Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 178

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 178
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 $1.4 million for the three months ended March 31, 2025 from $0 for the same period in 2024. Other service
cost increased by approximately $21,000, or 100.0% to approximately $21,000 for the three months ended March 31, 2025 from $0 for the
same period in 2024.

Gross Profit

Our gross profit increased
by approximately $0.7 million, or 1,771.6%, to approximately $0.7 million for the three months ended March 31, 2025, from approximately
$(40,000) for the three months ended March 31, 2024.

Our gross profit from their
major revenue categories is summarized as follows:

    For the Three Months Ended March 31, 

    2025  
    2024  
    Change  
    Change (%) 

    (Unaudited)  
    (Unaudited)  

    Tablet products 

    Gross profit 
    $44,410  
    $-  
    $44,410  
     100.0%
  
    Gross profit percentage 
     20.2% 
     0.0% 
     20.2% 

    Mobile phone products 

    Gross profit 
    $(248,971) 
    $(39,682) 
    $209,289  
     527.4%
  
    Gross profit percentage 
     (2.8)% 
     (7.7)% 
     4.9% 

    Wearable products and others 

    Gross profit 
    $142,587  
    $-  
    $142,587  
     100.0%
  
    Gross profit percentage 
     9.2% 
     0.0% 
     9.2% 

    App service commission revenue and others 

    Gross profit 
    $725,287  
    $-  
    $725,287  
     100.0%
  
    Gross profit percentage 
     97.2% 
     0.0% 
     97.2% 

    Total 

    Gross profit (loss) 
    $663,313  
    $(39,682) 
    $702,995  
     1,771.6%
  
    Gross