🔴 Life360 is trading 19.90% down in pre-market after lower EPS and reduced hardware guidance

Life360 is trading at $51.75, down 19.90% in pre-market after mixed Q2 earnings and investor concerns over diluted EPS and guidance.

• Record Q2 revenue reached $159.0 million, up 38% year over year; advertising revenue was $22.0 million.
• Concerns centered on $0.06 diluted EPS, lower net income, unchanged full-year revenue and EBITDA guidance, and reduced hardware guidance.
• The earnings-related selloff followed reports of a sharp after-hours decline despite strong user and subscription growth.