Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 190

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 2
Chunk 190
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 goods sold 
     17,478,734  
     22,713,876  
     (5,235,142) 
     (23.0)%
  
    Gross profit 
     2,744,567  
     398,176  
     2,346.391  
     589.3%
  
    Operating expenses 

    Selling expense 
     901,656  
     1,215,042  
     (313,386) 
     (25.8)%
  
    General, and administrative expense 
     2,428,673  
     961,247  
     1,467,426  
     152.7%
  
    Research and development – related party 
     -  
     22,792  
     (22,792) 
     (100.0)%
  
    Research and development 
     306,432  
     7,028  
     299,404  
     4,260.2%
  
    Loss from operations 
     (892,194) 
     (1,807,933) 
     915,739  
     (50.7)%
  
    Other expense, net 
     (1,973,248) 
     (458,856) 
     (1,514,392) 
     330.0%
  
    Provision for income tax 
     -  
     -  
     -  
     0.0%
  
    Net loss 
     (2,865,442) 
     (2,266,789) 
     (598,653) 
     26.4%
  
    Foreign currency translation adjustment 
     (6,525) 
     -  
     (6,225) 
     (100.0)%
  
    Comprehensive loss 
    $(2,871,967) 
     (2,266,789) 
     (605,178) 
     26.7%

Revenues

Our revenue is primarily
derived from sales of electronic products. The total revenues decreased by approximately $2.9 million, or 12.5%, to approximately
$20.2 million for the three months ended September 30, 2025 as compared to $23.