Life360, Inc. [Rocket]

Overview

Life360, Inc.

Recent News + Filings (All items)

Date Filed	Type	Description
10/12/2023	8-K	Quarterly results
10/11/2023	8-K	Quarterly results
09/27/2023	S-8	Form S-8 - Securities to be offered to employees in employee benefit plans:
08/15/2023	4	Stick Susan L. (General Counsel) has filed a Form 4 on Life360, Inc.
08/14/2023	8-K	Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits  I...
08/14/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/09/2023	3	Stick Susan L. (General Counsel) has filed a Form 3 on Life360, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20
Revenues	228.3	112.6	80.7
Revenue growth	102.7%	39.7%
Cost of goods sold	79.7	22.8	15.4
Gross profit	148.6	89.9	65.3
Gross margin	65.1%	79.8%	80.9%
Sales and marketing	92.4	47.5	30.2
Research and development	102.5	51.0	39.6
General and administrative	48.1	23.7	12.1
EBITA	-85.7	-31.9	-16.5
EBITA margin	-37.5%	-28.3%	-20.4%
Amortization of intangibles	8.7	0.4	0.2
EBIT	-94.4	-32.3	-16.7
EBIT margin	-41.4%	-28.6%	-20.6%
Pre-tax income	-91.3	-33.7	-16.3
Income taxes	0.3	-0.1	0.0
Tax rate		0.4%	0.0%
Net income	-91.6	-33.6	-16.3
Net margin	-40.1%	-29.8%	-20.3%

Diluted EPS	($1.46)	($0.65)	($0.33)
Shares outstanding (diluted)	62.8	51.7	49.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.