Company research
Foxx Development Holdings Inc.
CIK 2013807Updated Sep 26, 2026
Name history
Acri Capital Merger Sub I Inc. · through Jul 29, 2024
FOXX price & chart
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NASDAQ:FOXX on TradingView ↗About the company
Foxx Development is a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients. With robust research and development capabilities and a strategic commitment to cultivating long-term partnerships with mobile network operators, distributors and suppliers around the world, it currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices throughout the United States, and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. For more information, please visit http://foxxusa.com and http://ir.foxxusa.com.
In the news
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Items 3.01
SD filing
10-Q filing
NT 10-Q filing
Show 5 more recent filings
SCHEDULE 13G - filed by CLEAR STREET LLC regarding Foxx Development Holdings Inc.
SCHEDULE 13D - filed by Grazyna Plawinski Ltd regarding Foxx Development Holdings Inc.
SCHEDULE 13D - filed by BayRoad Holdings Ltd. regarding Foxx Development Holdings Inc.
SCHEDULE 13D/A - filed by Hua Joy Yi regarding Foxx Development Holdings Inc.
10-Q filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 25,999,814Source | 5,374,422Source |
| Property, Plant and Equipment, NetUSD | 131,722Source | 142,619Source |
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,875,453Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 6,786,792Source | 251,894Source |
| Inventory, NetUSD | 12,686,739Source | 1,768,072Source |
| Assets, CurrentUSD | 23,649,638Source | 4,333,959Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,837,812Source | 44,116Source |
| Operating Lease, Right-of-Use AssetUSD | 1,063,438Source | 405,758Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 31,364,497Source | 9,376,858Source |
| Stockholders’ equity: | ||
| Common Stock, Value, IssuedUSD | 678Source | 1,000Source |
| Additional Paid in CapitalUSD | — | 7,023,492Source |
| Retained Earnings (Accumulated Deficit)USD | -20,047,064Source | -11,026,928Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -5,002Source | — |
| Stockholders' Equity Attributable to ParentUSD | -5,364,683Source | -4,002,436Source |
| Additional Paid in Capital, Common StockUSD | 14,686,705Source | — |
| Liabilities and EquityUSD | 25,999,814Source | 5,374,422Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 30,401,252Source | 8,948,981Source |
| Operating Lease, Liability, CurrentUSD | 211,525Source | 72,531Source |
| Accounts Payable, CurrentUSD | 26,244,987Source | 1,396,860Source |
| Operating Lease, Liability, NoncurrentUSD | 889,827Source | 332,435Source |
| Additional Financial Items | ||
| Deferred Tax Liabilities, NetUSD | — | 124,488Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 114,981Source |
| Long-term Debt, Current MaturitiesUSD | 23,743Source | 19,539Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 73,418Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 815,678Source | — |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | 7,130,805Source | — |
| Increase (Decrease) in InventoriesUSD | 10,918,667Source | 1,768,072Source |
| Increase (Decrease) in Accounts PayableUSD | 24,848,127Source | 1,396,861Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -6,560,121Source | -4,680,079Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -40,236Source | -8,743Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 68,336Source | 8,743Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 7,890,820Source | 3,451,421Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 19,700,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,288,005Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,875,453Source | 587,448Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 2,507,745Source | 13,662Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -2,458Source | — |
| Additional Financial Items | ||
| Share-based Payment Arrangement, ExpenseUSD | 815,678Source | — |
| DepreciationUSD | 47,732Source | 39,783Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -3,400Source | — |
| General and Administrative ExpenseUSD | 7,068,426Source | 2,076,484Source |
| Income Tax Expense (Benefit)USD | 76,743Source | 19,828Source |
| InterestExpenseNonoperatingUSD | 4,959,055Source | 278,328Source |
| Net Income (Loss) Attributable to ParentUSD | -9,020,136Source | -3,430,642Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -9,020,136Source | -3,430,642Source |
| Nonoperating Income (Expense)USD | 754,541Source | -282,344Source |
