Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 979

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 5
Chunk 979
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1,941.8%, to approximately $65.9 million for the year ended June 30, 2025 as compared to $3.2 million for the year ended June
30, 2024. The increase of the total revenue was mainly attributable to the sales from three new major wholesale customers who
aggregately accounted for 76% of our sales and launching of a new line of products, which is the wearable electronic products, and
new services.

Our
revenues from our revenue categories are summarized as follows:

    For the Years Ended 

    June 30,
 2025  
    June 30, 
2024 

    Tablet products 
    $509,843  
    $660,787 
  
    Mobile phone products 
     59,696,955  
     2,567,772 
  
    Wearable products and others 
     3,444,077  
     - 
  
    Subtotal product revenues 
     63,650,875  
     3,228,559 
  
    App service commission revenue, net 
     2,166,477  
     - 
  
    Other services 
     101,814  
     - 
  
    Subtotal service revenues 
     2,268,291  
     - 
  
    Total revenues, net 
    $65,919,166  
    $3,228,559 

Revenue
from the sales of tablet products decreased by approximately $0.2 million, or 22.8%, to approximately $0.5 million for the year ended June
30, 2025, from $0.7 for the year ended June 30, 2024. Revenue from sales of mobile phone products, which accounted for 91% of total revenue, increased by
approximately $57.1 million, or 2,224.9%, to approximately $59.7 million for the year ended June 30, 2025 from $2.6 million for
the year ended June 30, 2024, primarily because we rolled out some new phone products beginning in January 2024 and the sales to our two new major
wholesale customers  accounted for 50% of our sales in aggregate. Revenue from sales of wearable products and others, which was
new for the year ended June 30, 2025, increased by approximately $3.4 million,