A Business at a Glance
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ITEM 1. BUSINESS Founded in Texas in 2017, we are a technology innovation firm specializing in the communications sector. Since our establishment in 2017, we have expanded our presence to include various locations throughout the United States, such as San Francisco, CA, Dallas, TX, Atlanta, GA, Los Angeles, CA, Miami, FL, and New York, NY. This expansion enables us to provide sales, retail, distribution, and after-sales support services while simultaneously driving innovation through active research and development efforts aimed at pioneering new customization standards and services. Our business model involves providing comprehensive hardware and software specifications to original design manufacturers.
| Metric | TTM | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue | 62M | 66M | 3.2M | 22M |
| Net Income | -15M | -9.0M | -3.4M | - |
| EPS | $-2.36 | $-1.47 | $-1.04 | $0.06 |
| Free Cash Flow | 0 | -6.6M | -4.7M | -37K |
| ROIC | -16.5% | -37.3% | -58.2% | - |
| Gross Margin | 11.5% | 7.2% | 3.6% | 5.1% |
| Debt/Equity | 0.00 | -0.02 | -1.50 | -0.57 |
| Dividends/Share | $0.00 | - | - | - |
| Operating Income | -8.8M | -9.7M | -3.1M | 86K |
| Operating Margin | -14.1% | -14.7% | -96.9% | 0.4% |
| ROE | 0.0% | - | - | - |
| Shares Outstanding | 7M | 6M | 7M | 7M |
| Metric | 2023 | |||
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 22M | 3.2M | 66M | 62M |
| Gross Margin | 5.1% | 3.6% | 7.2% | 11.5% |
| R&D | 272K | 91K | 2.1M | 1.9M |
| SG&A | 488K | 2.1M | 7.1M | 9.7M |
| EBIT | 86K | -3.1M | -9.7M | -8.8M |
| Op. Margin | 0.4% | -96.9% | -14.7% | -14.1% |
| Net Income | N/A | -3.4M | -9.0M | -15M |
| Net Margin | N/A | -106.3% | -13.7% | -24.6% |
| Non-Recurring | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||
| ROIC | N/A | -58.2% | -37.3% | -16.5% |
| ROE | N/A | N/A | N/A | 0.0% |
| ROA | N/A | -63.8% | -57.5% | -36.5% |
| Cash Flow | ||||
| Op. Cash Flow | 30K | -4.7M | -6.6M | -2.2M |
| Free Cash Flow | -37K | -4.7M | -6.6M | 0 |
| Owner Earnings | 9K | -4.7M | -7.4M | -3.5M |
| CapEx | 67K | 9K | 68K | 0 |
| Maint. CapEx | 21K | 40K | 48K | 48K |
| Growth CapEx | 46K | 0 | 21K | 0 |
| D&A | 21K | 40K | 48K | 48K |
| CapEx/OCF | 221.7% | N/A | N/A | 0.0% |
| Capital Allocation | ||||
| Dividends Paid | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | 816K | 1.3M |
| Debt Repayment | 154K | 0 | 291K | 291K |
| Balance Sheet | ||||
| Net Debt | -1.5M | 4.8M | -3.6M | -3.4M |
| Cash & Equiv. | 1.8M | 587K | 1.9M | 3.5M |
| Long-Term Debt | 16K | 95K | 73K | 61K |
| Debt/Equity | -0.57 | -1.50 | -0.02 | 0.00 |
| Interest Coverage | 9.3 | -11.2 | -2.0 | -2.0 |
| Equity | -572K | -4.0M | -5.4M | -12M |
| Total Assets | 2.0M | 5.4M | 26M | 42M |
| Total Liabilities | 2.6M | 9.4M | 31M | 54M |
| Intangibles | N/A | N/A | N/A | N/A |
| Retained Earnings | -7.6M | -11M | -20M | -27M |
| Working Capital | -630K | -4.6M | -6.8M | -14M |
| Current Assets | 1.8M | 4.3M | 24M | 20M |
| Current Liabilities | 2.5M | 8.9M | 30M | 34M |
| Per Share Data | ||||
| EPS | 0.06 | -1.04 | -1.47 | -2.36 |
| Owner EPS | 0.00 | -0.70 | -1.21 | -0.51 |
| Book Value | -0.08 | -0.59 | -0.87 | -1.69 |
| Cash Flow/Share | 0.00 | -0.69 | -1.07 | -2.18 |
| Dividends/Share | N/A | N/A | N/A | 0.00 |
| Shares Out. | 7.3M | 6.8M | 6.1M | 7.0M |
| Valuation | ||||
| P/E Ratio | 180.0 | N/A | N/A | -2.3 |
| P/FCF | N/A | N/A | N/A | N/A |
| EV/EBIT | 894.5 | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A |
| Price/Sales | 3.5 | 23.2 | 0.7 | 0.6 |
| FCF Yield | -0.0% | -6.1% | -19.2% | N/A |
| Market Cap | 79M | 77M | 35M | 38M |
| Avg. Price | 10.32 | 11.06 | 7.28 | 5.36 |
| Year-End Price | 10.80 | 11.39 | 5.64 | 5.36 |
Foxx Development Holdings Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 5.3%. At current prices, the estimated annualized return to fair value is -5.7%.
Foxx Development Holdings Inc. (FOXX) has a 5-year average return on invested capital (ROIC) of -47.8%. This is below average and may indicate limited pricing power.
Foxx Development Holdings Inc. (FOXX) has a market capitalization of $38M. It is classified as a small-cap stock.
Foxx Development Holdings Inc. (FOXX) does not currently pay a regular dividend.
Foxx Development Holdings Inc. (FOXX) operates in the Computer Communications Equipment industry, within the Technology sector.
Foxx Development Holdings Inc. (FOXX) reported annual revenue of $66 million in its most recent fiscal year, based on SEC EDGAR filings.
Foxx Development Holdings Inc. (FOXX) has a net profit margin of -13.7%. The company is currently unprofitable.
Foxx Development Holdings Inc. (FOXX) generated $-7 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Foxx Development Holdings Inc. (FOXX) reported earnings per share (EPS) of $-1.47 in its most recent fiscal year.
Foxx Development Holdings Inc. (FOXX) has a 5-year average gross margin of 5.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 3 years of financial data for Foxx Development Holdings Inc. (FOXX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Foxx Development Holdings Inc. (FOXX) has a book value per share of $-0.87, based on its most recent annual SEC filing.
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