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FOXO Technologies™ Announces Full Year 2022 Financial Results and Recent Business Highlights

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FOXO Technologies Inc. (NYSEAM: FOXO) reported financial results for the full year 2022, emphasizing a strategic reassessment to optimize its life insurance offerings through epigenetic science. Interim CEO Tyler Danielson highlighted efforts to realign operations and reduce costs, increasing access to liquidity after selling a non-core regulated insurance entity for over $4.7 million. The company has initiated sales of the FOXO Longevity Report™ in partnership with life insurance products and established relationships with over 3,000 independent agents. A conference call scheduled for March 30, 2023, will discuss these results.

Positive
  • Increased access to liquidity through the sale of a non-core asset for over $4.7 million.
  • Established partnerships with five distribution partners reaching 3,000 independent agents.
  • Initiated sales of the FOXO Longevity Report™ in life insurance.
Negative
  • None.

MINNEAPOLIS--(BUSINESS WIRE)-- FOXO Technologies Inc. (NYSEAM: FOXO) (“FOXO” or the “Company”), a leader in commercializing epigenetic biomarkers of health and aging in life insurance, today reported financial results for the full year ended December 31, 2022 and accompanying business highlights.

“I am truly excited with the future we are building,” said Tyler Danielson, interim CEO and Chief Technology Officer of FOXO. “The challenges faced in 2022 presented us with an opportunity to take a comprehensive assessment of our business and the way we approach the market. We sought to reset our vision and mission, and identify the clear objectives that we believe are necessary to achieve them and hold ourselves accountable. Our aim is to improve and optimize human health span and lifespan by changing how life insurance companies sell and underwrite their products through the application of epigenetic science. We are on our way. We have begun selling our FOXO Longevity Report™ partnered with life insurance products and are seeking additional ways to apply epigenetic science to new and innovative products. We have realigned our workflows, eliminating much of our non-core activities, and streamlined our cost structure to preserve capital. Additionally, we have gained access to capital through the disposition of our non-core regulated insurance entity. Our strategy to create and sell products that revolutionize life insurance by leveraging epigenetics and artificial intelligence is now established. We have a great team in place with the energy, dedication, and technical background to achieve our goals and deliver stockholder value.”

Recent Business Highlights and Operational Developments

  • FOXO completed its strategic review of business operations, streamlined its processes, enhanced its focus on product delivery, completed a cost reduction plan, and increased its access to liquidity.
  • FOXO Life has recruited and contracted five distribution partner relationships reaching over 3,000 independent insurance agents to sell “Life Insurance Designed to Keep You Alive.”
  • FOXO mutually agreed to terminate its common stock purchase agreement with an institutional investor on November 8, 2022, and mutually agreed to terminate its forward share purchase agreement with another institutional investor on November 11, 2022. Neither termination carried any cash consequences.
  • FOXO has improved its cash position through the sale of FOXO Life Insurance Company, a non-core asset, gaining access to $4,751,407 that was previously held as statutory capital and surplus.

Conference Call and Webcast

FOXO will host a conference call and webcast today, March 30, 2023 at 3:15 p.m. Central Time to discuss full year 2022 results and recent business highlights.

The call can be accessed via webcast on the investors section of the Company’s website at www.foxotechnologies.com/investors or by dialing (888) 770-7136 and referencing conference ID 4335886. Participants are encouraged to call in 10 to 15 minutes prior to the scheduled start time.

The webcast will be made available for replay on the Company’s website beginning approximately two hours after the event.

About FOXO Technologies Inc. (“FOXO”)

FOXO is a technology platform company focused on commercializing longevity science through products and services that serve the life insurance industry. FOXO's epigenetic technology applies AI to DNA methylation to identify molecular biomarkers of human health and aging. FOXO seeks to modernize the life insurance industry by simplifying the consumer underwriting journey with saliva-based biomarkers and enhancing life insurance’s consumer value proposition with the FOXO Longevity Report™. For more information about FOXO, visit www.foxotechnologies.com. For more information about FOXO LIFE, visit www.foxolife.com. For investor information and updates, visit https://foxotechnologies.com/investors/.

