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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 86M | 12.8% |
| Gross Profit | 64M | 6% |
| Cost of Revenue | 63M | 5% |
| Operating expense | 105M | 0.5% |
| Net Income | -11M | 12.1% |
| EBITDA | -63,000 | 98.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 406M | 27.3% |
| Total Liabilities | 79M | 0.4% |
| Total Equity | 327M | 36.2% |
| Shares Outstanding | 74M | 6.8% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 3.3M | 69.6% |
| Cash from investing | -1.2M | 13.3% |
| Cash from financing | 85M | 1595.7% |
EPS
Financial Highlights for Life360 in Q2 '24
Life360 reported a revenue of 86M, which is a 12.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 64M, marking a 6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 63M, a 5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 105M, showing a -0.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -11M, showing a -12.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -63,000, showing a 98.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Life360 faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
