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10-Q: Q1 2024 Earnings Report

10-Q: Q1 2024 Earnings Report

10-Q:2024財年一季報
美股SEC公告 ·  2024/06/29 04:58

Moomoo AI 已提取核心訊息

FOXO Technologies reported Q1 2024 financial results with total revenue of $7,000 and a net loss of $1.5 million, showing significant improvement from a $7.6 million loss in Q1 2023. Operating expenses decreased 84% to $1.2 million, driven by lower employee costs and reduced consulting fees.The company entered into strategic agreements, including a license agreement with KR8 AI Inc. to develop a Direct-to-Consumer app combining AI technology with FOXO's epigenetic biomarker platform. Additionally, FOXO signed stock exchange agreements with Rennova Health to acquire Myrtle Recovery Centers and Big South Fork Medical Center to enhance its business portfolio.As of March 31, 2024, FOXO had $3,000 in cash and a working capital deficit of $16.8 million. The company secured additional financing through promissory notes and entered into a Securities Purchase Agreement in June 2024 for up to $2.8 million in senior notes to support operations. Management continues to pursue strategic initiatives and capital raising efforts to address liquidity needs.
FOXO Technologies reported Q1 2024 financial results with total revenue of $7,000 and a net loss of $1.5 million, showing significant improvement from a $7.6 million loss in Q1 2023. Operating expenses decreased 84% to $1.2 million, driven by lower employee costs and reduced consulting fees.The company entered into strategic agreements, including a license agreement with KR8 AI Inc. to develop a Direct-to-Consumer app combining AI technology with FOXO's epigenetic biomarker platform. Additionally, FOXO signed stock exchange agreements with Rennova Health to acquire Myrtle Recovery Centers and Big South Fork Medical Center to enhance its business portfolio.As of March 31, 2024, FOXO had $3,000 in cash and a working capital deficit of $16.8 million. The company secured additional financing through promissory notes and entered into a Securities Purchase Agreement in June 2024 for up to $2.8 million in senior notes to support operations. Management continues to pursue strategic initiatives and capital raising efforts to address liquidity needs.
FOXO 科技公司報告了截至 2024 年 3 月 31 日的財務業績,總收入爲 7 美元,較去年同期的 13 美元有所下降。該公司淨虧損爲 1,504 美元,較上一年同期的淨虧損 7,639 美元有所改善。減少的淨虧損主要是由於營業費用的下降,從 7,405 美元降至 1,186 美元,這是由於研發成本、管理持續股票計劃支出和銷售、一般和行政支出的降低推動的。非營業性支出由於利息費用增加而略有增加。公司還認定了一項 656 美元的股票期權的視爲股息。FOXO 科技公司繼續專注於商業化表觀遺傳標誌物科技,暫停銷售新的壽險產品以保護現金。公司的流動性地位仍然令人關注,截至 2024 年 3 月 31 日,現金及現金等價物爲 3 美元,並正在努力獲得額外資金支持。公司未來的計劃包括追求戰略收購,例如提議收購 Rennova 社區健康公司,該收購預計將提供正面的營業性現金流,但無法保證交易完成或成功。
FOXO 科技公司報告了截至 2024 年 3 月 31 日的財務業績,總收入爲 7 美元,較去年同期的 13 美元有所下降。該公司淨虧損爲 1,504 美元,較上一年同期的淨虧損 7,639 美元有所改善。減少的淨虧損主要是由於營業費用的下降,從 7,405 美元降至 1,186 美元,這是由於研發成本、管理持續股票計劃支出和銷售、一般和行政支出的降低推動的。非營業性支出由於利息費用增加而略有增加。公司還認定了一項 656 美元的股票期權的視爲股息。FOXO 科技公司繼續專注於商業化表觀遺傳標誌物科技,暫停銷售新的壽險產品以保護現金。公司的流動性地位仍然令人關注,截至 2024 年 3 月 31 日,現金及現金等價物爲 3 美元,並正在努力獲得額外資金支持。公司未來的計劃包括追求戰略收購,例如提議收購 Rennova 社區健康公司,該收購預計將提供正面的營業性現金流,但無法保證交易完成或成功。
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