Life360, Inc. Announces Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2021
August 25, 2021 at 06:47 pm EDT
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Life360, Inc. announced unaudited consolidated earnings results for the half year ended June 30, 2021. For the half year, the company announced total revenue was USD 48,001,000 compared to USD 37,798,000 a year ago. Loss from operations was USD 10,659,000 compared to USD 7,389,000 a year ago. Net loss and comprehensive loss was USD 10,656,000 compared to USD 7,200,000 a year ago. Net loss per share attributable to common shareholders was USD 0.21 compared to USD 0.15 a year ago.
Life360, Inc. is a provider of technology platform used to locate the people, pets and things that matter to families. The Company has a category at the intersection of family, technology, and safety to help keep families connected and safe. Its products include Life360 Subscription Offerings, Life360 Platform, Tile Product Line, Tile Subscription Offerings, Jiobit Product Line and Jiobit Subscription Offerings. The Life360 mobile application operates under a freemium model where its core offering is available to users. In addition, three paid membership subscription options are available for users looking for a variety of features, such as additional safety features for the everyday family: Life360 Silver, Life360 Gold, and Life360 Platinum, which offer users a comprehensive suite of premium safety services. It offers four key product features that combined make up the Life360 Platform: location coordination and safety, driving safety, digital safety, and emergency assistance.