year Ended June 30, 2023 The following table sets forth The Company’s results of operations for the years ended June 30, 2024 and 2023:

|                                         |     | For the year ended 
           June 30, 
               2024 |   |     |       2023 |   |     |  Variation 
      (US$) |   |     | Variation 
       (%) |    |
|:----------------------------------------|:----|-------------------:|:--|:----|-----------:|:--|:----|-----------:|:--|:----|----------:|:---|
|                                         |     |   -in U.S. dollars |   |     |            |   |     |            |   |     |           |    |
| Revenues                                |     |          1,819,370 |   |     |  1,879,939 |   |     |    (60,569 | ) |     |      (3.2 | )% |
| Cost of revenues                        |     |         (1,874,738 | ) |     | (1,920,443 | ) |     |     45,705 |   |     |      (2.4 | )% |
| Gross (loss)/profit                     |     |            (55,368 | ) |     |    (40,504 | ) |     |    (14,864 | ) |     |      36.7 | %  |
|