Life360 Inc
For the period ended Jun 30, 2024. Filed Aug 8, 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.
Jun 30, 2024 · Filed Aug 8, 2024
LIF$41.98-6.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Subscription revenue | $65,678 | $52,727 | $127,257 | $104,391 |
| Hardware revenue | 11,901 | 11,585 | 22,089 | 21,569 |
| Other revenue | 7,284 | 6,476 | 13,744 | 12,971 |
| Total revenue | 84,863 | 70,788 | 163,090 | 138,931 |
| Cost of subscription revenue | 10,393 | 6,388 | 19,708 | 14,433 |
| Cost of hardware revenue | 9,922 | 8,736 | 17,934 | 18,162 |
| Cost of other revenue | 922 | 881 | 1,809 | 1,723 |
| Total cost of revenue | 21,237 | 16,005 | 39,451 | 34,318 |
| Gross profit | 63,626 | 54,783 | 123,639 | 104,613 |
| Operating expenses: | ||||
| Research and development | 27,013 | 23,182 | 54,271 | 50,379 |
| Sales and marketing | 24,363 | 23,347 | 49,096 | 47,663 |
| General and administrative | 14,613 | 12,497 | 29,014 | 25,706 |
| Total operating expenses | 65,989 | 59,026 | 132,381 | 123,748 |
| Loss from operations | (2,363) | (4,243) | (8,742) | (19,135) |
| Other income (expense): | ||||
| Convertible notes fair value adjustment | — | (266) | (608) | (194) |
| Derivative liability fair value adjustment | — | (254) | (1,707) | (240) |
| Loss on settlement of convertible notes | (440) | — | (440) | — |
| Gain on settlement of derivative liability | 1,924 | — | 1,924 | — |
| Other income (expense), net | (4,607) | 617 | (4,296) | 1,460 |
| Total other income (expense), net | (3,123) | 97 | (5,127) | 1,026 |
| Loss before income taxes | (5,486) | (4,146) | (13,869) | (18,109) |
| Provision for income taxes | 5,478 | 267 | 6,872 | 375 |
| Net loss | $(10,964) | $(4,413) | $(20,741) | $(18,484) |
| Net loss per share, basic and diluted | $(0.15) | $(0.07) | $(0.30) | $(0.28) |
| Weighted-average shares used in computing net loss per share, basic and diluted | 70,760,080 | 66,467,200 | 69,647,853 | 66,032,405 |
| Comprehensive loss | ||||
| Net loss | $(10,964) | $(4,413) | $(20,741) | $(18,484) |
| Change in foreign currency translation adjustment | (4) | 2 | (3) | 26 |
| Total comprehensive loss | $(10,968) | $(4,411) | $(20,744) | $(18,458) |
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