360 - Life360 Inc

[Dona Ferentes]

Monthly pick.

missed it by a month and a day!!

...up nearly 40 per cent when the
ASX-listed, San Francisco-based company told investors it would place advertising on its platform, creating a major new source of revenue.

Life360 operates free and paid versions of the location-tracking app used by families to monitor everything from where their children are to how fast they are driving.

Chris Hulls, Life360’s chief executive, said the introduction of advertising targeting the app’s free users this year was a “low risk” way of generating revenue. The company has forecast a large rise over the year, from the $US304.5 million ($468 million) for the 12 months to December 31 to up to $US375 million.

“We think the monetisation of our free users could equal subscription revenue,” said Mr Hulls, one of the company’s founders. “I think it’s unlikely to be a flop. It’s more like, how big can it get? How quickly can that happen?”
.
....eyeball capture. How long before ...

 

[Knobby22]

missed it by a month and a day!!

...up nearly 40 per cent when the
ASX-listed, San Francisco-based company told investors it would place advertising on its platform, creating a major new source of revenue.

View attachment 171946
Life360 operates free and paid versions of the location-tracking app used by families to monitor everything from where their children are to how fast they are driving.

Chris Hulls, Life360’s chief executive, said the introduction of advertising targeting the app’s free users this year was a “low risk” way of generating revenue. The company has forecast a large rise over the year, from the $US304.5 million ($468 million) for the 12 months to December 31 to up to $US375 million.

“We think the monetisation of our free users could equal subscription revenue,” said Mr Hulls, one of the company’s founders. “I think it’s unlikely to be a flop. It’s more like, how big can it get? How quickly can that happen?”
.
....eyeball capture. How long before ...

Didn't buy any. Was going to, studied it. .. and just forgot about it. Got a shock when Alan Kohler mentioned it on the news.

 

[noirua]

Family tracking app Life360 eyeing a US IPO as profitability approaches

Family tracking app developer Life360 announced on Friday that it is applying for a US IPO with the United States' regulator.

themarketonline.com.au

May 10, 2024 -
However, the company says it’s heading towards profitability with $10.7M in “positive operating cash flow” at the end of Q1, an improvement of $20M compared to Q1CY23.

 

[Dona Ferentes]

still going strong ... New highs most days.

 

[Dona Ferentes]

Life360 has wasted no time in executing plans to dual-list on the Nasdaq, launching its initial public offering on Monday.

According to terms sent to investors by lead left bookrunner Goldman Sachs, the San Francisco-based, ASX-listed company is selling 5.75 million shares alongside an over-allotment option of 862,500 shares, also known as a “greenshoe.”

The deal, which looks to have occurred more quickly than some local fund managers had anticipated, is due to price on 05 June. Evercore and UBS are active bookrunners, and Canaccord Genuity, Citizens JMP Securities and Loop Capital Markets are co-managers.

“Life360 currently intends to use the net proceeds we receive from this offering for general corporate purposes, including working capital, operating expenses, and capital expenditures,” the term sheet said

 

[qldfrog]

decided to test the water there..will see...once you have a feet in the US, it can help...or not ;-)

 

[Dona Ferentes]

decided to test the water there..will see...once you have a feet in the US, it can help...or not ;-)

nice one.. this fund manager reckons it's a 10 bagger for them

"If Andrew Mitchell is right, the next 10-bagger for the Ophir Opportunities Fund is family tracking app Life360. Its shares are up nearly 150 per cent in 2024 alone to $18. The fund first acquired the stock in 2020 when it was trading at around $3.

Mitchell said the app has the potential to launch many businesses off its existing platform as the US family safety market was massive. What’s more, he liked Life360’s ultra-low cost of acquiring customers.

Life360 has announced plans to place ads in front of millions of customers who use Life360 for free, opening up a new revenue stream.

“It’s scaling very fast and the bogeyman will be Apple’s ‘Find My’ app, and whether they [Apple] invest in it.”.
.
... but .. many a bright idea has been overrun by sheer size of the big players

 

[qldfrog]

nice one.. this fund manager reckons it's a 10 bagger for them

"If Andrew Mitchell is right, the next 10-bagger for the Ophir Opportunities Fund is family tracking app Life360. Its shares are up nearly 150 per cent in 2024 alone to $18. The fund first acquired the stock in 2020 when it was trading at around $3.

Mitchell said the app has the potential to launch many businesses off its existing platform as the US family safety market was massive. What’s more, he liked Life360’s ultra-low cost of acquiring customers.

Life360 has announced plans to place ads in front of millions of customers who use Life360 for free, opening up a new revenue stream.

