FOXO TECHNOLOGIES INC.
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 15, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Net revenues | $4,051,601 | $145,291 |
| Operating expenses: | ||
| Direct costs of revenue | 2,484,361 | 132,428 |
| Research and development | 312,267 | 900,431 |
| Management contingent share plan net of forfeitures | (56,231) | (732,227) |
| Impairments of intangible assets and cloud computing arrangements | 1,847,994 | 2,632,677 |
| Selling, general and administrative | 7,225,124 | 19,399,603 |
| Total operating expenses | 11,813,515 | 22,332,912 |
| Loss from operations | (7,761,914) | (22,187,621) |
| Change in fair value of warrant liabilities | (32,425) | 302,541 |
| Loss from PIK Note Amendment and 2022 Debenture Release | - | (3,520,609) |
| Interest expense | (3,910,340) | (1,063,679) |
| Loss from extinguishments of debt | (428,295) | - |
| Other non-operating (expense) income, net | (287,988) | 18,832 |
| Total non-operating expenses | (4,659,048) | (4,262,915) |
| Loss before income taxes | (12,420,962) | (26,450,536) |
| Provision for income taxes | - | - |
| Net loss, including noncontrolling interest | (12,420,962) | (26,450,536) |
| Noncontrolling interest | 14,573 | - |
| Net loss attributable to FOXO | (12,406,389) | (26,450,536) |
| Deemed dividends related to preferred stock, the extension of and triggers of down round provisions of Assumed Warrants and the Exchange Offer | (1,073,993) | (3,378,834) |
| Net loss to common stockholders | (13,480,382) | (29,829,370) |
| Preferred stock dividends – undeclared | (81,326) | - |
| Net loss to common stockholders, net of preferred stock dividends – undeclared | $(13,561,708) | $(29,829,370) |
| Net loss per share of Class A Common Stock, basic and diluted | $(0.93) | $(7.08) |
| Weighted average number of shares of Class A Common Stock, basic and diluted | 14,612,052 | 4,215,991 |
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