Foxx Development | 10-K: FY2025 Revenue: USD 65.92 M

LB filings
2025.10.15 10:13
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Revenue: As of FY2025, the actual value is USD 65.92 M.

EPS: As of FY2025, the actual value is USD -1.47.

EBIT: As of FY2025, the actual value is USD -4.739 M.

Segment Revenue

  • Tablet Products: Revenue decreased by approximately $0.2 million, or 22.8%, to approximately $0.5 million for the year ended June 30, 2025, from $0.7 million for the year ended June 30, 2024.
  • Mobile Phone Products: 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.
  • Wearable Products and Others: Revenue increased by approximately $3.4 million, or 100.0%, to approximately $3.4 million for the year ended June 30, 2025, from $0 for the year ended June 30, 2024.
  • App Service Commission Revenue: Revenue 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.

Operational Metrics

  • Gross Profit: Increased by approximately $4.7 million, or 4,018.1%, to approximately $4.8 million for the year ended June 30, 2025, from approximately $0.1 million for the year ended June 30, 2024.
  • Operating Expenses: Total operating expenses increased by approximately $11.3 million, or 346.1%, to approximately $14.5 million for the year ended June 30, 2025, from approximately $3.2 million for the year ended June 30, 2024.
  • Net Loss: Increased by approximately $5.6 million, or 162.9%, to approximately $9.0 million for the year ended June 30, 2025, from approximately $3.4 million for the year ended June 30, 2024.

Cash Flow

  • Net Cash Used in Operating Activities: Approximately $6.6 million for the year ended June 30, 2025, compared to approximately $4.7 million for the year ended June 30, 2024.
  • Net Cash Used in Investing Activities: Approximately $40,000 for the year ended June 30, 2025, compared to approximately $9,000 for the year ended June 30, 2024.
  • Net Cash Provided by Financing Activities: Approximately $7.9 million for the year ended June 30, 2025, compared to approximately $3.5 million for the year ended June 30, 2024.

Unique Metrics

  • Research and Development Expenses: Increased by approximately $2.1 million, or 100.0%, from $0 for the year ended June 30, 2024, to $2.1 million for the same period in 2025.

Outlook / Guidance

  • The company plans to continue targeting end-users eligible for the Lifeline Program and expects to grow sales through E-Commerce channels like TikTok Shop.
  • The company aims to diversify its product offerings and expand its customer base to mitigate reliance on limited suppliers and customers.
  • The company plans to further expand its product offerings and launch an IoT platform to manage all end-products sold.
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