“It’s scaling very fast and the bogeyman will be Apple’s ‘Find My’ app, and whether they [Apple] invest in it.”.
.
... but .. many a bright idea has been overrun by sheer size of the big players

Was reading that article this morning and thought hey why not give it a very small try

 

[bk1]

Here's an example of leaving your biases and prejudice at the door and simply trade what you see.

I would not have the vision to consider that a pet finding app could turn a company into a $4.7B MC monster...
Bought in after crossing the 10 day ema in Sept, will be watching as the quarterly is due in less than a month.

 

[qldfrog]

Here's an example of leaving your biases and prejudice at the door and simply trade what you see.

I would not have the vision to consider that a pet finding app could turn a company into a $4.7B MC monster...
Bought in after crossing the 10 day ema in Sept, will be watching as the quarterly is due in less than a month.

Same here, +27% in 2
3 weeks so far..what can i say..happy

 

[Garpal Gumnut]

Life360 has wasted no time in executing plans to dual-list on the Nasdaq, launching its initial public offering on Monday.

According to terms sent to investors by lead left bookrunner Goldman Sachs, the San Francisco-based, ASX-listed company is selling 5.75 million shares alongside an over-allotment option of 862,500 shares, also known as a “greenshoe.”

The deal, which looks to have occurred more quickly than some local fund managers had anticipated, is due to price on 05 June. Evercore and UBS are active bookrunners, and Canaccord Genuity, Citizens JMP Securities and Loop Capital Markets are co-managers.

“Life360 currently intends to use the net proceeds we receive from this offering for general corporate purposes, including working capital, operating expenses, and capital expenditures,” the term sheet said

Well done those who stuck with 360.asx . It's course these past few years is amazing.

gg

 

[Dona Ferentes]

Life360 has soared to an all-time high of $23.75 after UBS raised the price target of its US shares to $US50 from $US35.

New York-based UBS analyst Chris Kuntarich said the lift followed strong third quarter results thanks to increased marketing activities and the potential of US TV ad campaign to bring more users.

The US share price target is based on UBS’s estimate of Life 360’s earning multiple of 36 in FY26, compared with 41 in FY25, and EBITDA of $US115 million from $US68 million in the last financial year.
.

 

[bk1]

Reporting tomorrow morning, I've built up a position here with some cushion but still wary of the price action, or possible PA, and stop loss areas are in accordingly.

 

[Dona Ferentes]

Reporting tomorrow morning, I've built up a position here with some cushion but still wary of the price action, or possible PA, and stop loss areas are in accordingly.

down 6 per cent

Co-founder and Chief Executive Officer, Chris Hulls, has executed a partial disposition of his holdings amounting to 863,903 shares, or 1.2% of total outstanding shares in the Company, pursuant to Rule 144 of the Securities Act of 1933, as amended. Following the disposition, Mr. Hulls will continue to beneficially own approximately 3.8% of the total outstanding shares in the Company.

Mr. Hulls said: “I have previously indicated my desire to diversify my financial holdings - as a founder, I have been with the Company for 17 years and I have a significant majority of my wealth associated with Life360 - and these transactions reflect that plan. I have recently returned from an extended break more excited than ever about the opportunities ahead for Life360, and with a renewed enthusiasm to lead the next chapter in the Company’s vision.”

“At the same time I decided to activate my planned diversification, and these transactions will enable me to secure my family’s future as well as creating a foundation to undertake philanthropic projects in my local community. I am donating over a third of my securities immediately to a private foundation and donor advised fund. I will still have close to 75% of my net worth in Life360 equity and have committed to not undertake certain additional sales in the next 12 months - this includes terminating the Rule 10b5-1 plan that I had set up and was disclosed in our most recent Form 10-Q.”
.
...yep that'll do it.

 

[peter2]

Yes, that'll do it but it's a over reaction. I've added to my position in Life360.

 

[finicky]

Life360 best ASX200 performer this week

 

[finicky]

From Market Matters weekend subscriber Q and A,
Answer to a subscriber question re Life360:

Hi Debbie, how're they hangin' girl,

We learned this week that director James Synge has sold $1.11mn worth of 360 stock, and Mark Goines 60,000 shares for ~$2.47mn, its easy to understand why!

• James Synge no longer holds shares in Life360. As of September 2024, Synge sold all of his direct and indirect holdings in the company, amounting to over $2.6 million in transactions, reducing his ownership to zero.
• Mark Goines had a reduction in his holdings earlier in 2024, reportedly selling some of his shares post-conversion of Chess Depositary Interests (CDIs) into common stock.

Life360 recently reported strong Q3 2024 earnings, achieving record results including: revenue of $93.9mn +18% YoY plus a significant turnaround with net income of $7.7 million compared to a net loss in the prior year. However, after surging higher in 2024 this $5.5bn tracking business looks in need of a rest.

• If MM were long, we would be considering taking part profit.