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Foxo Technologies Inc (A:FOXO)

Business Focus: IT Services & Consulting

Sector:  Technology Industry:  IT Services & Consulting
 
See Regulatory Filings on SEC
Company Contact
Address: 729 Washington Ave. N, Suite 600
MINNEAPOLIS MN 55401
Tel: 1-949-5743860
Website: delwinds.com
IR: See website
Key People
Mark K. White
Interim Chief Executive Officer, Director
Martin C. Ward
Interim Chief Financial Officer
 
Business Overview
FOXO Technologies Inc. is a biotechnology company. The Company is focused on commercializing longevity science through products and services that serve the life insurance industry. Its epigenetic technology applies artificial intelligence (AI) to deoxyribonucleic acid (DNA) methylation to identify molecular biomarkers of human health and aging. The Company operates through two segments: FOXO Labs and FOXO Life. FOXO Labs is commercializing epigenetic biomarker technology to be used for mortality underwriting and risk classification in the global life insurance industry. Its biomarker technology enables the adoption of new saliva-based health and wellness biomarker solutions for underwriting and risk assessment. FOXO Life is redefining the relationship between consumers and insurers by combining life insurance with healthy longevity. FOXO Life seeks to transform the value proposition of the life insurance carrier from a provider of mortality risk protection products.
Financial Overview
For the fiscal year ended 31 December 2023, Foxo Technologies Inc revenues decreased 72% to $145K. Net loss applicable to common stockholders decreased 69% to $29.8M. Revenues reflect FOXO Labs segment decrease of 74% to $126K, FOXO Life segment decrease of 32% to $19K. Lower net loss reflects Non-cash change in fair value of convert decrease from $28.2M (expense) to $0K, Change in fair value of forward purchase decrease from $27.3M (expense) to $0K.