Insights

Why the Life360 (ASX:360) share price is marching higher today

Technology now enables us to keep track of our family’s whereabouts.
The post Why the Life360 (ASX:360) share price is marching higher today appeared first on The Motley Fool Australia. –

The Life360 Inc (ASX: 360) share price is marching higher in morning trade, up 2.15% trading at $8.09.

We take a look at the ASX tech share’s quarterly update for the period ending 30 June, along with an acquisition confirmation.

What updates did Life360 report?

The Life360 share price is gaining after the company firstly reported it had signed definitive agreements to acquire Jiobit. Based in the US state of California, Jiobit provides wearable location devices intended for young children, pets and seniors.

The ASX tech share first reported on the pending acquisition on 27 April, which saw the Life360 share price leap to a then record high.

In its June quarterly update, also released this morning, the company said its global monthly active user (MAU) base increased by 4.2 million over the quarter to reach 32.3 million users.

In the United States, MAU was up 12% over the previous quarter and 25% year-on-year, to 20.3 million users. MAU also grew strongly in Australia, up 48% year-on-year and 18% from the prior quarter, to 836,000 users.

Underlying revenue of US$25.0 million (AU$33.8 million) increased 28% year-on-year, while annualised monthly revenue (AMR) for June increased 36% year-on-year to US$105.9 million.

Underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at a loss of US$3.3 million. The company noted this excluded stock based compensation and other non-recurring adjustments.

Commenting on the results, Life360 CEO Chris Hulls said:

Direct revenue was the key driver of the result, benefiting from a 19% year-on-year increase in Paying Circles to 1.0 million, and a 21% uplift in ARPPC. Momentum in our membership model has accelerated with cumulative 327,000 new and upsell subscribers, now accounting for 40% of US paying circles.

While legacy subscribers are grandfathered on their previous plans, the new membership cohort is delivering an ARPPC uplift of 37% versus the first half of 2020.

Life360 share price snapshot

The Life360 share price has gained an impressive 148% over the past 12 months, sailing past the 25% gains posted by the All Ordinaries Index (ASX: XAO).

Year-to-date, the Life360 share price has continued its stellar performance, up 108% so far in 2021.

The post Why the Life360 (ASX:360) share price is marching higher today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Life360 right now?

Before you consider Life360, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Life360 wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

Why Zip (ASX:Z1P) and this explosive ASX growth share could be buys
Top brokers name 3 ASX shares to buy next week

Why the Life360 (ASX:360) share price hit a record and could go higher
2 rapidly growing ASX tech shares named as buys

Ansarada (ASX:AND) share price surges on record quarter

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Life360, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!