Life360 Q1 revenue $68.1M (+34% YoY), positive Adj EBITDA $0.5M ahead of schedule

Life360, Inc.

2023-Q1 EPS reported -$0.21 revenue$68,143,000

Revenue $68.1M (+34% YoY); core Life360 subscription rev $46.2M (+66% YoY).
Net loss $14.1M; positive Adjusted EBITDA $0.5M achieved one quarter ahead of expectations.
Paying Circles +22% YoY with net adds 73k; U.S. ARPPC $140 (+43% YoY).
CY23 guidance reiterated: consolidated revenue $300-310M, positive EBITDA and OCF $5-10M.
Lauren Antonoff appointed COO effective May 2, 2023; CJ Prober departure set for July 7, 2023.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Lauren Antonoff

Chief Operating Officer

LIF · Life360, Inc.

Effective: 2023-05-02
Filed: May 15, 2023, 7:59 PM ET

Life 360, Inc. (the “Company”) announced the appointment of Lauren Antonoff as its Chief Operating Officer, effective May 2, 2023.

Departed

Charles (CJ) Prober

President of the Company and Chief Executive Officer of the Company’s subsidiary, Tile, Inc.

LIF · Life360, Inc.

Effective: 2023-07-07
Filed: May 15, 2023, 7:59 PM ET

As previously disclosed, Charles (CJ) Prober will step down from his current positions as President of the Company and as Chief Executive Officer of the Company’s subsidiary, Tile, Inc. following Ms. Antonoff’s appointment as Chief Operating Officer.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Life360, Inc. reported the quarter ended March 31, 2023 results: revenue $68.1 million, net income $14.1 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $68.1 million
Net income: $14.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Life360 reports Q1 2023 results • Revenue of $68.1 million, a YoY increase of 34%, with core Life360 Subscription revenue1 of $46.2 million up 66% YoY • Annualized Monthly Revenue2 (AMR) of $239.5 million, up 44% YoY • Net loss of $14.1 million; positive Adjusted EBITDA3 of $0.5 million achieved one quarter ahead of expectations

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lauren Antonoff was appointed as Chief Operating Officer at Life360, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

Life 360, Inc. (the “Company”) announced the appointment of Lauren Antonoff as its Chief Operating Officer, effective May 2, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles (CJ) Prober departed as President of the Company and Chief Executive Officer of the Company’s subsidiary, Tile, Inc. at Life360, Inc..

Action: step down
Role: President of the Company and Chief Executive Officer of the Company’s subsidiary, Tile, Inc.

Exact text from the filing

As previously disclosed, Charles (CJ) Prober will step down from his current positions as President of the Company and as Chief Executive Officer of the Company’s subsidiary, Tile, Inc. following Ms. Antonoff’s appointment as Chief Operating Officer.

View on SEC.gov

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Life360, Inc. filing history →

Source: SEC EDGAR

accession 0001581760-23-000047

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