Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 249

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 249
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)%
  
    Gross profit percentage 
     20.4% 
     26.6% 
     (6.3)% 

    Mobile phone products 

    Gross profit (loss) 
    $1,121,406  
    $(115,291) 
    $1,236,697  
     1,072.7%
  
    Gross profit (loss) percentage 
     2.4% 
     (16.7)% 
     19.1% 

    Wearable products and others 

    Gross profit 
    $409,519  
    $-  
    $409,519  
     100.0%
  
    Gross profit percentage 
     12.2% 
     0.0% 
     12.2% 

    App service commission revenue and others 

    Gross profit 
    $1,641,274  
    $-  
    $1,641,274  
     100.0%
  
    Gross profit percentage 
     98.8% 
     0.0% 
     98.8% 

    Total 

    Gross profit 
    $3,252,155  
    $59,901  
    $3,192,254  
     5,329.2%
  
    Gross profit percentage 
     6.3% 
     4.4% 
     1.8% 

For the nine months ended
March 31, 2025 and 2024, our overall gross profit percentage was 6.3% and 4.4%, respectively. The increase in gross profit percentage
of 1.8% was primarily due to the increase in gross profit percentage for mobile phones, wearable products and others and App service commission
revenue and others.

Gross profit percentage of
tablets decreased from 26.6% to 20.4% from the nine months ended March 31, 2024 to the same period in 2025. This was primarily due the
decrease of sales of those with higher unit selling prices and lower unit purchase prices.

Gross profit (loss) percentage
for mobile phones increased from (16.7)% to 2.4% from the nine months ended March 31, 2024, to the same period in 2025. This was primarily
due to our change of business