Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 184

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 184
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    Research and development 
     1,550,833  
     -  
     1,550,833  
     100.0%
  
    Loss from operations 
     (7,609,700) 
     (1,887,400) 
     5,722,300  
     303.2%
  
    Other income (expense), net 
     2,682,546  
     (166,783) 
     2,849,329  
     1,708.4%
  
    Provision for income tax 
     -  
     19,828  
     (19,828) 
     (100.0)%
  
    Net loss 
    $(4,927,154) 
    $(2,074,011) 
    $2,853,143  
     137.6%
  
    Foreign currency translation adjustment 
     (412) 
     -  
     (412) 
     (100.0)%
  
    Comprehensive loss 
     (4,927,566) 
     (2,074,011) 
     2,853,555  
     137.6%

Revenues

Our revenue primarily derived
from sales of electronic products. The total revenues increased by approximately $50.6 million, or 3,760.2%, to approximately $52.0 million
for the nine months ended March 31, 2025 as compared to $1.3 million for the nine months ended March 31, 2025. The increase of the total
revenue was mainly attributable to the sales from three new major wholesale customers who aggregately accounted for 78% of our sales.

41

Our revenues from our revenue
categories are summarized as follows:

    For the Nine Months Ended 

    March 31,  2025  
    March 31,  2024 

    (Unaudited)  
    (Unaudited) 
  
    Tablet products 
    $392,660  
    $657,800 
  
    Mobile phone products 
     46,571,691  
     688,863 
  
    Wearable products and others 
     3,358,138  
     - 
  
    Subtotal product revenues 
     50,322,489  
     1,