Life360 (ASX: 360), provider of the leading family safety membership, has been added to the S&P/ASX 300 Index. The change, which will be effective March 22, 2021, came in a rebalance resulting from the March quarterly review. This announcement follows the recent release of Life360’s FY 2020 year-end financial and business results, which indicated the company’s strong performance despite COVID-19 challenges. Highlights of the company’s 2020 year-end report include the successful launch of a new family membership; normalized revenue growth of 39% year over year to $81.6 million; a global monthly active user base of 26.5 million; and average revenue per paying customer of $77.86 for the United States and $48.44 for the international space. “We are pleased to be included in S&P/ASX 300 Index which is a validation of the progress and growth achieved by the company in a challenging year,” said Life360 co-founder and CEO Chris Hulls in the press release. “We have deep expertise on the needs of today’s modern families and ambitious goals to own the entire safety ecosystem and rethink how safety is delivered to families.”
To view the full press release, visit https://ibn.fm/Y1Ok4
Life360 operates a platform for today’s busy families, bringing them closer together while creating a sense of independence by helping them better know, communicate with and protect the people they care about most. The company’s core offering, the Life360 mobile app, is a market-leading app for families, with features that range from communications to driving safety and location sharing. Based in San Francisco, Life360 has more than 26 million MAU located in 196 countries. The company’s CDIs are issued in reliance on the exemption from registration contained in Regulation S of the U.S. Securities Act of 1933 (Securities Act) for offers of securities that are made outside the country. For more information, please visit www.Life360.com.
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