Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 193

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 2
Chunk 193
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 the same period in 2024. Cost of goods sold for mobile phone products decreased by approximately $7.3 million, or 32.4%, to approximately
$15.3 million for the three months ended September 30, 2025 from $22.7 for the same period in 2024, which is consistent with the
direct result of an decrease in our revenue, as we negotiated with our vendor to cover shipping and tariff costs beginning in July 2025.
Cost of goods sold for wearable products and others increased by approximately $2.1 million, or 100.0%, to approximately $2.1 million
for the three months ended September 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
$400, or 100.0% to approximately $400 for the three months ended September 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 in April 2025.

Gross Profit

Our gross profit increased
by approximately $2.3 million, or 589.3%, to approximately $2.7 million for the three months ended September 30, 2025, from
$0.4 for the three months ended September 30, 2024.

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

    For the Three Months Ended September 30, 

    2025  
    2024  
    Change  
    Change  (%) 

    (Unaudited)  
    (Unaudited)  

    Tablet products 

    Gross profit 
    $10,383  
    $85  
    $10,298  
     12,115.3%
  
    Gross profit percentage 
     20.6% 
     1.8% 
     18.8% 

    Mobile phone products 

    Gross profit 
    $2,302,492  
    $167,893  
    $2,134,599  
     1,271.4%
  
    Gross profit percentage 
     13.0%