Life360 Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 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
Condensed Consolidated Statements of Cash Flows
(Dollars in U.S. $, in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(9,777) | $(14,071) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 2,295 | 2,273 |
| Amortization of costs capitalized to obtain contracts | 341 | 439 |
| Amortization of operating lease right-of-use asset | 81 | — |
| Stock-based compensation expense | 8,261 | 8,955 |
| Compensation expense in connection with revesting notes | — | 72 |
| Non-cash interest expense, net | 128 | 92 |
| Convertible notes fair value adjustment | 608 | (72) |
| Derivative liability fair value adjustment | 1,707 | (14) |
| Non-cash revenue from investment | (446) | (496) |
| Inventory write-off | — | 916 |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable, net | 5,144 | 2,145 |
| Prepaid expenses and other assets | 3,272 | (1,340) |
| Inventory | (2,239) | 1,113 |
| Costs capitalized to obtain contracts, net | (398) | (498) |
| Accounts payable | 3,492 | (4,274) |
| Accrued expenses and other current liabilities | (3,073) | (4,628) |
| Deferred revenue | 1,381 | 189 |
| Other liabilities, noncurrent | (89) | — |
| Net cash provided by (used in) operating activities | 10,688 | (9,199) |
| Cash Flows from Investing Activities: | ||
| Internal use software | (1,089) | (348) |
| Purchase of property and equipment | — | (26) |
| Net cash used in investing activities | (1,089) | (374) |
| Cash Flows from Financing Activities: | ||
| Proceeds from the exercise of stock options and warrants | 2,401 | 714 |
| Taxes paid related to net settlement of equity awards | (8,110) | (5,731) |
| Proceeds from repayment of notes due from affiliates | — | 314 |
| Net cash used in financing activities | (5,709) | (4,703) |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | 3,890 | (14,276) |
| Cash, Cash Equivalents and Restricted Cash at the Beginning of the Period | 70,713 | 90,365 |
| Cash, Cash Equivalents, and Restricted Cash at the End of the Period | $74,603 | $76,089 |
| Supplemental disclosure: | ||
| Cash paid during the period for taxes | $56 | $— |
The following table presents the cash, cash equivalents, and restricted cash reported within the balance sheets totaling the same such amounts shown above:
| March 31,2024 | March 31,2023 | |
|---|---|---|
| Cash and cash equivalents | $73,401 | $61,394 |
| Restricted cash, current | — | 13,094 |
| Restricted cash, noncurrent | 1,202 | 1,601 |
| Total cash and cash equivalents, and restricted cash | $74,603 | $76,089 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.