Life360 Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
LIF$45.02-5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31,2023 | December 31,2022 | |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $68,964 | $75,444 |
| Restricted cash, current | — | 13,274 |
| Accounts receivable, net | 42,180 | 33,125 |
| Inventory | 4,099 | 10,826 |
| Costs capitalized to obtain contracts, net | 1,010 | 1,438 |
| Prepaid expenses and other current assets | 15,174 | 8,548 |
| Total current assets | 131,427 | 142,655 |
| Restricted cash, noncurrent | 1,749 | 1,647 |
| Property and equipment, net | 730 | 393 |
| Costs capitalized to obtain contracts, noncurrent | 834 | 626 |
| Prepaid expenses and other assets, noncurrent | 6,848 | 7,134 |
| Operating lease right-of-use asset | 1,014 | 802 |
| Intangible assets, net | 45,441 | 52,699 |
| Goodwill | 133,674 | 133,674 |
| Total Assets | $321,717 | $339,630 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable | $5,896 | $13,791 |
| Accrued expenses and other current liabilities | 27,538 | 27,015 |
| Escrow liability | — | 13,274 |
| Convertible notes, current ($3,449 and $3,513 measured at fair value, respectively) | 3,449 | 3,513 |
| Deferred revenue, current | 33,932 | 30,056 |
| Total current liabilities | 70,815 | 87,649 |
| Convertible notes, noncurrent ($0 and $3,425 measured at fair value, respectively) | 1,056 | 4,060 |
| Derivative liability, noncurrent | 217 | 101 |
| Deferred revenue, noncurrent | 1,842 | 2,706 |
| Other liabilities, noncurrent | 723 | 576 |
| Total Liabilities | $74,653 | $95,092 |
| Commitments and Contingencies (Note 11) | ||
| Stockholders’ Equity | ||
| Common Stock, $0.001 par value; 100,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 68,155,830 and 65,239,843 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 70 | 67 |
| Additional paid-in capital | 532,128 | 501,763 |
| Notes due from affiliates | — | (314) |
| Accumulated deficit | (285,143) | (256,972) |
| Accumulated other comprehensive income (loss) | 9 | (6) |
| Total stockholders’ equity | 247,064 | 244,538 |
| Total Liabilities and Stockholders’ Equity | $321,717 | $339,630 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.