2023 Q1 Form 10-K Financial Statement

#000158176023000031 Filed on March 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $68.14M $71.34M $228.3M
YoY Change 33.69% 10.36% 102.68%
Cost Of Revenue $18.31M $26.39M $79.71M
YoY Change 15.52% 95.18% 250.08%
Gross Profit $49.83M $44.95M $148.6M
YoY Change 41.89% -12.07% 65.34%
Gross Profit Margin 73.13% 63.01% 65.09%
Selling, General & Admin $37.53M $32.52M $140.5M
YoY Change 2.84% -26.82% 97.53%
% of Gross Profit 75.31% 72.35% 94.57%
Research & Development $27.20M $25.14M $102.5M
YoY Change 5.67% -11.11% 100.96%
% of Gross Profit 54.58% 55.93% 68.96%
Depreciation & Amortization $2.273M $2.368M $9.199M
YoY Change 3.27% 263.19% 950.11%
% of Gross Profit 4.56% 5.27% 6.19%
Operating Expenses $64.72M $57.66M $243.0M
YoY Change 4.01% -20.71% 98.96%
Operating Profit -$14.89M -$12.71M -$94.41M
YoY Change -45.06% -41.16% 192.64%
Interest Expense $14.00K $112.0K $1.295M
YoY Change -98.47% -115.28% -276.67%
% of Operating Profit
Other Income/Expense, Net $929.0K $525.0K $3.094M
YoY Change -9.81% -175.87% -549.06%
Pretax Income -$13.96M -$12.08M -$91.32M
YoY Change -44.51% -47.56% 171.1%
Income Tax $100.0K $228.0K $312.0K
% Of Pretax Income
Net Earnings -$14.07M -$12.30M -$91.63M
YoY Change -44.21% -46.28% 173.05%
Net Earnings / Revenue -20.65% -17.25% -40.13%
Basic Earnings Per Share -$0.21 -$1.47
Diluted Earnings Per Share -$0.21 -$0.19 -$1.50
COMMON SHARES
Basic Shares Outstanding 66.27M shares 62.33M shares 62.21M shares
Diluted Shares Outstanding 65.59M shares 62.84M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.39M $75.44M $75.44M
YoY Change -67.34% -67.34%
Cash & Equivalents $61.39M $75.44M $75.44M
Short-Term Investments
Other Short-Term Assets $22.33M $20.20M $20.20M
YoY Change 90.74% 106.15%
Inventory $8.797M $10.83M $10.83M
Prepaid Expenses $9.232M $6.925M
Receivables $30.98M $33.13M $34.56M
Other Receivables $828.0K $1.623M $1.623M
Total Short-Term Assets $125.7M $142.7M $142.7M
YoY Change -44.42% -44.49%
LONG-TERM ASSETS
Property, Plant & Equipment $755.0K $393.0K $1.195M
YoY Change -32.24% -45.85%
Goodwill $133.7M $133.7M
YoY Change 329.45%
Intangibles $50.81M $52.70M
YoY Change 559.89%
Long-Term Investments
YoY Change
Other Assets $51.00K $136.0K $3.307M
YoY Change -62.94% -18.26%
Total Long-Term Assets $195.5M $197.0M $197.0M
YoY Change 331.06% 331.06%
TOTAL ASSETS
Total Short-Term Assets $125.7M $142.7M $142.7M
Total Long-Term Assets $195.5M $197.0M $197.0M
Total Assets $321.1M $339.6M $339.6M
YoY Change 12.32% 12.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.517M $13.79M $13.79M
YoY Change 324.6% 324.6%
Accrued Expenses $14.41M $12.53M $12.53M
YoY Change 18.83% 20.79%
Deferred Revenue $30.14M $30.06M
YoY Change 115.78%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.870M $3.513M $3.513M
YoY Change -16.79% -16.79%
Total Short-Term Liabilities $80.61M $87.65M $87.65M
YoY Change 111.48% 111.48%
LONG-TERM LIABILITIES
Long-Term Debt $2.807M $4.060M $4.060M
YoY Change -50.99% -50.99%
Other Long-Term Liabilities $497.0K $576.0K $3.383M
YoY Change -52.2% 30.07%
Total Long-Term Liabilities $497.0K $576.0K $7.443M
YoY Change -52.2% -31.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.61M $87.65M $87.65M
Total Long-Term Liabilities $497.0K $576.0K $7.443M
Total Liabilities $86.31M $95.09M $95.09M
YoY Change 81.71% 81.71%
SHAREHOLDERS EQUITY
Retained Earnings -$271.0M -$257.0M
YoY Change 55.42%
Common Stock $68.00K $67.00K
YoY Change 9.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $234.8M $244.5M $244.5M
YoY Change
Total Liabilities & Shareholders Equity $321.1M $339.6M $339.6M
YoY Change 12.32% 12.2%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$14.07M -$12.30M -$91.63M
