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FOXO Technologies Inc. - FOXO STOCK NEWS

Welcome to our dedicated page for FOXO Technologies news (Ticker: FOXO), a resource for investors and traders seeking the latest updates and insights on FOXO Technologies stock.

FOXO Technologies Inc. (symbol: FOXO) is leading the charge in transforming the global longevity and life insurance industries through cutting-edge epigenetic technology and AI-driven solutions. Founded under the names Yousurance and Life Epigenetics, the company has redefined how we understand and measure health and aging.

FOXO’s core business revolves around commercializing longevity science by utilizing epigenetic biomarkers to assess the biological age and health status of individuals. This revolutionary approach not only impacts life insurance underwriting protocols but also engages consumers directly through an advanced platform.

With a focus on DNA methylation, FOXO leverages supervised machine learning and artificial intelligence to pinpoint molecular signs of aging and health conditions. This enables more accurate risk assessment and personalized health insights, setting new standards in the insurance sector.

Recent achievements include groundbreaking advancements in epigenetic research and the integration of AI to enhance the precision of health evaluations. The company's current projects aim to further refine these technologies and expand their application range, ensuring they remain at the forefront of innovation in their field.

Financially, FOXO Technologies Inc. is committed to sustained growth and solidifying its market presence through strategic partnerships and continual investment in research and development. Their collaborations with leading scientific institutions and industry partners underscore their commitment to excellence and innovation.

Stay updated with the latest news and developments to see how FOXO Technologies Inc. continues to shape the future of longevity and health insurance.

News

FOXO Technologies On Track to Commence Commercial Rollout of VITHAR™ AI Health Coach in Early 2024

Rhea-AI Summary
FOXO Technologies Inc. (NYSE American: FOXO) expects a reduction in losses of over $10 million for the third quarter of 2023 compared to the prior quarter. The company provided a business update on the planned commercial rollout of its new direct-to-consumer (DTC) app, the VITHAR™ AI Health Coach, and anticipates reporting financial results for the three and nine months ended September 30, 2023. The reduction in losses includes cash operational cost reductions in excess of $2.1 million over the second quarter of 2023. The company also plans to leverage social media influencers to enhance the commercial launch of the VITHAR AI Health Coach and expects annualized cost savings in excess of 52% for 2023, aiming to maintain a lean operating infrastructure to drive profitability following the commercial launch.
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FOXO Technologies Receives Notice from NYSE American Regarding Late Filing of Quarterly Report on Form 10-Q

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FOXO Technologies Inc. (NYSE American: FOXO) received a notice from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of the NYSE American due to the delayed filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023. The Company has a six-month initial cure period to file the Form 10-Q with the SEC, with the possibility of an additional six-month cure period if needed.
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FOXO Technologies Provides Reminder for Webinar to be Held Today, November 10th at 10 AM Eastern Time, to Unveil VITHAR™ AI Health Coach

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FOXO Technologies Inc. (NYSE American: FOXO) announces a webinar to unveil its new direct-to-consumer app, the VITHAR™ AI Health Coach, designed to combine health and epigenetic data for actionable insights and coaching.
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FOXO Technologies to Unveil VITHAR™ AI Health Coach; Schedules Webinar for Friday, November 10th at 10 AM Eastern Time

Rhea-AI Summary
FOXO Technologies Inc. (NYSE American: FOXO) announced a webinar on November 10, 2023, to introduce its new direct-to-consumer (DTC) app, the VITHAR™ AI Health Coach, which will leverage epigenetic data and algorithms to provide personalized health insights and coaching. The app aims to improve user's overall health and longevity.
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FOXO Technologies Expects Class A Common Stock to Resume Trading, Today, November 7, in Connection with 1-for-10 Reverse Stock Split

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FOXO Technologies Inc. (NYSE American: FOXO) is set to resume trading after a 1-for-10 reverse stock split to comply with NYSE American Company Guide. The company plans to drive commercialization through a new direct-to-consumer offering in partnership with KR8.ai.
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FOXO Technologies Unveils Plans for New Direct-to Consumer Offering Combining the Company’s Epigenetic Data with the Power of AI

