Foxx Development Holdings Inc

acricapacquisition.com

What Do They Do?

Sells Foxx-branded smartphones, tablets, wearables and other connected devices, along with app services, to distributors and online shoppers.

How Do They Make Money?

Wholesale customers buy products in bulk, generally paying in full before shipment or in partial payments within 30 to 90 days after shipment. Individual online customers buy products, and app partners pay commissions and revenue shares tied to app installations, clicks and impressions.

FY2026 revenue

Who Are Their Customers?

Distributors buy products in bulk and sell them through U.S. carrier channels; individual shoppers buy through the company’s e-commerce stores and other online platforms.

Customers above 10% of revenue, FY2026

of revenue from two customers (68%, 10%)

FY2025: 77% from three customers

Do Revenues Turn Into Profits?

No. It lost $52.7M in FY2026.

Operating income, FY2026

−83% of revenue

▲ +353% (Loss) vs FY2025 (−$9.7M, −15%)

Net income, FY2026

−100% of revenue

▲ +484% (Loss) vs FY2025 (−$9M, −14%)

Who Do They Compete With?

Competes with Motorola, Inseego, HMD, TCL, Vortex, Tinno, BLU, Sky, Maxwest, Hot Pepper, Netgear, Franklin Wireless, and ZTE

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