Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 38

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1
Chunk 38
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(9.3)% 

    Mobile
    phone products 

    Gross profit 
    $2,078,822  
    $(39,012) 
    $2,117,834  
     (5,428.7)%
  
    Gross profit percentage 
     3.5% 
     (1.5)% 
     5.0% 

    Wearable
    products and others 

    Gross profit 
    $403,489  
    $-  
    $403,489  
     100.0%
  
    Gross profit percentage 
     11.7% 
     -  
     11.7% 

    App
service commission revenue 

    Gross profit 
    $2,166,477  
    $-  
    $2,166,477  
     100.0%
  
    Gross profit percentage 
     100.0% 
     -  
     100.0% 

    Other services 

    Gross profit 
    $53,877  
    $-  
    $53,877  
     100.0%
  
    Gross profit percentage 
     52.9% 
     -  
     100.0% 

    Total 

    Gross profit 
    $4,774,605  
    $115,943  
    $4,658,662  
     4,018.1%
  
    Gross profit percentage 
     7.2% 
     3.6% 
     3.7% 

For
the year ended June 30, 2025 and 2024, our overall gross profit percentage was 7.2% and 3.6%, respectively. The increase in gross
profit percentage of 3.7% was primarily due to the increases in gross profit percentage for mobile phone products, wearable products and
others and app service commission revenue and others.

Gross
profit percentage of tablets dropped from 23.5% to 14.1% from the year ended June 30, 2024 to the same period in 2025. This was primarily
due the decrease of sales of those with higher unit selling prices and lower unit purchase prices.

Gross
profit (loss) percentage for mobile phones increased from (1.5)% to 3.5% for the year ended June