Filing Flows › Foxx Development Holdings (FOXX) › Q2 FY25
Foxx Development Holdings (FOXX) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 14, 2025
Foxx Development Holdings (FOXX) reported revenue of $17.5M for the second quarter fiscal 2025 (Q2 FY25), up 21-fold from a year earlier and -24% from the quarter before. Operating margin was -12.8%, net earnings $1.4M (8.1% of revenue).
Foxx Development Holdings, Q2 FY25: revenue $17.5M (21× year over year), operating margin -12.8%, net earnings $1.4M, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.5M | -24% | 21× |
| Operating profit | −$2.2M | — | — |
| Net earnings | $1.4M | — | — |
| Operating cash flow | −$4.2M | — | — |
What changed
Revenue was $17.5M in Q2 FY25, up 1999% year over year and down 24% from the previous quarter. Mobile Phone Products was the largest line at 85% of revenue. Mobile Phone Products added $14.6M year over year (up 5173%), 87% of the total change.
Gross margin was 12.5%, up 0.6 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -12.8%. Operating expenses grew 549% against revenue growth of 1999%. The fastest-growing cost line was Sales & marketing (+1093%). Net earnings were $1.4M. The effective tax rate was 0.0%. Non-operating items added $3.7M, 257% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$4.2M. Non-cash charges added back $12K of depreciation and $201K of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $33K exceeded it, leaving free cash flow of −$4.3M.
Questions
What was Foxx Development Holdings' revenue in the second quarter fiscal 2025?
Foxx Development Holdings (FOXX) reported revenue of $17.5M for the second quarter fiscal 2025 (Q2 FY25), up 21-fold from a year earlier and -24% from the quarter before.
Was Foxx Development Holdings profitable in the second quarter fiscal 2025?
Operating loss was $2.2M (-12.8% of revenue) and net earnings $1.4M.