YoY Change -44.21% -46.28% 173.05%
Depreciation, Depletion And Amortization $2.273M $2.368M $9.199M
YoY Change 3.27% 263.19% 950.11%
Cash From Operating Activities -$9.199M -$2.158M -$57.06M
YoY Change -57.29% -70.17% 369.47%
INVESTING ACTIVITIES
Capital Expenditures $26.00K -$113.4M $0.00
YoY Change 139901.23% -100.0%
Acquisitions $0.00 $110.9M
YoY Change -100.0% 3618.84%
Other Investing Activities $0.00 -$110.9M -$110.9M
YoY Change 2374.53% 1488.62%
Cash From Investing Activities -$374.0K $2.468M -$111.6M
YoY Change -99.67% -154.08% 1480.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $32.22M
YoY Change 809.26%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$4.703M 31.18M $27.71M
YoY Change -638.72% -83.79% -85.71%
NET CHANGE
Cash From Operating Activities -$9.199M -2.158M -$57.06M
Cash From Investing Activities -$374.0K 2.468M -$111.6M
Cash From Financing Activities -$4.703M 31.18M $27.71M
Net Change In Cash -$14.28M 31.49M -$141.0M
YoY Change -89.28% -82.56% -180.68%
FREE CASH FLOW
Cash From Operating Activities -$9.199M -$2.158M -$57.06M
Capital Expenditures $26.00K -$113.4M $0.00
Free Cash Flow -$9.225M $111.2M -$57.06M
YoY Change -57.17% -1655.19% 372.62%

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Nature of BusinessLife360, Inc. is a leading technology platform used to locate the people, pets and things that matter most to families. The Company was incorporated in the State of Delaware in 2007. The Company’s core offering, the Life360 mobile application, includes features that range from communications to driving safety and location sharing. The Company operates under a “freemium” model where its core offering is available to users at no charge, with three membership subscription options that are available but not required. The Company also generates revenue through monetization arrangements with certain commercial third parties (“Data Revenue Partners”) through Lead Generation and license agreements (including aggregated insights into the data collected from the Company’s user base). On September 1, 2021, the Company acquired all ownership interests of Jiobit. Jiobit is a provider of wearable location devices for young children, pets, and seniors. On January 5, 2022, the Company acquired all ownership interests of Tile. Tile is a smart location company whose products include a Bluetooth enabled device and related accessories that work in tandem with the Tile application to enable its customers to locate lost or misplaced objects.
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Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of revenue and expenses during the reporting period. Significant estimates made by management include, but are not limited to, the determination of revenue recognition, including the determination of selling prices for distinct performance obligations sold in multiple-performance obligation arrangements, the period over which revenue is recognized for certain arrangements, and estimated delivery dates for orders with title transfer upon delivery, accounts receivable allowance, product returns, promotional and marketing allowances, inventory valuation, average useful customer life, stock-based compensation, legal contingencies, assessment of possible impairment of long-lived assets and goodwill, valuation of contingent consideration, convertible notes and Embedded Derivatives, useful lives of long lived assets and income taxes including valuation allowances on deferred tax assets. The Company bases its estimates and judgments on historical experience and on various assumptions that it believes are reasonable under the circumstances. Actual results could differ significantly from those estimates.
