Life360 Inc - LIF STOCK NEWS

Life360 (Nasdaq: LIF), the family connection and safety company, has appointed Vari Bindra as its first Chief Information Security Officer (CISO). This newly-created position reinforces the company's commitment to digital security and privacy for its family-focused services.

Bindra brings over 20 years of cybersecurity experience from major companies including Amazon, where he led security operations for Amazon Retail Stores, including Whole Foods Market, Amazon Go, and AWS Just Walk Out businesses. His previous experience includes roles at Blackhawk Network, Fisher Investments, and Intuit.

In his role as CISO, Bindra will spearhead the strategy and implementation of digital security solutions across all product and enterprise systems, working closely with senior leadership to develop security initiatives and strengthen the company's security culture.

Life360 (NASDAQ: LIF) reported strong Q4 and FY 2024 results, achieving record-breaking performance across key metrics. The company's Q4 revenue grew 33% year-over-year to $115.5 million, with total subscription revenue reaching $78.8 million.

Notable achievements include reaching 79.6 million Monthly Active Users (30% YoY increase) and growing Paying Circles to nearly 2.3 million with 457,000 annual net additions. The company achieved positive Net Income of $8.5 million in Q4 and record positive Adjusted EBITDA of $45.5 million for the year.

Key Q4 metrics include:

• Annualized Monthly Revenue up 34% YoY to $367.6 million
• Positive Operating Cash Flow of $12.3 million, up 38% YoY
• Quarter-end cash position of $160.5 million

For FY2025, Life360 projects consolidated revenue of $450-480 million and Adjusted EBITDA of $65-75 million.

Life360, the family connection and safety company, has acquired Fantix's advertising unit, an AI platform specializing in machine learning and privacy-first advertising technology. The non-material transaction brings aboard Fantix's founders Antonio Tomarchio and Lokesh Bidhan, along with their expert team.

The acquisition aims to enhance Life360's advertising capabilities through:

• AI-driven customer insights using generative AI to analyze patterns in Life360's first-party data
• Path-to-purchase effectiveness data linking digital ads to in-store actions
• Advanced personalization and ad targeting based on predictive customer journeys

This strategic move will enable Life360 to offer advertisers targeted, performance-based solutions while connecting families with relevant brands, products, and services. The integration of Fantix's technology will power Life360's ad platform with enhanced targeting, measuring, and delivery capabilities at scale.

Life360 (Nasdaq: LIF; ASX: 360), the leading family safety and location services company, has scheduled its Q4 and Full Year 2024 financial results announcement for February 27, 2025 (U.S. PT) / February 28, 2025 (AEDT). The company will host an investor conference call featuring Co-Founder and CEO Chris Hulls and CFO Russell Burke, followed by a Q&A session.

The call will be held at 2:30 PM PT (5:30 PM ET / 9:30 AM AEDT) via Zoom audio webinar. Investors and analysts can participate through their browser to ask questions, while telephone participants will be in listen-only mode. A replay will be available on the company's investor relations website.

Life360, the family connection and safety company, has been ranked No. 393 on the 2024 Deloitte Technology Fast 500™, recognizing the fastest-growing companies in North America. The company achieved 278% revenue growth from 2020 to 2023, attributed to their strategic focus on audience growth, expanded paid offerings, and operational efficiency.

With 77 million monthly active users globally, Life360's mobile app and Tile tracking devices provide services including location sharing, safe driver reports, and crash detection with emergency dispatch, serving families' safety and connection needs.

Life360 reported strong Q3 2024 results with total revenue growing 18% year-over-year to $92.9 million. Monthly Active Users reached 76.9 million, up 32% YoY, while Paying Circles increased by a record 159,000 to nearly 2.2 million total. Subscription revenue grew 27% to $71.8 million, and Annualized Monthly Revenue increased 30% to $336.2 million.

The company achieved its first Net Income of $7.7 million, marking eight consecutive quarters of positive Adjusted EBITDA. Life360 raised its 2024 guidance, projecting consolidated revenue of $368-374 million and positive Adjusted EBITDA of $39-42 million.

Life360, Inc. (NASDAQ: LIF) has announced its inclusion in the Russell 2000® and Russell 3000® Indexes, effective September 23, 2024. This addition is part of the quarterly Russell US Index initial public offering (IPO) updates. CEO Chris Hulls views this as a key achievement reflecting the company's growth and progress as a public entity.

The Russell indexes, widely used by investment managers and institutional investors, benchmark approximately $12 trillion in assets. Life360's inclusion in these indexes is expected to increase its exposure to investors. The company, known for its family connection and safety solutions, will remain in the U.S. Russell 3000® Index for one year, with automatic inclusion in the small-cap Russell 2000® Index and appropriate growth and value style indexes.

Life360, a family connection and safety company, has launched a new lineup of Tile Bluetooth trackers with enhanced integration with the Life360 app. The new trackers feature a multi-function button that extends Life360's SOS services, providing an extra layer of security. Key improvements include extended range, louder ring, and refined design. The lineup consists of four models: Tile Mate ($24.99), Tile Pro ($34.99), Tile Slim ($29.99), and Tile Sticker ($24.99), each designed for different use cases. The integration aims to create a seamless experience for Life360's 70 million monthly active users, allowing faster and more reliable item finding across both iOS and Android platforms. Life360 offers various membership tiers with additional benefits for Gold and Platinum members.

Life360, Inc. (NASDAQ: LIF) has launched its advertising platform in the United States, leveraging its unique family insights and location data to deliver privacy-first targeting for advertising. The platform connects 40 million U.S. monthly active users with relevant brands, products, and services. Uber has joined as a key partner, integrating with Life360's Landing Notifications and launching targeted ads for Uber teen accounts.

Life360's platform provides brands with insights into family dynamics, routines, and behaviors, enabling precise audience segmentation. The company prioritizes partnerships with family-oriented advertisers and maintains strict privacy measures. Google veteran Brian McDevitt has been appointed as Vice President of Ad Sales and Strategy to scale the ad business globally.