Life360, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 29, 2024 at 04:07 pm EST
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Life360, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 304.52 million compared to USD 228.31 million a year ago. Net loss was USD 28.17 million compared to USD 91.63 million a year ago.
Basic loss per share from continuing operations was USD 0.14 compared to USD 0.49 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to USD 0.5 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.