Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 59

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 59
---
 (458,856) 
     (1,514,392) 
     330.0%
  
    Provision for income tax 
     -  
     -  
     -  
     0.0%
  
    Net loss 
     (2,865,442) 
     (2,266,789) 
     (598,653) 
     26.4%
  
    Foreign currency translation adjustment 
     (6,525) 
     -  
     (6,225) 
     (100.0)%
  
    Comprehensive loss 
    $(2,871,967) 
     (2,266,789) 
     (605,178) 
     26.7%

Revenues

Our revenue is primarily
derived from sales of electronic products. The total revenues decreased by approximately $2.9 million, or 12.5%, to approximately
$20.2 million for the three months ended September 30, 2025 as compared to $23.1 million for the three months ended September 30,
2024. The decrease of the total revenue was mainly attributable to the decrease in mobile phone products revenues, which accounted for
87% of our sales.

Our revenues from our revenue
categories are summarized as follows:

    For the Three Months Ended 

    September 30,  2025  
    September 30,  2024 

    (Unaudited)  
    (Unaudited) 
  
    Tablet products 
    $50,471  
    $4,755 
  
    Mobile phone products 
     17,644,061  
     22,877,099 
  
    Wearable products and others 
     2,101,084  
     - 
  
    Subtotal product revenues 
     19,815,616  
     22,881,854 
  
    App service commission revenue 
     405,766  
     230,198 
  
    Other services 
     1,919  
     - 
  
    Subtotal service revenues 
     407,685  
     230,198 
  
    Total revenues, net 
    $20,233,301  
    $23,112,052 

Tablet product sales were
insignificant in our operations for the three months ended September 30,