Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 84

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 84
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 $0.8 million, or 42.0%, to approximately $2.6 million for the year ended June 30, 2024 from approximately $1.8 million for the same period in 2023. Other costs, including cost of rugged cases and freight in and shipping insurance costs, decreased by approximately $11,000, or 100.0%, to $0 for the year ended June 30, 2024 from approximately $11,000 for the year ended June 30, 2023.

47

Gross Profit Our gross profit decreased by approximately $1.0 million, or 89.5%, to approximately $0.1 million for the year ended June 30, 2024, from approximately $1.1 million for the year ended June 30, 2023. Our gross profit from their major revenue categories is summarized as follows:

| Tablet products         |     | For the Years Ended June 30, 
 2024                         |         |    |     | 2023 |           |   |     | Change |          |    |     | Change 
 (%)    |    |
|:------------------------|:----|:-----------------------------|--------:|:---|:----|:-----|----------:|:--|:----|:-------|---------:|:---|:----|:-------|:---|
| Gross profit            |     | $                            | 154,955 |    |     | $    |   981,618 |   |     | $      | (826,663 | )  |     | (84.2  | )% |
| Gross profit percentage |     |                              |    23.5 | %  |     |      |       5.0 | % |     |        |     18.5 | %  |     |        |    |
| Mobile phone products   |     |                              |         |    |     |      |           |   |     |        |          |    |     |        |    |
| Gross profit            |     | $                            | (39,012 | )  |     | $    |   108,954 |   |     | $      | (147,966 | )  |     | (135.8 | )% |
| Gross profit percentage |     |                              |    (1.5 | )% |     |      |       5.6 | % |     |        |