ASX-listed Life360 hits over 5-month high as quarterly loss narrows

Life360

16/05/2023 02:25

** ASX-listed shares of Life360 Inc  360.AX  climb as much
as 11.4% to A$6.450, their highest since Dec 1, 2022
    ** The San Francisco-based location sharing company reported
net loss of $14.1 mln in Q1, compared with a loss of $25.2 mln
last year
    ** Co posts Q1 revenue of $68.1 mln, up 34% on last year
    ** Says Q1 delivered a positive adjusted EBITDA of $0.5 mln
vs adjusted EBITDA loss of $13.7 mln last year, helped by strong
subscription revenue growth    
    ** Co has earlier forecast adjusted EBITDA profitability
from Q2 onwards
    ** As of last close, stock up 19.1% this year
    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))