Foxx Development Holdings Inc. FOXX
in Texas in 2017, we are a technology innovation firm specializing in the communications sector. Since our establishment in 2017, we
have expanded our presence to include various locations throughout the United States, such as San Francisco, CA, Dallas, TX, Atlanta,
GA, Los Angeles, CA, Miami, FL, and New York, NY. This expansion enables us to provide sales, retail, distribution, and after-sales
support services while simultaneously driving innovation through active research and development efforts aimed at pioneering new customization
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $65.9M | $3.2M | $21.6M | — |
| Cost of revenue | $61.1M | $3.1M | $20.5M | — |
| Gross profit | $4.8M | $115.9K | $1.1M | — |
| R&D | $2.1M | $91.2K | $272.1K | — |
| SG&A | $7.1M | $2.1M | $487.7K | — |
| Total operating expenses | $14.5M | $3.2M | $1.0M | — |
| Operating income | -$9.7M | -$3.1M | $86.2K | — |
| Interest expense | $5.0M | $278.3K | $9.3K | — |
| Pre-tax income | -$8.9M | -$3.4M | $72.4K | — |
| Income tax | $76.7K | $19.8K | $14.2K | — |
| Net income | -$9.0M | -$3.4M | $58.2K | — |
| EPS, basic | -1.47 | -1.04 | 0.06 | — |
| EPS, diluted | -1.47 | -1.04 | 0.06 | — |
| Shares, diluted (wtd. avg.) | $6.1M | $3.3M | $1.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $1.9M | $587.4K | $1.8M | $21.7K |
| Receivables | $6.8M | $251.9K | — | — |
| Inventory | $12.7M | $1.8M | — | — |
| Total current assets | $23.6M | $4.3M | $1.8M | — |
| Property, plant and equipment | $131.7K | $142.6K | $173.7K | — |
| Total assets | $26.0M | $5.4M | $2.0M | — |
| Accounts payable | $26.2M | $1.4M | — | — |
| Short-term debt | $23.7K | $291.2K | $291.2K | — |
| Total current liabilities | $30.4M | $8.9M | $2.5M | — |
| Long-term debt | $73.4K | $95.4K | — | — |
| Total liabilities | $31.4M | $9.4M | $2.6M | — |
| Retained earnings | -$20.0M | -$11.0M | -$7.6M | — |
| Total equity | -$5.4M | -$4.0M | -$571.8K | -$630.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$6.6M | -$4.7M | $30.2K | — |
| Depreciation and amortisation | $47.7K | $39.8K | $20.8K | — |
| Stock-based compensation | $815.7K | — | — | — |
| Capital expenditure | $68.3K | $8.7K | $66.9K | — |
| Investing cash flow | -$40.2K | -$8.7K | -$66.9K | — |
| Financing cash flow | $7.9M | $3.5M | $1.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-25-098953.
Others in SIC 3576
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CSCO | CISCO SYSTEMS, INC. | $430.53B | 32.8x | 11.8% |
| ANET | Arista Networks, Inc. | $244.40B | 70.5x | 28.6% |
| FFIV | F5, INC. | $22.11B | 33.1x | 9.7% |
| EXTR | EXTREME NETWORKS INC | $2.83B | 70.0x | 12.6% |
| DGII | DIGI INTERNATIONAL INC | $2.63B | 64.2x | 1.5% |
| ATEN | A10 Networks, Inc. | $1.79B | 43.1x | 11.0% |
| NTGR | NETGEAR, INC. | $579.2M | — | 3.8% |
| LTRX | LANTRONIX INC | $243.8M | — | -1.6% |