ASX:360Software
Life360 (ASX:360) Shares Drift As Margin Questions Cloud Growth
Life360 just posted another profitable quarter and the stock is drifting, with a 7 day slide of about 20% leaving shares around A$23.50 into this print. The emotional story is fatigue after a strong 3 month run. The financial story is a consumer app business putting up US$159m in quarterly revenue and a positive net profit, while still pouring money into growth.
The real hinge for sentiment is margin. Adjusted earnings before interest, tax, depreciation and amortization landed at US$31.1m, a...