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Life360 heads towards profitability

Shares in the San Fran-based but Aussie-listed family tracking app jumped 36% on the news.

Dan Purves Fri, 01 Mar 2024
Key points
  • Revenue: Up 33.4% to US$304.5 million.
  • Net loss after tax: Up 69.1% to a loss of US$28.2m
  • Key takeaway: The tech company's losses reduced dramatically for the full year, with some metrics going positive for the first time. A new line of revenue is due to come online in 2024 further bolstering its outlook. 

The San-Fransisco headquartered, but ASX-listed, tech company Life360 saw strong growth over the calendar year 2023 and is on the cusp of becoming profitable.

Revenue was up 33.4% to US$304.5 million ($499.8m), earnings before interest tax, depreciation and amortisation (ebitda) improved 80.6% from

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Dan Purves Fri, 01 Mar 2024
Contact the Writer: dpurves@nbr.co.nz
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Key points
  • Revenue: Up 33.4% to US$304.5 million.
  • Net loss after tax: Up 69.1% to a loss of US$28.2m
  • Key takeaway: The tech company's losses reduced dramatically for the full year, with some metrics going positive for the first time. A new line of revenue is due to come online in 2024 further bolstering its outlook. 
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Life360 heads towards profitability
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