Skip to content
MARKETS / NASDAQ / FOXX
NASDAQ · COMPUTER COMMUNICATIONS EQUIPMENT

Foxx Development Holdings Inc. FOXX

3 fiscal years on record · USD · FY2024 reported · SEC filings only
$65.9M
▲ 1941.8% YoY
$-9.0M
$-6.6M
In brief

What this company does

Its business model involves providing comprehensive hardware and software specifications to original design manufacturers. Its customers are primarily distributors who sell Foxx-branded products in the U.S. public channels and to major carriers in the United States such as T-Mobile, AT&T, and Verizon. Foxx Development Holdings Inc. was incorporated under the name “Acri Capital Merger Sub I Inc.” as a Delaware corporation on November 13, 2023. As of the date of this report, the company had 25 full-time employees.

Written from the business description in Foxx Development Holdings Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 October 2025. Every sentence was checked against that document before publication.

Growth
USD 65.9M
Revenue, FY2024 · full 3-year series below
Revenue $M Net income $M
FY2024 · Revenue 65.9 · Net income -9.0
25.0M50.0M-4.0M-8.0M202220232024
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−14 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -14.7% · Net -13.7%
-50%-100%202220232024
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -6.6
-2.5M-5.0M202220232024

Total assetsUSD 26.0M
EquityUSD -5.4M
CashUSD 1.9M
Gross debtUSD 97,161.00
Net debtUSD -1.8M
Current ratio0.78×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202420232022
Revenue $B0.10.00.0
Operating income $B−0.0−0.00.0
EBITDA $B−0.0−0.00.0
Income tax $B0.00.00.0
Net income $B−0.0−0.00.0
Free cash flow $B−0.0−0.0−0.0
EPS, diluted $−1.47−1.040.06
Dividend / sh $···
Payout %···
ROE %···
Shares out B0.000.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 15 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 80 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityComputer Communications Equipment
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsJune 30
SEC categoryemerging growth company
Data on record since2022

Share this section

Download image