Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 577

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 2
Chunk 577
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,083,897  
     -  
     2,083,897  
     100.0%
  
    Loss from operations 
     (9,697,934) 
     (3,128,470) 
     (6,569,464) 
     210.0%
  
    Other income (expense), net 
     754,541  
     (282,344) 
     1,036,885  
     (367.2)%
  
    Provision
    for income tax 
     76,743  
     19,828  
     56,915  
     287.0%
  
    Net loss 
     (9,020,136) 
     (3,430,642) 
     (5,589,494) 
     162.9%
  
    Foreign
    currency translation adjustment 
     (5,002) 
     -  
     (5,002) 
     100.0%
  
    Comprehensive
    loss 
    $(9,025,138) 
    $(3,430,642) 
    $(5,594,496) 
     163.1%

22

Revenues

Our
revenue primarily derived from sales of electronic products. The total revenues increased by approximately $62.7 million, or
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,