Life360 Second Quarter 2024 Earnings: EPS Misses Expectations

Life360 (ASX:360) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$84.9m (up 20% from 2Q 2023).
• Net loss: US$11.0m (loss widened by 148% from 2Q 2023).
• US$0.052 loss per share (further deteriorated from US$0.022 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Life360 EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's shares are up 5.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Life360 you should be aware of.

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