Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 155

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 155
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 approximately $2.2 million for the three months ended December 31, 2024, from
$0.1 million for the three months ended December 31, 2023.

Our gross profit from their
major revenue categories is summarized as follows:

    For the Three Months Ended December 31, 

    2024  
    2023  
    Change  
    Change (%) 

    (Unaudited)  
    (Unaudited)  

    Tablet products 

    Gross profit 
    $35,461  
    $68,659  
    $(33,198) 
     (48.4)%
  
    Gross profit percentage 
     21.1% 
     12.5% 
     8.6% 

    Mobile phone products 

    Gross profit 
    $1,222,024  
    $30,924  
    $1,191,100  
     3,851.7%
  
    Gross profit percentage 
     8.2% 
     11.0% 
     (2.8)% 

    Wearable products 

    Gross profit 
    $247,393  
    $-  
    $247,393  
     100.0%
  
    Gross profit percentage 
     13.9% 
     0.0% 
     12.9% 

    App service commission revenue 

    Gross profit 
    $685,788  
    $-  
    $685,788  
     100.0%
  
    Gross profit percentage 
     100.0% 
     0.0% 
     100.0% 

    Total 

    Gross profit 
    $2,190,666  
    $99,583  
    $2,091,083  
     2,099.8%
  
    Gross profit percentage 
     12.5% 
     12.0% 
     0.6% 

For the three months ended
December 31, 2024 and 2023, our overall gross profit percentage was 12.5% and 12.0%, respectively. The increase in gross profit percentage
of 0.6% was primarily due to the all the increases in gross profit percentage for tablet, wearable products and App service commission
revenue.