Forward-Looking Statements

This press release contains certain forward-looking statements for purposes of the “safe harbor” provisions under the United States Private Securities Litigation Reform Act of 1995. Any statements other than statements of historical fact contained herein, including statements as to future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of FOXO, market size and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Such forward-looking statements include, but not limited to, expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding FOXO and the future held by the management team of FOXO, the future financial condition and performance of FOXO and the products and markets and expected future performance and market opportunities of FOXO. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “could,” “expect,” “estimate,” “future,” “intend,” “strategy,” “may,” “might,” “strategy,” “opportunity,” “plan,” project,” “possible,” “potential,” “project,” “predict,” “scales,” “representative of,” “valuation,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk of changes in the competitive and highly regulated industries in which FOXO operates, variations in operating performance across competitors or changes in laws and regulations affecting FOXO’s business, (ii) the ability to implement FOXO’s business plans, forecasts, and other expectations, (iii) the ability to obtain financing if needed, (iv) the ability to maintain its NYSE American listing, (v) the risk that FOXO has a history of losses and may not achieve or maintain profitability in the future, (vi) potential inability of FOXO to establish or maintain relationships required to advance its goals or to achieve its commercialization and development plans, (vii) the enforceability of FOXO’s intellectual property, including its patents and the potential infringement on the intellectual property rights of others, and (viii) the risk of downturns and a changing regulatory landscape in the highly competitive biotechnology industry or in the markets or industries in which FOXO’s prospective customers operate, including the highly regulated insurance industry. The foregoing list of factors is not exhaustive. Readers should carefully consider the foregoing factors and the other risks and uncertainties discussed in FOXO’s most recent reports on Forms 10-K and 10-Q, particularly the “Risk Factors” sections of those reports, and in other documents FOXO has filed, or will file, with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FOXO assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Explanatory Notes on Use of Non-GAAP Measures

To supplement our financial information presented in accordance with U.S. GAAP, management periodically uses certain “non-GAAP financial measures,” as such term is defined under the rules of the SEC, to clarify and enhance understanding of past performance and prospects for the future. Generally, a non-GAAP financial measure is a numerical measure of a company’s operating performance, financial position or cash flows that excludes or includes amounts that are included in or excluded from the most directly comparable measure calculated and presented in accordance with U.S. GAAP. For example, non-GAAP measures may exclude the impact of certain items such as acquisitions, divestitures, gains, losses and impairments, or items outside of management’s control. Management believes that the following non-GAAP financial measure provides investors and analysts useful insight into our financial position and operating performance. Any non-GAAP measure provided should be viewed in addition to, and not as an alternative to, the most directly comparable measure determined in accordance with U.S. GAAP. Further, the calculation of these non-GAAP financial measures may differ from the calculation of similarly titled financial measures presented by other companies and therefore may not be comparable among companies.

We use Adjusted EBITDA to evaluate our operating performance. Adjusted EBITDA does not represent and should not be considered an alternative to net income as determined by U.S. GAAP, and our calculations thereof may not be comparable to those reported by other companies. We believe Adjusted EBITDA is an important measure of operating performance and provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on U.S. GAAP measures and because it eliminates items that have less bearing on our operating performance. Adjusted EBITDA, as presented herein, is a supplemental measure of our performance that is not required by, or presented in accordance with, U.S. GAAP. We use non-GAAP financial measures as supplements to our U.S. GAAP results in order to provide a more complete understanding of the factors and trends affecting our business. Adjusted EBITDA is a measure of operating performance that is not defined by U.S. GAAP and should not be considered a substitute for net (loss) income as determined in accordance with U.S. GAAP.

