SAN FRANCISCO, 14 March 2021 (GLOBE NEWSWIRE) – through InvestorWire – Life360, Inc. (ASX: 360), the leading family safety membership, announced today that it has been added to the S & P / ASX 300 index in rebalancing as a result of the March quarterly review. . The change will take effect at the opening of trading on March 22, 2021.
The addition to the S & P / ASX 300 index comes on the heels of 2020 Life360 full-year results and the company’s strong performance despite COVID-19 challenges. Investors can see the company’s end-of-year 2020 earnings presentation here.
“We are delighted to be included in the S & P / ASX 300 Index which is a testament to the progress and growth the company has achieved in a challenging year,” said Chris Hulls, Co- founder and CEO. “We have an in-depth knowledge of the needs of today’s families and ambitious goals to own the entire safety ecosystem and rethink how safety is delivered to families. ”
CY20’s key events and achievements include:
- New Family Membership was successfully launched to U.S. consumers with a 34 percent increase in ARPPC for new subscribers.
- Average revenue growth of 39 percent YoY to US $ 81.6 million. Annual monthly income (AMR) for December 2020 was US $ 89.7 million, a YoY growth of 19%.
- Global monthly active user base (MAU) of 26.5 million, down 2% YoY. US MAU base of 17.0 million, up 4% YoY.
- Paying circles around 890,000, up 8% YoY, reflecting strong retention rates in the COVID19 environment, particularly in the US.
- Average revenue per paying customer (ARPPC) for CY20 H2 of US $ 77.86 for US and US $ 48.44 for International, up 11% and down 1% respectively YoY.
- Subsidiary income retention is higher than 100% despite the effects of COVID-19 in CY20 H1.
About Life360
Life360 operates a platform for today’s busy families, bringing them closer together while creating a sense of independence by helping them to better experience, communicate with and protect. of the people in their care about the majority. The company’s core offering, the Life360 mobile app, is a flagship app for families, with features ranging from communication to driving safety and space sharing. Life360 is based in San Francisco and has over 26 million MAUs as of December 2020, located in 195 countries.
Life360 CDIs are issued subject to exemption from registration contained in Rule S of the U.S. Securities Act of 1933 (Securities Act) for offers of securities made outside the U.S. Accordingly, the CDIs have not, and will not, be registered under the Securities Act or the laws of any other state or jurisdiction in the United States. As a result of reliance on Rule S, the CDIs are ‘restricted securities’ under Rule 144 of the Securities Act. This means that you can only sell the CDIs into the US or to a non-US person in the future QIBs in very limited circumstances until after the end of the limited period, unless -a resale of CDIs is not registered under the Securities Act or exemption is available. To implement the above movement restrictions, the ASX has a Financial Goods specification on all issued CDIs. This specification restricts any CDIs from being sold on ASX to U.S. individuals except QIBs. However, you can still freely transfer your CDIs to ASX to anyone other than a non-QIB. In addition, hedge transactions in respect of CDIs may only be conducted in accordance with the Securities Act.
Contact Investment Relations:
Jolanta Masojada
[email protected]
Contact the media:
Kira Cooper
[email protected]