Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 18

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 18
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 can to new or emerging technologies and changes in customer requirements. •We have a relatively short operating history which may not be indicative of our future performance or financial results and if our revenue and earnings growth are not sustainable, we may not be able to generate the earnings necessary to fund our operations, continue to grow our business or repay our debt obligations. 3 •We currently rely and may continue to rely on a limited number of third -partysuppliers to produce our products. If these parties do not produce our products at a satisfactory quality, in a timely manner, in sufficient quantities or at an acceptable cost, our sales and development efforts could be delayed or otherwise negatively affected. •We currently rely on a limited number of third -partydistributors and sales agents for the distribution of our current products and may continue to depend on them for future products. If we are unable to establish successful relations with third -partydistributors or sales agents, or such third -partydistributors or sales agents do not focus adequate resources on selling our products or are otherwise unsuccessful in selling them, sales of our products may not develop. •If we are unable to effectively execute our e -commercebusiness, our reputation and operating results may be harmed. •As we expand our operations into international markets, we encounter risks linked to sourcing components globally from suppliers and engaging with third -partyconsultants. Additionally, as we continue to grow, we may further extend our reach by selling our products internationally. •Our revenue heavily relied on revenue from Affordable Connectivity Program (ACP). •Our revenue may rely on revenue from end -userswho qualify for the Lifeline Program. •The decision by the U.S. Court of Appeals for the Fifth Circuit in Consumers’ Research v. FCC, as it stands, may jeopardize the funding for the Lifeline Program. •Defects or performance problems in our products could result in a loss of customers, reputational damage and decreased revenue. Additionally, the Company may face warranty, indemnity, and product liability claims that may arise from malfunctions. •Breaches of and other types of security incidents involving our systems, or those of our third -partyservice providers, could negatively impact our business, our brand and reputation, our ability to retain existing customers and attract new customers, may cause us to incur significant liabilities and adversely affect our business, results of operations, financial condition, and future prospects. •If we are not able to enhance or introduce new products that achieve market acceptance and keep pace with technological developments, our