Life360, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:10 pm EST
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Life360, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 78.62 million compared to USD 57.15 million a year ago. Net loss was USD 6.54 million compared to USD 21.12 million a year ago. Basic loss per share from continuing operations was USD 0.0333 compared to USD 0.1133 a year ago.
For the nine months, revenue was USD 217.56 million compared to USD 156.97 million a year ago. Net loss was USD 25.03 million compared to USD 79.33 million a year ago. Basic loss per share from continuing operations was USD 0.1267 compared to USD 0.4267 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. 
