Life360 – Tracking well

August 15, 2024

Life360 (360) offers a technology platform to locate the people, pets and things that matter most to families. The company’s core offering – its Family Tracking App – includes features ranging from communications, crash and roadside assistance and identify theft protection to location sharing. The company had around 71 million monthly active users across more than 170 countries as of June 2024.

‍

The company delivered another extremely strong result in the June quarter of 2024, beating Ord Minnett expectations for adjusted operating earnings and operating cash flow by 50% and 100%, respectively. Guidance for calendar 2024 was materially upgraded at both the revenue and adjusted operating earnings lines, while profitability at the statutory operating earnings level has been brought forward to the December quarter of 2024 from the first half of 2025.

‍

Encouragingly, 360’s platform continues to strengthen – with a new record for additions to its ‘Paying Circles’ product in the June quarter, while improved unit economics and incremental operating earnings margins of 40% were also demonstrated. Following the result, we raised our price target to $19.28 from $16.42 and reiterated our Buy recommendation.

‍

Insights that count

Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.

CSL (CSL) - Vifor challenges

CSL engages in the research, development, manufacture, marketing and distribution of biopharmaceutical products, principally plasma-derived treatments from its Behring division, nephrology therapies from its Vifor business, and vaccines from its Seqirus division

Learn More

Jun

Wesfarmers (WES) - AI-ming high

Wesfarmers is a retail and industrial conglomerate that owns the Bunnings hardware chain, Kmart discount department stores and Officeworks supplies chain, and the Wesfarmers chemicals, energy and fertiliser (WESCEF) business.

Learn More