Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 186

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 186
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 as discussed above for the nine months ended March 31, 2025 as compared to the same period in 2024.

Our cost of goods sold from
their revenue categories are summarized as follows:

    For the Nine Months Ended 

    March 31,  2025  
    March 31,  2024 

    (Unaudited)  
    (Unaudited) 
  
    Tablet products 
    $312,704  
    $482,608 
  
    Mobile phone products 
     45,450,285  
     804,154 
  
    Wearable products and others 
     2,948,619  
     - 
  
    Other service cost 
     20,598  
     - 
  
    Total cost of goods sold 
    $48,732,206  
    $1,286,762 

Our cost of goods sold for
tables decreased by approximately $0.2 million, or 35.2%, to approximately $0.3 million for the nine months ended March 31, 2025 from
$0.5 million for the same period in 2024. Cost of goods sold for mobile phone products increased by approximately $44.7 million,
or 5,551.9%, to approximately $45.5 million for the nine months ended March 31, 2025 from $0.8 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 $2.9 million, or 100.0%, to approximately $2.9 million for the nine 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 nine months
ended March 31, 2025 from $0 for the same period in 2024.

42

Gross Profit

Our gross profit increased
by approximately $3.2 million, or 5,329.2%, to approximately $3.3 million for the nine months ended March 31, 2025, from approximately
$60,000 for the nine months ended March 31, 2024.

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