Life360 Shs Chess Depository Interests Repr 3 Sh (AU:360) has released an update.
Life360 has reported a solid performance against its CY23 Earnings Guidance, with no material difference in core subscription revenue, hardware revenue, and other revenue targets, while achieving a higher than forecasted Adjusted EBITDA (AEBITDA) and Operating Cash Flow (OCF). The company asserts that despite these positive results exceeding their guidance, the variances are not expected to significantly impact the market price of its securities. Life360’s financial outcomes are also in line with market expectations, as derived from the average of sell-side analysts’ forecasts, indicating a stable financial position.
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