We reconcile our non-GAAP financial measure to our net loss, which is its most directly comparable financial measure calculated and presented in accordance with U.S. GAAP. Our management uses Adjusted EBITDA as a financial measure to evaluate the profitability and efficiency of our business model. Adjusted EBITDA is not presented in accordance with U.S. GAAP. Adjusted EBITDA includes adjustments for provision for income taxes, as applicable, interest income and expense, depreciation and amortization, equity-based compensation, and certain other infrequent and/or unpredictable non-cash charges or benefits, such as impairment, changes in fair value of convertible debentures, changes in fair value of warrant liabilities, and expenses related to the forward purchase agreement.

FOXO TECHNOLOGIES INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Dollars in thousands, except per share data)

 

 

December 31,

 

December 31,

 

2022

 

 

2021

 

Assets

 

 

 

 

Current assets

 

 

 

 

 

Cash and cash equivalents

$

5,515

 

 

$

6,856

 

Supplies

 

1,313

 

 

 

295

 

Prepaid expenses

 

2,686

 

 

 

444

 

Prepaid consulting fees

 

2,676

 

 

 

-

 

Other current assets

 

114

 

 

 

23

 

Total current assets

 

12,304

 

 

 

7,618

 

 

 

 

 

 

 

Intangible assets

 

2,043

 

 

 

191

 

Reinsurance recoverables

 

18,573

 

 

 

19,463

 

Cloud computing arrangements

 

2,225

 

 

 

2,745

 

Other assets

 

263

 

 

 

287

 

Total assets

$

35,408

 

 

$

30,304

 

 

 

 

 

 

 

Liabilities and Stockholders' Equity

 

 

 

 

 

Current liabilities

 

 

 

 

 

Accounts payable

$

3,466

 

 

$

3,456

 

Related party payable

 

500

 

 

 

-

 

PIK Notes

 

1,409

 

 

 

-

 

Accrued severance

 

1,045

 

 

 

-

 

Accrued and other liabilities

 

493

 

 

 

402

 

Related party convertible debentures

 

-

 

 

 

9,967

 

Convertible debentures

 

-

 

 

 

22,236

 

Total current liabilities

 

6,913

 

 

 

36,061

 

Warrant liability

 

311

 

 

 

-

 

PIK Notes

 

1,730

 

 

 

-

 

Policy reserves

 

18,573

 

 

 

19,463

 

Other liabilities

 

1,173

 

 

 

-

 

Total liabilities

 

28,700

 

 

 

55,524

 

Commitments and contingencies (Note 13)

 

 

 

 

 

Stockholders' equity (deficit)

 

 

 

 

 

Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued or outstanding as of December 31, 2022

 

-

 

 

 

-

 

Class A common stock, $0.0001 par value, 500,000,000 shares authorized, 29,669,830 issued, and 27,529,069 outstanding as of December 31, 2022

 

3

 

 

 

-

 

Treasury stock, at cost, 2,140,761 as of December 31, 2022

 

-

 

 

 

-

 

Undesignated preferred stock, $.00001 par value; 90,000,000 shares authorized, none issued and outstanding as of December 31, 2021

 

-

 

 

 

-

 

Non-redeemable preferred stock series A, $.00001 par value; 10,000,000 shares authorized, 8,000,000 shares issued and outstanding as of December 31, 2021

 

-

 

 

 

21,854

 

Common stock class A, $.00001 par value; 800,000,000 shares authorized; 30,208 shares issued and outstanding as of December 31, 2021

 

-

 

 

 

-

 

Common stock class B, $.00001 par value, 100,000,000 shares authorized; 2,000,000 shares issued and outstanding as of December 31, 2021

 

-

 

 

 

-

 

Additional paid-in capital

 

153,936

 

 

 

4,902

 

Accumulated deficit

 

(147,231

)

 

 

(51,976

)

Total stockholders' equity (deficit)

 

6,708

 

 

 

(25,220

)

Total Liabilities and Stockholders' Equity (Deficit)

$

35,408

 

 

$

30,304

 

FOXO TECHNOLOGIES INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except per share data)

