FOXO Technologies On Track To Commence Commercial Rollout Of VITHAR AI Health Coach In Early 2024; Reports Anticipated Reduction In Losses In Excess Of $10M For Q3 2023 Compared To The Prior Quarter
Portfolio Pulse from Benzinga Newsdesk
FOXO Technologies Inc. (NYSE:FOXO) is set to begin the commercial rollout of its VITHAR AI Health Coach in early 2024. The company anticipates a reduction in losses exceeding $10 million for Q3 2023 compared to the previous quarter, including operational cost savings of over $2.1 million. Interim CEO Mark White highlighted progress in the VITHAR rollout and plans to use KR8's social media network for marketing. FOXO expects to report annualized cost savings of over 52% for 2023 and aims to maintain a lean operating structure to scale the business and drive profitability post-launch.
December 01, 2023 | 2:08 pm
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FOXO Technologies anticipates a significant reduction in Q3 2023 losses and is preparing for the early 2024 launch of its VITHAR AI Health Coach, with plans to market through KR8's influencer network.
The anticipated reduction in losses and the upcoming launch of a new product are positive indicators for FOXO's financial health and future revenue streams. The use of influencer marketing through KR8's network could enhance the product's visibility and adoption, potentially leading to increased investor interest and a positive short-term impact on the stock price.
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