Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 76

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 76
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41

Our revenues from our revenue
categories are summarized as follows:

    For the Nine Months Ended 

    March 31,  2025  
    March 31,  2024 

    (Unaudited)  
    (Unaudited) 
  
    Tablet products 
    $392,660  
    $657,800 
  
    Mobile phone products 
     46,571,691  
     688,863 
  
    Wearable products and others 
     3,358,138  
     - 
  
    Subtotal product revenues 
     50,322,489  
     1,346,663 
  
    App service commission revenue, net, and others 
     1,661,872  
     - 
  
    Total revenues, net 
    $51,984,361  
    $1,346,663 

Tablet product sales were
insignificant in our operations for the nine months ended March 31, 2025. Revenue from the sales of tablets decreased by approximately
$0.3 million, or 40.3%, to approximately $0.4 million for the nine months ended March 31, 2025 from $0.7 million for the same period in
2024. Revenue from sales of mobile phones increased by approximately $45.9 million, or 6,660.7%, to approximately $46.6 million for
the nine months ended March 31, 2025 from $0.7 million for the same period in 2024 as we rolled out some new mobile phone products beginning
in January 2024 and the sales from three new major wholesale customers who aggregately accounted for 78% of our sales. Revenue from sales
of wearable products and others increased by approximately $3.4 million, or 100.0%, to approximately $3.4 million for the nine months
ended March 31, 2025 from $0 for the same period in 2024 as we rolled out some new wearable products beginning in October 2024. Revenue
from App service commission and others increased by approximately $1.7 million, or 100.0%, to approximately $1.7 million for the
nine months ended March 31, 2025 from $0 for the same period in 2024 as we started to generate income by providing installation of App
service to our partners