Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 653

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 653
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     |       2026 |     | Argentine        |
| 2022        |     |         44,988 |     |       11,247 |     |       2027 |     | Argentine        |
| 2023        |     |        135,117 |     |       33,779 |     |       2028 |     | Argentine        |
| 2024        |     |      1,655,133 |     |      413,783 |     |       2029 |     | Argentine        |
| 2025        |     |        650,747 |     |      162,687 |     |       2030 |     | Argentine        |

F-109

Notes to Unaudited Interim Condensed Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 16. Revenues

|                     |     | For the six-month period ended 
                   December 31, 
                           2024 |     |    2023 |
|:--------------------|:----|-------------------------------:|:----|--------:|
| Heritas Diagnostics |     |                        696,606 |     | 672,336 |
| Rewell              |     |                        138,176 |     |  31,056 |
| Total revenues      |     |                        834,782 |     | 703,392 |

Contract liability As of December 31, 2024 and June 30, 2024, contract liabilities consisted of the following.

|                          |     |        As of 
 December 31, 
         2024 |     |    As of 
 June 30, 
     2024 |
|:-------------------------|:----|-------------:|:----|---------:|
| Heritas Diagnostics      |     |      112,672 |     |   87,170 |
| Rewell                   |     |        5,366 |     |    7,812 |
| Total contract liability |     |      118,038 |     |   94,982 |

The Group recognizes as contract liabilities the amount of advance payments and billings that exceed recognized revenue. In the case of the Rewell test services, customer revenue is generally billed upon collection and recognized at the time when the corresponding service is provided to the customers (this is, when control of the deliverable is transferred). To the extent that the service is not provided by the reporting date