April 29 (Reuters) - Life360 Inc LIFX.PK :
- MARCH QUARTER REVENUE US$19.1 MILLION, UP 71%
- 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 https://reut.rs/2Sfvqob
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