April 28, 2020 / 10:38 PM / a month ago

BRIEF-Life360 Says March Quarter Revenue US$19.1 Mln, Up 71%

April 29 (Reuters) - Life360 Inc:

* QTRLY US MAU BASE OF 16.7 MILLION, UP 49%

* CASH BALANCE OF US$57.5 MILLION AT MARCH 2020 WITH NO DEBT

* PAID USER ACQUISITION SPEND OF US$4.0 MILLION IN MARCH QUARTER, DOWN 24%

* IMPACT OF COVID-19 EXPECTED TO BE GREATER IN Q2 THAN IN Q1

* OPERATING CASH OUTFLOW IN CY20 EXPECTED TO REDUCE VERSUS CY19

* Q2 MAU & PAYING CIRCLES LIKELY TO BE SLIGHTLY DOWN ON Q1 LEVELS, WITH GROWTH EXPECTED TO RESUME IN Q3 Source text reut.rs/2Sfvqob Further company coverage:

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