Foxx Development Holdings Inc. FOXX

Technology SIC 3576 - Computer Communications Equipment NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Telephone Apparatus Manufacturing derived Nasdaq

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

Last close 2.00 2026-10-23
Market cap $14.1M 2026-03-31 share count
52-week range 1.71 - 7.90

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.47

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
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 -1.47-1.040.06—
EPS, diluted -1.47-1.040.06—
Shares, diluted (wtd. avg.) 6.1M3.3M1.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
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 FY2025FY2024FY2023FY2022
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20M 0 20M 40M 60M 80M Revenue, FY2023: 21.6M Gross profit, FY2023: 1.1M Net income, FY2023: 58.2K Revenue, FY2024: 3.2M Gross profit, FY2024: 115.9K Net income, FY2024: -3.4M Revenue, FY2025: 65.9M Gross profit, FY2025: 4.8M Net income, FY2025: -9M FY2022 FY2023 FY2024 FY2025
Fiscal year FY2022FY2023FY2024FY2025
Revenue — $21.6M $3.2M $65.9M
Gross profit — $1.1M $115.9K $4.8M
Net income — $58.2K -$3.4M -$9.0M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Delisting notice Item 3.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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