 

 

Year Ended
December 31,

 

2022

 

 

2021

 

Total revenue

$

511

 

 

$

120

 

Cost of sales

 

344

 

 

 

-

 

Gross profit

 

167

 

 

 

120

 

Operating expenses:

 

 

 

 

 

Research and development

 

3,047

 

 

 

4,879

 

Management contingent share plan

 

10,091

 

 

 

-

 

Selling, general and administrative

 

27,196

 

 

 

10,272

 

Total operating expenses

 

40,334

 

 

 

15,151

 

Loss from operations

 

(40,167

)

 

 

(15,031

)

Non-cash change in fair value of convertible debentures

 

(28,180

)

 

 

(21,703

)

Change in fair value of warrant liability

 

2,076

 

 

 

-

 

Forward purchase agreement expense

 

(27,337

)

 

 

-

 

Interest expense

 

(1,440

)

 

 

(1,118

)

Investment impairment

 

-

 

 

 

(400

)

Other expense

 

(207

)

 

 

(236

)

Total non-operating expense

 

(55,088

)

 

 

(23,457

)

Loss before income taxes

 

(95,255

)

 

 

(38,488

)

Provision for income taxes

 

-

 

 

 

-

 

Net loss

$

(95,255

)

 

$

(38,488

)

 

 

 

 

 

 

Net loss per Class A common stock, basic and diluted

$

(8.40

)

 

$

(6.61

)

FOXO TECHNOLOGIES INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

(Dollars in thousands)

   
FOXO Technologies Operating Company FOXO Technologies Inc.
Stockholder Subscription Receivable Series A Preferred Stock Common Stock (Class A) Common Stock (Class B) Common Stock (Class A) Treasury Stock Additional Paid-in-Capital Accumulated Deficit Total
Shares Amount Shares Amount Shares Amount Shares   Amount Shares
Balance, December 31, 2020 $

(3,750

)

8,000,000

 

$

21,854

 

-

 

$

-

2,000,000

 

$

-

-

  $

-

-

 

$

4,104

 

$

(13,488

)

$

8,720

 

Net loss

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

-

 

(38,488

)

(38,488

)

Lease contributions

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

547

 

-

 

547

 

Equity-based compensation

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

238

 

-

 

238

 

Subscriptions received

3,750

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

-

 

-

 

3,750

 

Warrants issued

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

13

 

-

 

13

 

Issuance of shares for restricted stock

-

 

-

 

-

 

30,000

 

-

 

-

-

 

-

-

 

-

 

-

 

-

 

Issuance of shares for exercised stock options

-

 

-

 

-

 

208

 

-

-

 

-

-

 

-

-

 

-

 

-

 

-

 

Balance, December 31, 2021 $

-

 

8,000,000

 

$

21,854

 

30,208

 

$

-

2,000,000

 

$

-

-

  $

-

-

 

$

4,902

 

$

(51,976

)

$

(25,220

)

   
Balance, December 31, 2021 $

-

 

8,000,000

 

$

21,854

 

30,208

 

$

-

2,000,000

 

$

-

-

  $

-

-

 

$

4,902

 

$

(51,976

)

$

(25,220

)

Activity prior to the business combination:  
Net loss

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

-

 

(45,437

)

(45,437

)

Lease contributions

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

225

 

-

 

225

 

Equity-based compensation

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

716

 

-

 

716

 

Warrant repurchase

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

(507

)

-

 

(507

)

Issuance of shares for exercised stock options

-

 

-

 

-

 

14,946

 

-

-

 

-

-

 

-

-

 

-

 

-

 

-

 

Issuance of shares for consulting agreement

-

 

-

 

-

 

1,500,000

 

-

-

 

-

-

 

-

-

 

6,900

 

-

 

6,900

 

Effects of the business combination:  

-

 

-

 

Conversion of Series A Preferred Stock

-

 

(8,000,000

)

(21,854

)

8,000,000

 

-

-

 

