Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 194

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 2
Chunk 194
---
 
     0.7% 
     12.3% 

    Wearable products and others 

    Gross profit 
    $24,372  
    $-  
    $24,372  
     100.0%
  
    Gross profit percentage 
     1.2% 
     -% 
     1.2% 

    App service commission revenue 

    Gross profit 
    $405,766  
    $230,198  
    $175,568  
     76.3%
  
    Gross profit percentage 
     100.0% 
     100.0% 
     0.0% 

    Other services 

    Gross profit 
    $1,554  
    $-  
    $1,554  
     100.0%
  
    Gross profit percentage 
     81.0% 
     -% 
     81.0% 

    Total 

    Gross profit 
    $2,744,567  
    $398,176  
    $2,346,391  
     589.3%
  
    Gross profit percentage 
     13.6% 
     1.7% 
     11.8% 

For the three months ended
September 30, 2025 and 2024, our overall gross profit percentage was 13.6% and 1.7%, respectively. The increase in gross profit percentage
of 11.8% was primarily due to the increase in gross profit percentage for all products and services.

36

Gross profit percentage of
tablets increased from 1.8% for the three months ended September 30, 2024 to 20.6% for the same period in 2025. This was primarily due
to the decrease in sales of those with higher unit selling prices and lower unit purchase prices, and the reduction of shipping and tariff
costs as we negotiated with our vendor to cover such costs.

Gross profit percentage for
mobile phones increased from 0.7% for the three months ended September 30, 2024 to 13.0% for the same period in 2025. This was primarily
due to the increasing sales in new phone models with higher gross profit margins and the reduction of shipping and tariff costs as
we negotiated with our vendor to cover such costs.

For the three months ended
September