Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 163

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 163
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 increased
by approximately $2.5 million, or 2,499.7%, to approximately $2.6 million for the six months ended December 31, 2024, from $0.1
million for the six months ended December 31, 2023.

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

    For the Six Months Ended December 31, 

    2024  
    2023  
    Change  
    Change  (%) 

    (Unaudited)  
    (Unaudited)  

    Tablet products 

    Gross profit 
    $35,546  
    $68,659  
    $(33,113) 
     (48.2)%
  
    Gross profit percentage 
     20.5% 
     12.5% 
     8.1% 

    Mobile phone products 

    Gross profit 
    $1,389,917  
    $30,924  
    $1,358,993  
     4,394.6%
  
    Gross profit percentage 
     3.7% 
     11.0% 
     (7.3)% 

    Wearable products 

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

    App service commission revenue 

    Gross profit 
    $915,986  
    $-  
    $915,986  
     100.0%
  
    Gross profit percentage 
     100.0% 
     0.0% 
     100.0% 

    Total 

    Gross profit 
    $2,588,842  
    $99,583  
    $2,489,259  
     2,499.7%
  
    Gross profit percentage 
     6.4% 
     12.0% 
     (5.6)% 

40

For the six months ended
December 31, 2024 and 2023, our overall gross profit percentage was 6.4% and 12.0%, respectively. The decrease in gross profit percentage
of 5.6% was