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FOXO Technologies Inc. plans to launch a new subscription-based, direct-to-consumer product offering that provides personalized health and wellness recommendations. The offering will combine FOXO's machine learning models, epigenetic biomarkers, and clinical data. The company has formed a collaboration with KR8.ai Inc. and secured an exclusive license to KR8's AI-based software to support the development and launch of the new offering.
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FOXO Technologies Inc. Announces Reverse Stock Split

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FOXO Technologies Inc. announces a 1-for-10 reverse stock split of its Class A common stock. The split will become effective on November 6, 2023, and trading on a split-adjusted basis will begin on November 7, 2023. The reverse stock split was approved by stockholders at the 2023 Annual Meeting.
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FOXO Technologies Completes Strategic Alternatives Review and Outlines Latest Progress Executing Corporate Strategy

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FOXO Technologies Inc. announces completion of strategic review and provides business update on progress and plans. The new management team has initiated a significant restructuring of the business, including reducing headcount expenses by approximately 65% and divesting certain assets. The company is leveraging new AI technologies to enhance efficiency and drive a new direct-to-consumer go-to-market strategy. They have been granted two key patents that will be integrated into their new consumer-focused health and wellness offering.
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FOXO Technologies Announces Issue Notification from USPTO for a Patent Leveraging Machine Learning Approaches to Enable the Commercialization of Epigenetic Biomarkers

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FOXO Technologies receives Issue Notification for key patent utilizing machine learning model to determine biochemical state and medical condition using DNA epigenetic data.
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FOXO Technologies™ Interim CEO Mark White Provides Letter to Shareholders Outlining New AI-Enabled Direct-to-Consumer Strategy and Immediate Expense Reductions

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FOXO Technologies Inc. provides a letter to shareholders from the newly appointed interim CEO, Mark White, outlining the new direction for the company. The focus is on driving value through a more cost-effective go-to-market strategy, including a subscription-based app and AI technologies. The company is also exploring strategic alternatives and implementing initiatives to streamline costs and enhance the balance sheet.
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FAQ

What is the current stock price of FOXO Technologies (FOXO)?

The current stock price of FOXO Technologies (FOXO) is $0.2483 as of December 24, 2024.

What is the market cap of FOXO Technologies (FOXO)?

The market cap of FOXO Technologies (FOXO) is approximately 4.3M.

What does FOXO Technologies Inc. specialize in?

FOXO Technologies Inc. specializes in applying epigenetic technology and AI to transform the life insurance industry through advanced risk assessment and consumer engagement.

How does FOXO's technology work?

FOXO uses DNA methylation and AI to identify molecular biomarkers that reveal insights into an individual's health and aging, allowing for more accurate underwriting in life insurance.

What are epigenetic biomarkers?

Epigenetic biomarkers are molecular signs found in DNA that indicate current health status and biological age, which FOXO utilizes to enhance life insurance underwriting.

How is FOXO Technologies Inc. impacting the life insurance industry?

By employing epigenetic technology and AI, FOXO is revolutionizing life insurance underwriting, making it more precise and personalized.

What are some recent achievements of FOXO Technologies Inc.?

Recent milestones include advancements in epigenetic research, development of AI-driven health assessments, and strategic partnerships to enhance their technology platform.

What is FOXO Technologies Inc.’s approach to consumer engagement?

FOXO engages consumers through a platform that provides personalized health insights based on epigenetic biomarkers, enhancing their understanding of personal health and longevity.

Who are FOXO Technologies Inc.'s partners?

FOXO collaborates with leading scientific institutions and industry partners to advance their research and technology applications in the life insurance sector.

What is DNA methylation?

DNA methylation is a biological process where methyl groups are added to DNA, affecting gene expression without altering the DNA sequence. FOXO uses this process to identify health biomarkers.

Where is FOXO Technologies Inc. headquartered?

FOXO Technologies Inc. is headquartered in Minneapolis, as indicated in their latest news release.

What is the future outlook for FOXO Technologies Inc.?

FOXO is focused on continued innovation in epigenetic technology and AI, aiming for sustained growth and expanded applications in the life insurance industry.

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FOXO Technologies Inc.

NYSE:FOXO

FOXO Rankings

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FOXO Stock Data

4.34M
14.12M
12%
2.26%
0.39%
Health Information Services
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United States of America
MINNEAPOLIS