Life360 Inc. (ASX:360) saw its shares surge 9.90% in Tuesday's trading session following the release of its impressive first-quarter earnings report. The company, which provides location-based services for families, reported a notable turnaround in its financial performance, surpassing analyst expectations.
Life360 posted a net income of $0.05 per diluted share for Q1 2025, marking a significant improvement from the $0.14 per share loss recorded in the same period last year. This result came as a pleasant surprise to analysts who had anticipated a loss of $0.01 per share. The company's total revenue for the quarter reached $103.6 million, representing a substantial 32.5% increase from $78.2 million in the previous year and beating the FactSet analyst consensus of $101.4 million.
Adding to the positive sentiment, Life360 provided an optimistic outlook for the full year 2025, projecting consolidated revenue in the range of $450 million to $480 million. This forecast aligns well with analyst expectations of $466.2 million in sales for the year. The combination of strong Q1 results and a robust forward-looking guidance appears to have fueled investor enthusiasm, driving the stock's significant intraday gain.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.