Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 69

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 69
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100.0%, to approximately $0.2 million for the three months ended March 31, 2025 from
$0 for the same period in 2024. Cost of goods sold for mobile phone products increased by approximately $8.5 million, or 1,547.2%,
to approximately $9.1 million for the three months ended March 31, 2025 from $0.6 million for the same period in 2024, which is consistent
with the direct result of an increase in our revenue. Cost of goods sold for wearable products and others increased by approximately $1.4 million,
or 100.0%, to approximately $1.4 million for the three months ended March 31, 2025 from $0 for the same period in 2024. Other service
cost increased by approximately $21,000, or 100.0% to approximately $21,000 for the three months ended March 31, 2025 from $0 for the
same period in 2024.

Gross Profit

Our gross profit increased
by approximately $0.7 million, or 1,771.6%, to approximately $0.7 million for the three months ended March 31, 2025, from approximately
$(40,000) for the three months ended March 31, 2024.

Our gross profit from their
major revenue categories is summarized as follows:

    For the Three Months Ended March 31, 

    2025  
    2024  
    Change  
    Change (%) 

    (Unaudited)  
    (Unaudited)  

    Tablet products 

    Gross profit 
    $44,410  
    $-  
    $44,410  
     100.0%
  
    Gross profit percentage 
     20.2% 
     0.0% 
     20.2% 

    Mobile phone products 

    Gross profit 
    $(248,971) 
    $(39,682) 
    $209,289  
     527.4%
  
    Gross profit percentage 
     (2.8)% 
     (7.7)% 
     4.9% 

    Wearable products and others 

    Gross profit 
    $142,587  
    $-  
    $142,587  
     100