Life360 Q1 revenue rises 34% to $68.1 million; net loss narrows to $14.1 million
Life360 reported first-quarter 2023 revenue of $68.1 million, up 34% from a year earlier, and a net loss of $14.1 million, narrower than the $25.2 million loss a year ago. The company reiterated its calendar 2023 guidance and said it reached positive Adjusted EBITDA a quarter ahead of expectations. It also named Lauren Antonoff chief operating officer, and the departure date of President CJ Prober was moved to July 7, 2023.
- Q1 2023 revenue of $68.1 million, up 34% year over year; subscription revenue of $51.7 million versus $33.1 million a year earlier
- Net loss of $14.1 million versus $25.2 million in Q1 2022; Adjusted EBITDA of $0.5 million versus a loss of $13.7 million
- CY23 guidance reiterated, including consolidated revenue of $300 million to $310 million
- Lauren Antonoff appointed Chief Operating Officer effective May 2, 2023, with a $450,000 base salary; CJ Prober's departure date changed to July 7, 2023