Life360 Inc. (ASX:360) saw its shares surge 9.90% in Tuesday's trading session, following the release of its impressive first-quarter financial results. The company, which provides location-based services for families, reported a significant turnaround with earnings per share (EPS) of $0.05, marking a substantial improvement from the $0.14 loss per share in the same quarter last year.
The Q1 performance exceeded analyst expectations, with FactSet-polled analysts anticipating a loss of $0.01 per share. Life360's total revenue for the quarter ended March 31 reached $103.6 million, up from $78.2 million in the previous year and surpassing the analyst consensus of $101.4 million. This strong revenue growth demonstrates the company's ability to expand its user base and monetize its services effectively.
Adding to investor optimism, Life360 provided an upbeat outlook for the full year 2025. The company projects consolidated revenue between $450 million and $480 million, aligning closely with analyst expectations of $466.2 million. This positive guidance suggests continued growth momentum and further strengthens investor confidence in Life360's business model and market position.
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