How did FOXO's revenue and expenses shift in Q3 2024?

FOXO Technologies experienced a decline in revenue and various expenses in Q3 2024 compared to the previous quarter: 1. **Revenue Decline**: The company's total revenue decreased to $1.2 million in Q3 2024, down from the previous quarter's revenue of $1.73 million. This represents a significant drop of approximately 30.4%. 2. **Cost of Goods Sold (COGS) Reduction**: The cost of goods sold (COGS) also decreased, with FOXO reporting a COGS of $541,000 in Q3 2024, down from the previous quarter's COGS of $571,000. This indicates a reduction in the cost of manufacturing or acquiring the goods sold during the period. 3. **Operating Expenses and R&D Expenses**: The company's operating expenses remained relatively stable at $43,000 in Q3 2024, which is similar to the previous quarter's expenses. However, the research and development (R&D) expenses increased to $43,000 in Q3 2024, up from the previous quarter's R&D expenses of $40,000. This suggests that FOXO may be investing more in R&D activities. 4. **Selling, General, and Administrative (SG&A) Expenses**: The SG&A expenses increased to $1.73 million in Q3 2024, up from the previous quarter's SG&A expenses of $1.6 million. This indicates that FOXO may be investing more in selling and administrative activities to improve its market position or to counterbalance the revenue decline. |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Total Revenue|Operating Expenses|market_code| |---|---|---|---|---|---|---|---|---| |FOXO|FOXO.A|FOXO Technologies|2023 Q4|1.9384551E10|8.99506E8|1.45256E8||170| |FOXO|FOXO.A|FOXO Technologies|2024 Q1|1021000|165000|7000||170| |FOXO|FOXO.A|FOXO Technologies|2024 Q2|1474000|104000|28000||170| |FOXO|FOXO.A|FOXO Technologies|2024 Q3|1733000|43000|1196000||170|