-

-

 

-

-

 

21,854

 

-

 

-

 

Conversion of Bridge Loans

-

 

-

 

-

 

15,172,729

 

-

-

 

-

-

 

-

-

 

88,975

 

-

 

88,975

 

Conversion of Class B Common Stock

-

 

-

 

-

 

2,000,000

 

-

(2,000,000

)

-

-

 

-

-

 

-

 

-

 

-

 

Conversion of existing Class A Common Stock

-

 

-

 

(26,717,883

)

-

-

 

-

15,518,705

 

1

-

 

-

 

1

 

Reverse recapitalization

-

 

-

 

-

 

-

 

-

-

 

-

8,143,649

 

1

-

 

19,688

 

-

 

19,689

 

Activity after the business combination:  

-

 

Net loss

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

-

 

-

 

(49,818

)

(49,818

)

Equity-based compensation

-

 

-

 

-

 

-

 

-

-

 

-

5,517,000

 

1

-

 

10,363

 

-

 

10,364

 

Cantor Commitment Fee

-

 

-

 

-

 

-

 

-

-

 

-

190,476

 

-

-

 

1,600

 

-

 

1,600

 

Vendor share issuance

300,000

 

-

-

 

376

 

376

 

Share repurchase and forward purchase agreement settlement

-

 

-

 

-

 

-

 

-

-

 

-

-

 

-

(2,140,761

)

(1,156

)

-

 

(1,156

)

Balance, December 31, 2022 $

-

 

-

 

$

-

 

-

 

$

-

-

 

$

-

29,669,830

  $

3

(2,140,761

)

$

153,936

 

$

(147,231

)

$

6,708

 

FOXO TECHNOLOGIES INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

 

 

 

Year Ended
December 31,

 

2022

 

 

2021

 

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

Net loss

$

(95,255

)

 

$

(38,488

)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

Depreciation and amortization

 

1,487

 

 

 

98

 

Impairment charges

 

1,370

 

 

 

400

 

Equity-based compensation

 

11,035

 

 

 

131

 

Cantor commitment fee paid in common stock

 

1,600

 

 

 

-

 

Loss on settlement of the forward purchase agreement paid in common stock

 

270

 

 

 

-

 

Release of forward purchase agreement collateral upon cancellation

 

26,773

 

 

 

-

 

Vendor share issuance paid in common stock

 

376

 

 

 

-

 

Amortization of consulting fees paid in common stock

 

4,679

 

 

 

-

 

Change in fair value of convertible debentures

 

28,180

 

 

 

21,703

 

Change in fair value of warrants

 

(2,076

)

 

 

-

 

Conversion of accrued interest

 

593

 

 

 

-

 

PIK interest

 

130

 

 

 

-

 

Amortization of debt issuance costs

 

91

 

 

 

-

 

Contributions in the form of rent payments

 

225

 

 

 

547

 

Amortization of right-of-use assets

 

28

 

 

 

-

 

Accretion of operating lease liabilities

 

(28

)

 

 

-

 

Recognition of prepaid offering costs upon election of fair value option

 

107

 

 

 

-

 

Accretion of interest earned on investment in convertible promissory note

 

-

 

 

 

(32

)

Other

 

6

 

 

 

14

 

Changes in operating assets and liabilities:

 

 

 

 

 

Supplies

 

(1,018

)

 

 

(295

)

Prepaid expenses and consulting fees

 

(2,832

)

 

 

117

 

Other current assets

 

(91

)

 

 

(6

)

Other assets

 

(100

)

 

 

-

 

Cloud computing arrangements

 

(1,773

)

 

 

(2,488

)

Reinsurance recoverables

 

890

 

 

 

305

 

Accounts payable

 

127

 

 

 

3,090

 

Accrued and other liabilities

 

2,336

 

 

 

154

 

Policy reserves

 

(890

)

 

 

(305

)

Net cash used in operating activities

 

(23,760

)

 

 

(15,055

)

