Foxx Development Holdings (NASDAQ:FOXX) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.23m (down 85% from FY 2023).
• Net loss: US$3.43m (down from US$58.2k profit in FY 2023).
• US$3.43 loss per share (down from US$0.058 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Wireless Communications Equipment contributing US$3.23m. Notably, cost of sales worth US$3.11m amounted to 96% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.08m (59% of total expenses). Explore how FOXX's revenue and expenses shape its earnings.

Foxx Development Holdings shares are down 17% from a week ago.

Risk Analysis

Before you take the next step you should know about the 7 warning signs for Foxx Development Holdings (3 can't be ignored!) that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.