Life360 Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
LIF$41.98-6.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Subscription revenue | $220,794 | $153,287 | $86,551 |
| Hardware revenue | 58,178 | 47,884 | 952 |
| Other revenue | 25,546 | 27,134 | 25,140 |
| Total revenue | 304,518 | 228,305 | 112,643 |
| Cost of subscription revenue | 30,975 | 30,659 | 17,807 |
| Cost of hardware revenue | 47,384 | 45,441 | 1,340 |
| Cost of other revenue | 3,522 | 3,607 | 3,621 |
| Total cost of revenue | 81,881 | 79,707 | 22,768 |
| Gross profit | 222,637 | 148,598 | 89,875 |
| Operating expenses: | |||
| Research and development | 100,965 | 102,480 | 50,994 |
| Sales and marketing | 99,072 | 92,419 | 47,473 |
| General and administrative | 52,583 | 48,110 | 23,670 |
| Total operating expenses | 252,620 | 243,009 | 122,137 |
| Loss from operations | (29,983) | (94,411) | (32,262) |
| Other income (expense): | |||
| Convertible notes fair value adjustment | (684) | 1,786 | (511) |
| Derivative liability fair value adjustment | (116) | 1,295 | (733) |
| Other income (expense), net | 3,228 | 13 | (178) |
| Total other income (expense), net | 2,428 | 3,094 | (1,422) |
| Loss before income taxes | (27,555) | (91,317) | (33,684) |
| Provision for (benefit from) income taxes | 616 | 312 | (127) |
| Net loss | (28,171) | (91,629) | (33,557) |
| Net loss per share, basic | $(0.42) | $(1.47) | $(0.65) |
| Net loss per share, diluted (Note 18) | $(0.42) | $(1.50) | $(0.65) |
| Weighted-average shares used in computing net loss per share, basic | 66,748,542 | 62,209,545 | 51,656,195 |
| Weighted-average shares used in computing net loss per share, diluted (Note 18) | 66,748,542 | 62,839,593 | 51,656,195 |
| Comprehensive loss | |||
| Net loss | $(28,171) | $(91,629) | $(33,557) |
| Change in foreign currency translation adjustment | 15 | (6) | — |
| Total comprehensive loss | $(28,156) | $(91,635) | $(33,557) |
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