Life360, Inc. Announces Unaudited Earnings Results for the Six Months Ended June 30, 2019
August 21, 2019 at 06:35 pm EDT
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Life360, Inc. announced unaudited earnings results for the six months ended June 30, 2019. For the period, the company reported total revenue of AUD 24,597,000 against AUD 11,509,000 for the same period last year. Loss from operations was AUD 16,672,000 against AUD 7,484,000 for the same period last year. Net loss and comprehensive loss was AUD 17,102,000 against AUD 7,513,000 for the same period last year. Net loss per share attributable to common shareholders was AUD 0.85 against AUD 0.72 for the same period.
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.