Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 848

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 4
Chunk 848
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    Total
    cost of goods sold 
    $61,144,561  
    $3,112,616 

Our
cost of goods sold for tablets decreased by approximately $0.1 million, or 13.4%, to approximately $0.4 million for the year ended June
30, 2025 from $0.5 for the same period in 2024. Cost of goods sold for mobile phone products increased by approximately $55.0 million,
or 2,110.3%, to approximately $57.6 million for the year ended June 30, 2025 from $2.6 million for the same period in 2024, which
is consistent with the direct result of an increase in revenue from sales of mobile phone products. Cost of goods sold for wearable products and others increased by
approximately $3.0 million, or 100.0%, to approximately $3.0 million for the year ended June 30, 2025 from $0 for the same period
in 2024, which is also the direct result of an increase in our revenue as we rolled out some new wearable products beginning in October
2024. Cost of goods sold for other services  increased by approximately $48,000, or 100.0% to approximately $48,000 for the year ended June 30, 2025 from
$0 for the same period in 2024, which is also the direct result of an increase in our other revenue as we started to generate income
by providing other services during the year ended June 30, 2025.

23

Gross
Profit

Our
gross profit increased by approximately $4.7 million, or 4,018.1%, to approximately $4.8 million for the year ended June 30,
2025, from approximately $0.1 million for the year ended June 30, 2024.

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

    For
    the Years Ended June 30, 

    2025  
    2024  
    Change  
    Change
    (%) 

    Tablet
    products 

    Gross profit 
    $71,940  
    $154,955  
    $(83,015) 
     (53.6)%
  
    Gross profit percentage 
     14.1% 
     23.5%