Latest news with #Life360Inc
Yahoo
02-06-2025
- Business
- Yahoo
Life360 Proposes Convertible Senior Notes Offering
SAN FRANCISCO, June 02, 2025 (GLOBE NEWSWIRE) -- Life360, Inc. ('Life360' or the 'Company') (NASDAQ: LIF, ASX: 360), today announced its intention to offer, subject to market and other conditions, $250 million aggregate principal amount of convertible senior notes due 2030 (the 'notes') in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'). Life360 also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $37.5 million aggregate principal amount of notes. Description of notes The notes will be senior, unsecured obligations of Life360, will accrue interest payable semi-annually in arrears and will mature on June 1, 2030, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their notes in certain circumstances and during specified periods. Life360 will settle conversions in cash or a combination of cash and shares of its common stock, at Life360's election. The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Life360's option at any time, and from time to time, on or after June 5, 2028 and on or before the 40th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Life360's common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If certain corporate events that constitute a 'fundamental change' occur, then, subject to a limited exception, noteholders may require Life360 to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering. Use of proceeds Life360 intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions. Life360 intends to use the remainder of the net proceeds from the offering for general corporate purposes, which may include acquisitions or strategic investments in complementary businesses, products, services or technologies. If the initial purchasers exercise their option to purchase additional notes, then Life360 intends to use a portion of the additional net proceeds to fund the cost of entering into additional capped call transactions as described below. Capped call transactions In connection with the pricing of the notes, Life360 expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers or their affiliates and/or one or more other financial institutions (the 'option counterparties'). The capped call transactions are expected to cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Life360's common stock that will initially underlie the notes. If the initial purchasers exercise their option to purchase additional notes, then Life360 expects to enter into additional capped call transactions with the option counterparties. The capped call transactions are expected to generally reduce the potential dilution to Life360's common stock upon any conversion of the notes and/or offset any potential cash payments Life360 is required to make in excess of the principal amount of converted notes, as the case may be. If, however, the market price per share of Life360's common stock, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. In connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Life360's common stock and/or purchase shares of Life360's common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Life360's common stock or the market value of the notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Life360's common stock and/or purchasing or selling Life360's common stock or other securities of Life360 in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and (x) are likely to do so during any observation period related to a conversion of notes or following any repurchase of the notes by Life360 in connection with any redemption or fundamental change and (y) are likely to do so following any repurchase of the notes by Life360 other than in connection with any redemption or fundamental change if Life360 elects to unwind a corresponding portion of the capped call transactions in connection with such repurchase). This activity could also cause or avoid an increase or decrease in the market price of Life360's common stock or the notes, which could affect noteholders' ability to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the notes. No registration requirements The offer and sale of the notes and any shares of common stock issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any shares of common stock issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. Authorization Chris Hulls, Director, Co-Founder and Chief Executive Officer of Life360 authorized this announcement being given to ASX. About Life360 Life360, a family connection and safety company, keeps people close to the ones they love. The category-leading mobile app and Tile tracking devices empower members to stay connected to the people, pets, and things they care about most, with a range of services, including location sharing, safe driver reports, and crash detection with emergency dispatch. Life360 delivers peace of mind and enhances everyday family life in all the moments that matter, big and small. Contacts For U.S. investor inquiries: For U.S. media inquiries: Raymond (RJ) Jones Lynnette Bruno rjones@ press@ For Australian investor inquiries: For Australian media inquiries: Jolanta Masojada, +61 417 261 367 Giles Rafferty, +61 481 467 903 jmasojada@ grafferty@ Forward-looking statements This announcement contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Life360 intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering of the notes, the initial purchasers' option to purchase additional notes, the intended use of the proceeds and the anticipated terms of, and the effects of entering into, the capped call transactions. The words 'anticipate', 'believe', 'expect', 'potential', 'project', 'predict', 'will', 'forecast', 'estimate', 'likely', 'intend', 'outlook', 'should', 'could', 'may', 'target', 'plan', variations of these terms or the negative of these terms and other similar expressions can generally be used to identify forward-looking statements. Investors and prospective investors are cautioned not to place undue reliance on these forward-looking statements as they involve inherent risk and uncertainty (both general and specific) and should note that they are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. There is a risk that such predictions, forecasts, projections and other forward-looking statements will not be achieved. Subject to any continuing obligations under applicable law, Life360 does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement, to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statements are based. Although Life360 believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, Life360 can give no assurance that such expectations and assumptions will prove to be correct and, actual results may vary in a materially positive or negative manner. Forward-looking statements are subject to known and unknown risks, uncertainty, assumptions and contingencies, many of which are outside Life360's control, and are based on estimates and assumptions that are subject to change and may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include market conditions, including market interest rates, the trading price and volatility of Life360's common stock and risks relating to Life360's business, including those described in greater detail under the heading 'Risk Factors' in Life360's Australian Securities Exchange ('ASX') and United States Securities and Exchange Commission ('SEC') filings, including its Annual Report on Form 10-K filed with the SEC on February 27, 2025, Quarterly Reports on Form 10-Q, and other reports filed with the SEC. To the maximum extent permitted by law, responsibility for the accuracy or completeness of any forward-looking statements whether as a result of new information, future events or results or otherwise is disclaimed. This announcement should not be relied upon as a recommendation or forecast by Life360. Life360 may not consummate the proposed offering described in this announcement and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. Nothing contained in this document nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Life360 Inc (LIFX) Q1 2025 Earnings Call Highlights: Record Growth in Users and Revenue Amid ...
Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Life360 Inc (LIFX) achieved record-breaking results in Q1 2025, with significant growth in monthly active users (MAUs) and paying circles. The company saw a 26% year-over-year increase in paying circles, reaching 2.4 million, and a 39% growth in international MAUs. Life360 Inc (LIFX) successfully implemented a premium pricing strategy, resulting in a 39% increase in average revenue per paying circle in international markets. The partnership with AccuWeather will enhance the platform by providing real-time, location-specific severe weather alerts to members. The company reported a 32% year-over-year increase in Q1 revenue, driven by strong subscription growth and other recurring revenue streams. Hardware revenue declined by 13% year over year due to softness in physical retail and increased discounts. The company anticipates tariffs to impact both revenue and costs in the near term, particularly affecting hardware products. There is uncertainty regarding the impact of Apple's App Store policy changes on margins, with no immediate benefit expected. Life360 Inc (LIFX) faces challenges in scaling its advertising platform, with potential risks from tariff impacts on ad budgets. The company is cautious about the long-term impact of new tariffs on its hardware products, which may affect the launch strategy for new devices. Warning! GuruFocus has detected 6 Warning Sign with LIFX. Q: Can you discuss the learnings from the recent US price increases and your thoughts on the long-term potential of your ad revenue? A: (Chris Hulls, CEO) We've found that our price increases have been well-received, indicating that we offer significant value compared to competitors. We aim to maintain a strong value surplus for our customers. As for ads, they are a strategic revenue stream that allows us to keep prices low. (Lauren Antonoff, COO) We believe our ads business can scale similarly to our subscription business, and we're optimistic about its potential due to the value it provides to both advertisers and customers. Q: Can you elaborate on the partnerships with Aura and AccuWeather and their revenue implications? A: (Chris Hulls, CEO) The partnership with Aura involves a B2B2C channel through employee benefits, offering a revenue share model. We expect revenue to ramp up over time. (Lauren Antonoff, COO) The AccuWeather partnership focuses on delivering customer value through real-time alerts, with potential commercial value in the future. Q: Have you observed any changes in consumer behavior regarding your subscription plans, and what drives the full-year guidance increase? A: (Chris Hulls, CEO) We haven't seen a slowdown; in fact, demand remains strong. Life360 is considered essential, especially in uncertain times. The guidance increase is due to a record quarter and strong international performance, which is a significant long-term growth driver. Q: How do you expect the changes in Apple's App Store policies to impact Life360? A: (Chris Hulls, CEO) We anticipate long-term benefits from reduced payment processing fees, but short-term impacts are uncertain due to complexities in credit card processing and conversion rates. We're testing various flows and monitoring the situation closely. Q: What are the expectations for the pet tracking product, and how does it integrate with Life360's ecosystem? A: (Lauren Antonoff, COO) The pet tracker is designed to work seamlessly within the Life360 ecosystem, offering durability and longer battery life. It will be a bundled product with subscription options, aimed at boosting subscription revenue. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Life360: Q1 Earnings Snapshot
SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — Life360 Inc. (LIF) on Monday reported net income of $4.4 million in its first quarter. On a per-share basis, the San Mateo, California-based company said it had net income of 5 cents. The maker of location sharing mobile applications posted revenue of $103.6 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LIF at
Yahoo
12-05-2025
- Business
- Yahoo
We Might See A Profit From Life360, Inc. (ASX:360) Soon
Life360, Inc. () is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Life360, Inc. operates a technology platform to locate people, pets, and things in North America, Europe, the Middle East, Africa, and internationally. On 31 December 2024, the AU$5.4b market-cap company posted a loss of US$4.6m for its most recent financial year. The most pressing concern for investors is Life360's path to profitability – when will it breakeven? In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Consensus from 14 of the Australian Software analysts is that Life360 is on the verge of breakeven. They expect the company to post a final loss in 2024, before turning a profit of US$16m in 2025. Therefore, the company is expected to breakeven roughly a year from now or less! We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. It turns out an average annual growth rate of 44% is expected, which signals high confidence from analysts. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. Underlying developments driving Life360's growth isn't the focus of this broad overview, however, bear in mind that generally a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. View our latest analysis for Life360 One thing we'd like to point out is that Life360 has no debt on its balance sheet, which is rare for a loss-making growth company, which typically has high debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company. There are too many aspects of Life360 to cover in one brief article, but the key fundamentals for the company can all be found in one place – Life360's company page on Simply Wall St. We've also compiled a list of pertinent aspects you should look at: Valuation: What is Life360 worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Life360 is currently mispriced by the market. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Life360's board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-02-2025
- Business
- Yahoo
Life360 Inc (LIFX) Q4 2024 Earnings Call Highlights: Record Growth and Strategic Investments ...
Release Date: February 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Life360 Inc (LIFX) achieved record-breaking annual results in both monthly active users (MAUs) and paying circles, with a 30% year-over-year increase in MAUs. International expansion was a key driver, with international MAUs up 46% year-over-year and paying circles increasing by 33%. The company successfully launched its advertising business and introduced a new lineup of Tile devices, which received widespread acclaim. Life360 Inc (LIFX) reported a 33% year-on-year increase in Q4 revenue, driven by strong subscription and other revenue growth. The company achieved positive net income in Q4 of $8.5 million, a significant improvement from a net loss in the prior year. Life360 Inc (LIFX) experienced a seasonal slowdown in user growth following a strong Q3. Performance in physical retail stores was softer, consistent with trends observed in consumer electronics during the fourth quarter. The company anticipates increased seasonality and plans to make significant upfront investments, particularly in the pet tracking initiative. There is exposure to potential tariff increases on hardware components sourced from China. The hardware revenue is expected to decline as the company focuses on driving subscriptions rather than hardware sales. Warning! GuruFocus has detected 4 Warning Sign with ESEA. Q: The 2025 EBITDA guidance implies about a 15% margin. Even with the $8 million pet device investment added back, it's around 17%. Why wouldn't margins expand from the Q4 2024 run rate of 18%? Is it due to marketing investments or new hires? A: (Russell Burke, CFO) It's a combination of factors. We are investing more in marketing in 2025, partly for international expansion and pet tracking. The efficiencies seen in 2024 allow us to invest more confidently, especially in the first half of the year. This investment is ahead of substantial sales expected in 2026, but it doesn't change our overall EBITDA goals. Q: Can you provide more details on the pet tracking initiative and its monetization potential in 2026? A: (Chris Hols, CEO) Our strategy is to build a large free user base and then layer on services like pet tracking. Many of our customers have dogs, and this feature will help drive premium tier subscriptions. The pet tracking device will be best in the market, leveraging Life360's unique capabilities like a pet finding network. We aim to launch the main features towards the end of the year, with a focus on the holiday season. Q: Can you discuss your tariff exposure on the hardware side and the seasonality of pet tracking? A: (Chris Hols, CEO) Seasonality is uncertain as it's a new product, but it might be more holiday-oriented. Regarding tariffs, (Russell Burke, CFO) we've built an assumed increase in tariffs into our plan. We have limited exposure to China, and it's relatively easy to move logistics if needed. Q: How has the integration of Tile and Geobit impacted engagement and conversion? A: (Chris Hols, CEO) It's hard to isolate the impact of Tile, but during testing, pairing a promo with a free Tile showed a 30% uplift in conversion and improved retention. Tile is now integrated into our offerings, and we see significant numbers of premium subscribers linking Tiles, enhancing the Life360 platform. Q: What are the expectations for advertising revenue growth in 2025? A: (Russell Burke, CFO) The growth in other revenue, particularly in Q4, was largely driven by advertising. We expect this trend to continue in 2025, with advertising being the primary driver of growth in other revenue, supported by the Fantic acquisition, which enhances our data science and AI capabilities. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
