FOXF Latest Report
1min read Performance of this financial report
Fox Factory Holdings (FOXF) had a total operating revenue of RMB352,837,000 in January 2025, without the previous data for comparison, but combined with the market environment, cost structure, and expense situation, a preliminary speculation can be made on its future revenue changes.
Key data in the financial report
1. The main source of revenue is the main business, and the market demand and product sales need to be paid attention to.
2. The sales cost is RMB250,861,000, the gross profit is RMB101,976,000, and the gross margin is relatively low, which may affect the future profitability.
3. The R&D expenses and sales management expenses are high, at RMB14,983,000 and RMB75,590,000 respectively, which may put pressure on net profit and revenue growth potential.
4. The industry competition is fierce, and the price pressure may have a negative impact on the growth of operating revenue.
5. The overall market demand is driven by the cycling boom, especially in the Chinese market, where consumer demand is becoming more diversified.
Peer comparison
1. Industry overall analysis: The operating revenue of fox factory holdings is significantly affected by macroeconomics and industry policies. If the overall industry grows, the company's revenue is expected to benefit; otherwise, it may face a decline.
2. Peer evaluation analysis: If the operating revenues of other companies in the same industry generally increase, while Fox's revenue remains flat or decreases, it indicates that its market competitiveness may be declining.
Summary
Fox Factory Holdings has a certain growth potential in operating revenue, affected by overall market demand, product diversification, and internal management. However, the low gross margin and high expense structure may limit its net profit growth.
Opportunities
1. The market demand is expected to continue to grow under the driving of the cycling boom, especially in the Chinese market.
2. The company plans to acquire Wheelhouse Holdings Inc., which will enhance market competitiveness and product lines.
3. New product releases and market expansion plans are expected in 2025 to achieve sales growth targets.
Risks
1. Intense industry competition may lead to price pressure and a decrease in operating revenue.
2. High R&D and sales management expenses may affect the company's competitiveness in the market.
3. If market demand fails to continue to grow, it may have a negative impact on the company's operating revenue and profitability.