Life360 Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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 Income (Loss)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Subscription revenue | $71,833 | $56,607 | $199,090 | $160,998 |
| Hardware revenue | 11,744 | 15,541 | 33,833 | 37,110 |
| Other revenue | 9,288 | 6,476 | 23,032 | 19,447 |
| Total revenue | 92,865 | 78,624 | 255,955 | 217,555 |
| Cost of subscription revenue | 10,659 | 8,267 | 30,367 | 22,700 |
| Cost of hardware revenue | 11,213 | 11,570 | 29,147 | 29,732 |
| Cost of other revenue | 981 | 902 | 2,790 | 2,625 |
| Total cost of revenue | 22,853 | 20,739 | 62,304 | 55,057 |
| Gross profit | 70,012 | 57,885 | 193,651 | 162,498 |
| Operating expenses: | ||||
| Research and development | 29,012 | 24,569 | 83,283 | 74,948 |
| Sales and marketing | 30,722 | 25,741 | 79,818 | 73,404 |
| General and administrative | 15,229 | 14,082 | 44,243 | 39,788 |
| Total operating expenses | 74,963 | 64,392 | 207,344 | 188,140 |
| Loss from operations | (4,951) | (6,507) | (13,693) | (25,642) |
| Other income (expense): | ||||
| Convertible notes fair value adjustment | — | (604) | (608) | (798) |
| Derivative liability fair value adjustment | — | 63 | (1,707) | (177) |
| Loss on settlement of convertible notes | — | — | (440) | — |
| Gain on settlement of derivative liability | — | — | 1,924 | — |
| Gain on change in fair value of investment | 5,389 | — | 5,389 | — |
| Other income (expense), net | 2,524 | 337 | (1,772) | 1,797 |
| Total other income (expense), net | 7,913 | (204) | 2,786 | 822 |
| Income (loss) before income taxes | 2,962 | (6,711) | (10,907) | (24,820) |
| Provision for (benefit from) income taxes | (4,727) | (170) | 2,146 | 205 |
| Net income (loss) | $7,689 | $(6,541) | $(13,053) | $(25,025) |
| Net income (loss) per share, basic (Note 17) | $0.10 | $(0.10) | $(0.18) | $(0.38) |
| Net income (loss) per share, diluted (Note 17) | $0.09 | $(0.10) | $(0.18) | $(0.38) |
| Weighted-average shares used in computing net income (loss) per share, basic (Note 17) | 74,232,140 | 67,091,993 | 71,187,103 | 66,389,483 |
| Weighted-average shares used in computing net income (loss) per share, diluted (Note 17) | 82,083,976 | 67,091,993 | 71,187,103 | 66,389,483 |
| Comprehensive income (loss) | ||||
| Net income (loss) | $7,689 | $(6,541) | $(13,053) | $(25,025) |
| Change in foreign currency translation adjustment | — | (17) | (3) | 9 |
| Total comprehensive income (loss) | $7,689 | $(6,558) | $(13,056) | $(25,016) |
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