Foxx Development Holdings Inc.

Foxx Development Holdings Inc. (FOXX) reported its fiscal Q2 2026 results for the period ending December 31, 2025, disclosing net revenues of $16.7 million against a net loss of $4.3 million. The company's cost of goods sold was $14.5 million, resulting in a gross profit of $2.2 million. Operating performance was significantly impacted by stock-based compensation expenses of $406K and research and development expenses of $193K related to a related party. The balance sheet reflects a challenging liquidity position with total current assets of $19.8M against total current liabilities of $34.0M, resulting in a stockholders' deficit of $11.8M. Cash flow from operations was negative $4.5M for the period. The company recently completed a reverse recapitalization, evidenced by $19.7M in proceeds and $20.5M in redemption payments during the period. No prior period comparative figures were provided in the XBRL data, limiting quarter-over-quarter or year-over-year trend analysis.

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