Life360, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:26 pm EDT
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Life360, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 70.79 million compared to USD 48.84 million a year ago. Net loss was USD 4.41 million compared to USD 32.99 million a year ago. Basic loss per share from continuing operations was USD 0.0233 compared to USD 0.1767 a year ago.
For the six months, revenue was USD 138.93 million compared to USD 99.81 million a year ago. Net loss was USD 18.48 million compared to USD 58.21 million a year ago. Basic loss per share from continuing operations was USD 0.0933 compared to USD 0.3167 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.
LIFE360, INC. 