| Operating ExpensesUSD | 14,472,539Source | 3,244,413Source |
| Other Nonoperating Income (Expense)USD | 25,589Source | -4,016Source |
| Proceeds from Issuance of Common StockUSD | 19,710,288Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 3,228,559Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Total RevenueUSD | 65,919,166Source | 3,228,559Source |
| Cost of RevenueUSD | 61,144,561Source | 3,112,616Source |
| Operating Income (Loss)USD | -9,697,934Source | -3,128,470Source |
| Other Nonoperating Income (Expense)USD | 25,589Source | -4,016Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -8,943,393Source | -3,410,814Source |
| Income Tax Expense (Benefit)USD | 76,743Source | 19,828Source |
| Net Income (Loss) Attributable to ParentUSD | -9,020,136Source | -3,430,642Source |
| Earnings Per Share, BasicUSD per share | -1.47Source | -3.43Source |
| Earnings Per Share, DilutedUSD per share | -1.47Source | -3.43Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 6,148,467Source | 1,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 6,148,467Source | 1,000,000Source |
| Interest Expense (non-operating)USD | 4,959,055Source | 278,328Source |
| Additional Financial Items | ||
| General and Administrative ExpenseUSD | 7,068,426Source | 2,076,484Source |
| Gross ProfitUSD | 4,774,605Source | 115,943Source |
| Interest Expense, DebtUSD | 12,784Source | 14,989Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -9,020,136Source | -3,430,642Source |
| Nonoperating Income (Expense)USD | 754,541Source | -282,344Source |
| Operating ExpensesUSD | 14,472,539Source | 3,244,413Source |
| Research and Development ExpenseUSD | 2,083,897Source | 91,168Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 3,228,559Source |
| Selling ExpenseUSD | 5,183,464Source | 1,076,761Source |
Offerings
Registration 333-284186
Filing attachments
ea025171701ex99-1_foxx.htm · 8-K · 2025-08-04
EX-99.1 2 ea025171701ex99-1_foxx.htm PRESS RELEASE, DATED AUGUST 4, 2025 Exhibit 99.1 Foxx Development Partners with APEC Water Systems to Launch Advanced Smart Water Leak Detector Technology Collaboration Delivers Enterprise-Grade IoT Solution for Home Water Protection Irvine, CA, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Foxx Development Holdings Inc. (“Foxx Development” or “Company”) (Nasdaq: FOXX), a leading provider of consumer electronics and integrated Internet-of-Things (IoT) solutions fo…
Read attachment ↗ea024492201ex99-1_foxx.htm · 8-K · 2025-06-06
EX-99.1 2 ea024492201ex99-1_foxx.htm PRESS RELEASE, DATED JUNE 6, 2025 Exhibit 99.1 Foxx Development Poised to Join Russell Microcap Index Irvine, CA, June 06, 2025 (GLOBE NEWSWIRE) -- Foxx Development Holdings Inc. (“Foxx Development” or “Company”) (Nasdaq: FOXX), a leading provider of consumer electronics and integrated Internet-of-Things (IoT) solutions for retail and institutional clients, today announced that the Company will be included in the Russell Microcap® Index following FTSE R…
Read attachment ↗ea023060801ex99-1_foxx.htm · 8-K · 2025-02-11
EX-99.1 2 ea023060801ex99-1_foxx.htm PRESS RELEASE, DATED FEBRUARY 10, 2025 Exhibit 99.1 Foxx Development Expands Entertainment Offerings Through FreeCast Partnership Premium streaming entertainment now comes standard on all Foxx smartphones and tablets Irvine, CA, February 10, 2025 - Foxx Development Holdings Inc. (“Foxx Development” or “Company”) (Nasdaq: FOXX), a leading provider of consumer electronics and integrated Internet-of-Things (IoT) solutions for retail and institutional clie…
Read attachment ↗ea022517201ex4-3_foxx.htm · S-1 · 2025-01-10
EX-4.3 2 ea022517201ex4-3_foxx.htm SPECIMEN WARRANT CERTIFICATE Exhibit 4.3 [FACE] Number Warrants THIS WARRANT SHALL BE VOID IF NOT EXERCISED PRIOR TO THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR IN THE WARRANT AGREEMENT DESCRIBED BELOW FOXX DEVELOPMENT HOLDINGS INC. Incorporated Under the Laws of the State of Delaware CUSIP: 351665112 Warrant Certificate This Warrant Certificate certifies that [●], or registered assigns, is the registered holder of redeemable warrant(s) evid…
Read attachment ↗ea022648501ex99-1_foxx.htm · 8-K · 2025-01-02
EX-99.1 2 ea022648501ex99-1_foxx.htm PRESS RELEASE, DATED JANUARY 2, 2025 Exhibit 99.1 GFoxx Development to Celebrate Milestone by Ringing Nasdaq Closing Bell on January 3, 2025 Irvine, CA, Jan. 2, 2025 - Foxx Development Holdings Inc. (“Foxx Development” or “Company”) (Nasdaq: FOXX), a leading provider of consumer electronics and integrated Internet-of-Things (IoT) solutions for retail and institutional clients, today announced that it will ring the Nasdaq Closing Bell on Friday, January …
Read attachment ↗