Life360 Third Quarter 2023 Earnings: Beats Expectations

Life360 (ASX:360) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$78.6m (up 38% from 3Q 2022).
• Net loss: US$6.54m (loss narrowed by 69% from 3Q 2022).
• US$0.032 loss per share (improved from US$0.11 loss in 3Q 2022).

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

Life360 Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's shares are up 9.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Life360 that you need to take into consideration.

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