Life360, Inc. Reports Revenue Results for the Quarter Ended June 30, 2020
July 28, 2020 at 06:20 pm EDT
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Life360, Inc. reported revenue results for the quarter ended June 30, 2020. For the June quarter, normalised revenue of USD 19.5 million increased 46% year-on-year.
Reported revenue of USD 18.7 million included a non-recurring adjustment of approximately USD 0.9 million in relation to deferral of subscription revenue. For the month of June, Annualised Monthly Revenue (AMR) was USD 77.9 million, a 26% year-on-year increase and 2% ahead of March AMR of USD 76.1 million.
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. 
