FOXO TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Jun 6, 2024.
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FY2023 · Filed Jun 6, 2024
FOXO$0.13+19.2%Stored close · as of Jul 8, 2026
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Consolidated Statements of Operations
Foxo Technologies INc. and subsidiaries
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Total revenue | $145 | $511 |
| Cost of sales | 132 | 344 |
| Gross profit | 13 | 167 |
| Operating expenses: | ||
| Research and development | 901 | 3,047 |
| Management contingent share plan | (732) | 10,091 |
| Impairments of intangible assets and cloud computing arrangements | 2,633 | 1,370 |
| Selling, general and administrative | 19,399 | 25,826 |
| Total operating expenses | 22,201 | 40,334 |
| Loss from operations | (22,188) | (40,167) |
| Non-cash change in fair value of convertible debentures | - | (28,180) |
| Change in fair value of warrant liabilities | 303 | 2,076 |
| Loss from PIK Note Amendment and 2022 Debenture Release | (3,521) | - |
| Forward purchase agreement expense | - | (27,337) |
| Interest expense | (1,064) | (1,440) |
| Other income (expense), net | 19 | (207) |
| Total non-operating expense | (4,263) | (55,088) |
| Loss before income taxes | (26,451) | (95,255) |
| Provision for income taxes | - | - |
| Net loss | (26,451) | (95,255) |
| Deemed dividends related to the Exchange Offer and trigger of down round provisions of Assumed Warrants | (3,378) | - |
| Net loss to common stockholders | $(29,829) | $(95,255) |
| Net loss per Class A Common Stock, basic and diluted | $(7.08) | $(84.00) |
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