Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 207

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 2
Chunk 207
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    (Unaudited)  

    Tablet products 

    Gross profit 
    $35,461  
    $68,659  
    $(33,198) 
     (48.4)%
  
    Gross profit percentage 
     21.1% 
     12.5% 
     8.6% 

    Mobile phone products 

    Gross profit 
    $1,222,024  
    $30,924  
    $1,191,100  
     3,851.7%
  
    Gross profit percentage 
     8.2% 
     11.0% 
     (2.8)% 

    Wearable products 

    Gross profit 
    $247,393  
    $-  
    $247,393  
     100.0%
  
    Gross profit percentage 
     13.9% 
     0.0% 
     12.9% 

    App service commission revenue 

    Gross profit 
    $685,788  
    $-  
    $685,788  
     100.0%
  
    Gross profit percentage 
     100.0% 
     0.0% 
     100.0% 

    Total 

    Gross profit 
    $2,190,666  
    $99,583  
    $2,091,083  
     2,099.8%
  
    Gross profit percentage 
     12.5% 
     12.0% 
     0.6% 

For the three months ended
December 31, 2024 and 2023, our overall gross profit percentage was 12.5% and 12.0%, respectively. The increase in gross profit percentage
of 0.6% was primarily due to the all the increases in gross profit percentage for tablet, wearable products and App service commission
revenue.

Gross profit percentage of
tablets improved from 12.5% to 21.1% from the three months ended December 31, 2023 to the same period in 2024. This was primarily due
to our change of business strategy as discussed above, which lead to the increase in the unit selling price of electronic products, and
the decrease in the unit purchase price of the purchasing goods.

Gross profit percentage for
mobile phones decreased from