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Friday 21 June 2024

Life360 (ASX:360): Share price jumps 22% after releasing market update

Article

Life360, Inc. (ASX:360) has commenced CY24 with strong operating metrics. Global Monthly Active Users were 66.4 million at the end of CY24 Q1, with net additions of 4.9 million in CY24 Q1, a record for a first quarter. The Company also had record first quarter additions to global paying circles of approximately 96,000 in CY24 Q1, split approximately 65%/35% between U.S. and International. Full financial results for CY24 Q1 are not yet available and Life360 cannot yet determine whether these quarterly operating metrics will have a material positive impact on revenue, net income (loss). 

Highlights

  • Life360 cannot yet determine whether the above mentioned quarterly operating metrics will have a material positive impact on revenue or net income (loss) metrics
  • Life360 has previously revealed plans for a potential dual listing, remaining on the ASX and also listing in the United States
  • The Company has the flexibility to pursue a dual listing should it determine that conditions are favourable

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