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Life360 (360) Shares Plunge 23% as Profit Margins Deteriorate Despite Revenue Growth
['Trader Edge']
MoneyCheck
Life360, Inc., LIFThe company posted quarterly revenue of $159 million, representing a 38% increase compared to the year-ago period.
The metric declined to $5.1 million from $7 million during the comparable quarter last year, accompanied by deteriorating profit margins.
$671M) 🟡🔹 Adjusted EBITDA: $130M-$140M (Est.
Flat Outlook Disappoints MarketLife360 left its full-year adjusted EBITDA projection untouched, maintaining the range of $130 million to $140 million.
The disconnect between the consensus analyst price target and the current after-hours trading level could create an intriguing dynamic when regular trading resumes Tuesday morning.