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367000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
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7134000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
3691000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
800000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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800000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1600000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
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1600000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
300000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
2345000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1470000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1422000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
829000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
829000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
813000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
2400000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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61801000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9102000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
414000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52699000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7986000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8700000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8944000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8944000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8864000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8442000 usd
CY2022Q4 lifx Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
17505000 usd
CY2022Q4 lifx Finite Lived Intangible Assets Net Excluding Assets Not Yet In Service
FiniteLivedIntangibleAssetsNetExcludingAssetsNotYetInService
52699000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
61801000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9102000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52699000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8400000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
414000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7986000 usd
CY2021Q4 us-gaap Goodwill
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31127000 usd
CY2022 us-gaap Goodwill Acquired During Period
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102547000 usd
CY2022Q4 us-gaap Goodwill
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133674000 usd
CY2022Q4 lifx Accrued Vendor Expenses Current
AccruedVendorExpensesCurrent
4868000 usd
CY2021Q4 lifx Accrued Vendor Expenses Current
AccruedVendorExpensesCurrent
7478000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3900000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1324000 usd
CY2022Q4 lifx Customer Related Promotions And Discounts Payable Current
CustomerRelatedPromotionsAndDiscountsPayableCurrent
10871000 usd
CY2021Q4 lifx Customer Related Promotions And Discounts Payable Current
CustomerRelatedPromotionsAndDiscountsPayableCurrent
0 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
813000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1574000 usd
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
2952000 usd
CY2021Q4 us-gaap Contract With Customer Refund Liability Current
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0 usd
CY2022Q4 us-gaap Other Liabilities Current
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3611000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
171000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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27015000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
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10547000 usd
CY2022Q4 lifx Escrow Liability Current
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13300000 usd
CY2021Q4 lifx Escrow Liability Noncurrent
EscrowLiabilityNoncurrent
200000 usd
CY2022Q4 lifx Deposit Liabilities Noncurrent
DepositLiabilitiesNoncurrent
78000 usd
CY2021Q4 lifx Deposit Liabilities Noncurrent
DepositLiabilitiesNoncurrent
916000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
498000 usd
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
0 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
289000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
576000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1205000 usd
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
700000 usd
CY2022Q4 us-gaap Convertible Debt
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7573000 usd
CY2021Q4 us-gaap Convertible Debt
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12506000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3365000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3365000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2110000 usd
CY2022Q4 lifx Long Term Debt Maturity Year Five And After
LongTermDebtMaturityYearFiveAndAfter
0 usd
CY2022Q4 lifx Long Term Debt Before Fair Value Adjustment
LongTermDebtBeforeFairValueAdjustment
8840000 usd
CY2022Q4 lifx Long Term Debt Fair Value Adjustment
LongTermDebtFairValueAdjustment
-1267000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
7573000 usd
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
700000 usd
CY2021 lifx Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
derivative liability
CY2022 lifx Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
derivative liability
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
100000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1400000 usd
CY2022Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
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138900000 usd
CY2021Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
11000000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
108426000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1908934 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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11.93
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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458422 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.19
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
242048 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
7.28
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.05
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M9D
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2021Q4 lifx Common Stock Subject To Repurchase
CommonStockSubjectToRepurchase
108592 shares
CY2022Q4 lifx Common Stock Subject To Repurchase
CommonStockSubjectToRepurchase
108592 shares
CY2022Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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2645503 shares
CY2022Q4 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
33300000 usd
CY2021Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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7779014 shares
CY2021Q4 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
198800000 usd
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
16011495 shares
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
14525828 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
137658 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
272001 shares
CY2022Q4 lifx Share Based Compensation Arrangement By Share Based Payment Award Grant Date Fair Value Percentage
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateFairValuePercentage
1
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.61
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M15D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
40827000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5576142 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.04
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y5M23D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
29295000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
27294447 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
396347 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.33
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.65
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.91
CY2022Q4 lifx Share Based Compensation Arrangement By Share Based Payment Award Options Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValue
9.94
CY2021Q4 lifx Share Based Compensation Arrangement By Share Based Payment Award Options Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValue
21.16
CY2020Q4 lifx Share Based Compensation Arrangement By Share Based Payment Award Options Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValue
8.77
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4100000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
15100000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4700000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
29300000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
80600000 usd
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
20900000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34680000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11938000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8091000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-91800000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
300000 usd
CY2022 lifx Income Tax Expense Benefit Excluding Adjustments For Timing Differences
IncomeTaxExpenseBenefitExcludingAdjustmentsForTimingDifferences
100000 usd
CY2021 lifx Income Tax Expense Benefit Excluding Adjustments For Timing Differences
IncomeTaxExpenseBenefitExcludingAdjustmentsForTimingDifferences
-100000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.02
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
-0.04
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.02
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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0.06
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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0.03
CY2022 lifx Effective Income Tax Rate Reconciliation Fair Value Adjustment Percent
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0.02
CY2021 lifx Effective Income Tax Rate Reconciliation Fair Value Adjustment Percent
EffectiveIncomeTaxRateReconciliationFairValueAdjustmentPercent
-0.03
CY2020 lifx Effective Income Tax Rate Reconciliation Fair Value Adjustment Percent
EffectiveIncomeTaxRateReconciliationFairValueAdjustmentPercent
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.02
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.01
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.19
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.25
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.28
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
2534000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
314000 usd
CY2022Q4 lifx Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
213000 usd
CY2021Q4 lifx Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
432000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
281000 usd
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
157000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
62565000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
36826000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
6353000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2561000 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
21170000 usd
CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
9569000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
8017000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
102685000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
48307000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
210000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
378000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
12829000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1018000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
13039000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1396000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
89646000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
46911000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
42700000 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
12900000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11100000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4600000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3584000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1004000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4588000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1327000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5176000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11091000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-91629000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-33557000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16334000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62209545 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51656195 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49346050 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.47
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.65
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-91629000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-33557000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16334000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-94195000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-33557000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-16334000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
62209545 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51656195 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49346050 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62839593 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51656195 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49346050 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.50
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.65
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15494737 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14525828 shares

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