Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 58

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 58
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 Radio Frequency (RF)
layout optimization, Session Initiation Protocol (SIP) integration, and rigorous system testing.

Our ability to expand our products and services
and diversify customer base

Currently, our main revenue stream originates from the sale of tablets
and mobile phones. As brand recognition and acceptance grow, we anticipate a surge in user adoption of our wireless services and intelligent
products. Our capacity to broaden our products portfolio, offer new services and attract a more diversified customer base could significantly
influence our future operating results.

34

Results of Operations

Comparison for the three months ended September
30, 2025 and 2024

    For the Three Months September 30, 

    2025  
    2024  
    Change ($)  
    Change (%) 

    (Unaudited)  
    (Unaudited)  

    Revenues, net 
    $20,223,301  
     23,112,052  
     (2,888,751) 
     (12.5)%
  
    Cost of goods sold 
     17,478,734  
     22,713,876  
     (5,235,142) 
     (23.0)%
  
    Gross profit 
     2,744,567  
     398,176  
     2,346.391  
     589.3%
  
    Operating expenses 

    Selling expense 
     901,656  
     1,215,042  
     (313,386) 
     (25.8)%
  
    General, and administrative expense 
     2,428,673  
     961,247  
     1,467,426  
     152.7%
  
    Research and development – related party 
     -  
     22,792  
     (22,792) 
     (100.0)%
  
    Research and development 
     306,432  
     7,028  
     299,404  
     4,260.2%
  
    Loss from operations 
     (892,194) 
     (1,807,933) 
     915,739  
     (50.7)%
  
    Other expense, net 
     (1,973,248)