Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 578

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 2
Chunk 578
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228,559 
  
    App service commission revenue, net 
     2,166,477  
     - 
  
    Other services 
     101,814  
     - 
  
    Subtotal service revenues 
     2,268,291  
     - 
  
    Total revenues, net 
    $65,919,166  
    $3,228,559 

Revenue
from the sales of tablet products decreased by approximately $0.2 million, or 22.8%, to approximately $0.5 million for the year ended June
30, 2025, from $0.7 for the year ended June 30, 2024. Revenue from sales of mobile phone products, which accounted for 91% of total revenue, increased by
approximately $57.1 million, or 2,224.9%, to approximately $59.7 million for the year ended June 30, 2025 from $2.6 million for
the year ended June 30, 2024, primarily because we rolled out some new phone products beginning in January 2024 and the sales to our two new major
wholesale customers  accounted for 50% of our sales in aggregate. Revenue from sales of wearable products and others, which was
new for the year ended June 30, 2025, increased by approximately $3.4 million, or 100.0%, to approximately $3.4 million for the
year ended June 30, 2025 from $0 for year ended June 30, 2024, as we rolled out some new wearable products beginning in October 2024.
Revenue from App service commission increased by approximately $2.2 million, or 100.0%, to approximately $2.2
million for the year ended June 30, 2025 from $0 for the year ended June 30, 2024, as we started to generate income by providing
installation of App service to our partners on our mobile devices and procure the distribution of these devices to the end users
beginning in July 2024. Revenue from other services increased by approximately $0.1 million,
or 100.0%, to approximately $0.1 million for the year ended June 30, 2025 from $0 for the year ended June 30, 2024, as we started to generate
income by providing other logistic and warehouse management services in