Foxx Development | 10-Q: FY2026 Q1 Revenue: USD 20.22 M

Revenue: As of FY2026 Q1, the actual value is USD 20.22 M.

EPS: As of FY2026 Q1, the actual value is USD -0.42.

EBIT: As of FY2026 Q1, the actual value is USD 1.12 M.

Segment Revenue

• Total Revenue: $20,223,301 for the three months ended September 30, 2025, a decrease from $23,112,052 for the same period in 2024.
• Product Revenue: $19,815,616 for the three months ended September 30, 2025, down from $22,881,854 in 2024.
• Service Revenue: $407,685 for the three months ended September 30, 2025, up from $230,198 in 2024.

Operational Metrics

• Net Loss: -$2,865,442 for the three months ended September 30, 2025, compared to -$2,266,789 in 2024.
• Gross Profit: $2,744,567 for the three months ended September 30, 2025, up from $398,176 in 2024.
• Operating Expenses: $3,636,761 for the three months ended September 30, 2025, an increase from $2,206,109 in 2024.

Cash Flow

• Net Cash Used in Operating Activities: -$367,763 for the three months ended September 30, 2025, compared to -$243,459 in 2024.
• Net Cash Used in Investing Activities: $0 for the three months ended September 30, 2025, compared to -$35,000 in 2024.
• Net Cash Provided by Financing Activities: -$6,980 for the three months ended September 30, 2025, compared to $28,283,012 in 2024.

Unique Metrics

• App Service Commission Revenue: $405,766 for the three months ended September 30, 2025, up from $230,198 in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to expand its product range and enter the U.S. IoT markets and potentially the private label MVNO market, aiming to grow into a key player both domestically and globally.
• Non-Core Business: The company is preparing to launch an IoT platform and set up a service team for its B2B model in the artificial IoT department.
• Priority: The company is focusing on diversifying its customer base and expanding its product offerings to reduce reliance on limited suppliers and customers.