Foxx Development Holdings Inc.
For the period ended Mar 31, 2026. Filed May 20, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 20, 2026
FOXX$1.60-12.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
| For the Three Months Ended · For the Nine Months Ended | |||||
|---|---|---|---|---|---|
| March 31, · March 31, · March 31, · March 31, | |||||
| 2026 · 2025 · 2026 · 2025 | |||||
| (Unaudited) · (Unaudited) · (Unaudited) · (Unaudited) | |||||
| REVENUES, NET | $8,666,261 | $11,392,078 | $45,606,134 | $51,984,361 | |
| COST OF GOODS SOLD | 10,116,838 | 10,728,765 | 42,095,364 | 48,732,206 | |
| GROSS (LOSS) PROFIT | (1,450,577) | 663,313 | 3,510,770 | 3,252,155 | |
| OPERATING EXPENSES: | |||||
| Selling expenses | 964,440 | 1,551,369 | 3,008,663 | 4,393,150 | |
| General and administrative expenses | 2,928,172 | 1,421,299 | 8,376,858 | 4,361,716 | |
| Research and development - related party | - | 22,792 | - | 91,168 | |
| Research and development | 1,085,588 | 826,532 | 1,585,228 | 1,550,833 | |
| Provision of credit losses | 1,681,606 | 401,988 | 1,765,169 | 464,988 | |
| Impairments of right-of-use assets | 25,855,427 | - | 25,855,427 | - | |
| Total Operating Expenses | 32,515,233 | 4,223,980 | 40,591,345 | 10,861,855 | |
| LOSS FROM OPERATIONS | (33,965,810) | (3,560,667) | (37,080,575) | (7,609,700) | |
| OTHER (EXPENSE) INCOME | |||||
| Interest expense | (2,304,183) | (1,553,993) | (6,319,324) | (3,005,186) | |
| Other expense, net | - | (2,118) | (21,450) | (257) | |
| Change in fair value of earnout liabilities | - | 1,032,267 | - | 5,687,989 | |
| Total Other (Expense) Income, net | (2,304,183) | (523,844) | (6,340,774) | 2,682,546 | |
| LOSS BFORE INCOME TAXES | (36,269,993) | (4,084,511) | (43,421,349) | (4,927,154) | |
| PROVISION FOR INCOME TAXES | - | - | - | - | |
| NET LOSS | (36,269,993) | (4,084,511) | (43,421,349) | (4,927,154) | |
| OTHER COMPREHENSIVE LOSS | |||||
| Foreign currency translation adjustment | (3,318) | (412) | (12,109) | (412) | |
| COMPREHENSIVE LOSS | $(36,273,311) | $(4,084,923) | $(43,433,458) | $(4,927,566) | |
| WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES | |||||
| Basic | 6,989,278 | 7,050,260 | 6,886,673 | 5,937,756 | * |
| Diluted | 6,989,278 | 7,050,260 | 6,886,673 | 5,937,756 | * |
| LOSS PER SHARE | |||||
| Basic | $(5.19) | $(0.58) | $(6.31) | $(0.83) | |
| Diluted | $(5.19) | $(0.58) | $(6.31) | $(0.83) | |
| * | Giving retroactive effect to reverse recapitalization effected on September 26, 2024 to reflect exchange ratio of approximately 3.3033 as described in Note 4. |
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