CASH FLOWS FROM INVESTING ACTIVITIES:

 

 

 

 

 

Purchase of property and equipment

 

(110

)

 

 

(118

)

Asset acquisition, net of cash acquired

 

-

 

 

 

(63

)

Development of internal use software

 

(1,760

)

 

 

(124

)

Acquisition of convertible promissory note

 

-

 

 

 

(50

)

Net cash used in investing activities

 

(1,870

)

 

 

(355

)

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

 

 

Proceeds from issuance of related party convertible debentures

 

-

 

 

 

3,250

 

Proceeds from issuance of convertible debentures

 

28,000

 

 

 

7,250

 

Warrant repurchase

 

(507

)

 

 

-

 

Senior PIK Notes proceeds

 

3,458

 

 

 

-

 

Reverse recapitalization proceeds

 

23,237

 

 

 

-

 

Forward purchase agreement

 

(30,561

)

 

 

-

 

Forward purchase agreement collateral release

 

2,362

 

 

 

-

 

Deferred offering costs

 

(540

)

 

 

(107

)

Related party promissory note

 

(1,160

)

 

 

-

 

Proceeds received from stockholder subscription receivable

 

-

 

 

 

3,750

 

Net cash provided by financing activities

 

24,289

 

 

 

14,143

 

Net increase in cash and cash equivalents

 

(1,341

)

 

 

(1,267

)

Cash and cash equivalents at beginning of period

 

6,856

 

 

 

8,123

 

Cash and cash equivalents at end of period

$

5,515

 

 

$

6,856

 

 

 

 

 

 

 

NONCASH INVESTING AND FINANCING ACTIVITIES:

 

 

 

 

 

Conversion of phantom equity to stock options

$

-

 

 

$

54

 

Issuance of warrants

$

-

 

 

$

1

 

Conversion of debt

$

88,382

 

 

$

-

 

Conversion of preferred stock

$

21,854

 

 

$

-

 

Accrued internal use software

$

239

 

 

$

-

 

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

 

 

 

 

 

Cash paid for interest, net of amounts capitalized

$

1,219

 

 

$

1,131

 

FOXO TECHNOLOGIES INC. AND SUBSIDIARIES

Reconciliation of net loss to adjusted EBTIDA (unaudited)

(Dollars in thousands)

 

 

 

For the year ended
December 31,

 

 

 

2022

 

 

2021

 

Net loss

 

$

(95,255

)

 

$

(38,488

)

Add: Depreciation and amortization

 

 

1,487

 

 

 

98

 

Add: Interest expense

 

 

1,440

 

 

 

1,118

 

Add: Equity-based compensation

 

 

17,689

 

 

 

131

 

Add: Non-cash change in fair value of convertible debentures

 

 

28,180

 

 

 

21,703

 

Add: Change in fair value of warrant liability

 

 

(2,076

)

 

 

-

 

Add: Impairment charges

 

 

1,370

 

 

 

400

 

Add: Forward purchase agreement expense

 

 

27,337

 

 

 

-

 

Adjusted EBITDA

 

$

(19,828

)

 

$

(15,038

)

 

Contacts / Investor Relations

Cody Slach, Matthew Hausch

Gateway Investor Relations

(949) 574-3860

FOXO@gatewayir.com

Source: FOXO Technologies Inc.

FAQ

What were FOXO Technologies' financial results for 2022?

FOXO Technologies reported its financial results for the full year 2022, focusing on strategic changes and liquidity improvements.

How did FOXO Technologies enhance its business operations?

FOXO completed a strategic review, streamlined processes, and executed a cost reduction plan to optimize operations.

What is the FOXO Longevity Report™?

The FOXO Longevity Report™ is a product designed to integrate epigenetic science into life insurance offerings.

When will FOXO Technologies discuss its 2022 results?

FOXO will host a conference call on March 30, 2023, at 3:15 p.m. Central Time to discuss its financial results.

FOXO Technologies Inc.

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