Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 215

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 2
Chunk 215
---
3  
    Change  
    Change  (%) 

    (Unaudited)  
    (Unaudited)  

    Tablet products 

    Gross profit 
    $35,546  
    $68,659  
    $(33,113) 
     (48.2)%
  
    Gross profit percentage 
     20.5% 
     12.5% 
     8.1% 

    Mobile phone products 

    Gross profit 
    $1,389,917  
    $30,924  
    $1,358,993  
     4,394.6%
  
    Gross profit percentage 
     3.7% 
     11.0% 
     (7.3)% 

    Wearable products 

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

    App service commission revenue 

    Gross profit 
    $915,986  
    $-  
    $915,986  
     100.0%
  
    Gross profit percentage 
     100.0% 
     0.0% 
     100.0% 

    Total 

    Gross profit 
    $2,588,842  
    $99,583  
    $2,489,259  
     2,499.7%
  
    Gross profit percentage 
     6.4% 
     12.0% 
     (5.6)% 

40

For the six months ended
December 31, 2024 and 2023, our overall gross profit percentage was 6.4% and 12.0%, respectively. The decrease in gross profit percentage
of 5.6% was primarily due to the decrease in gross profit percentage for mobile phones whose gross profit accounted for 54% of total gross
profit.

Gross profit percentage of
tablets improved from 12.5% to 20.5% from the six 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