Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 416

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 416
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20 | %  |

____________ Notes: n.m. — not meaningful. Revenues Revenues increased by $131,390, or 18.7%, from $703,392 for the six months ended December 31, 2023, to $834,782 for the six months ended December 31, 2024. Revenues from the Heritas Diagnostics segment increased by $24,270, or 3.6%, from $672,336 for the six months ended December 31, 2023, to $696,606 for the six months ended December 31, 2024. The increase was entirely attributable to a price effect, as the number of samples processed remained substantially consistent between periods, indicating a neutral volume effect.

213 Revenues from the Rewell segment increased by $107,120, or 344.9%, from $31,056 for the six months ended December 31, 2023, to $138,176 for the six months ended December 31, 2024. This growth is explained as follows: • volume effect: 79% of the increase is due to a 61% growth in the number of kits sold, reflecting expanded commercialization efforts and improved sales strategies; and • price effect: 21% of the increase is due to a 20% rise in the average price per kit, which is quoted in U.S. dollars, driven by adjustments in pricing strategies and increased direct -to -consumersales. Overall, approximately 83% and 17% of total revenues were derived from the Heritas Diagnostics segment and the Rewell segment, respectively, in the six months ended December 31, 2024, compared to 95.6% and 4.4%, respectively, in the six months ended December 31, 2023. Cost of revenues Cost of revenues increased by $301,444, or 39.7%, from $759,520 for the six months ended December 31, 2023, to $1,060,964 for the six months ended December 31, 2024. The observed increase occurred despite test volumes remaining relatively stable for the six -monthperiods, with 3,424 tests processed for the six -monthperiod ending December 31, 2023, compared to 3,479 tests processed for the six -monthperiod ending December 31, 2024, reflecting only a marginal change in the number of units processed. A portion of the increase