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ASX ANNOUNCEMENT 28 April 2021 March 2021 Quarterly Activities Report and Appendix 4C ( 0 ) Life360 Accelerating growth momentum as COVID subsides , with new records set for US MAU , revenue and Paying Circles San Francisco - based Life360 , Inc. ( Life360 or the Company ) ( ASX : 360 ) today released its Appendix 4C - Quarterly Cash Flow Report for the period ending 31 March 2021 together with a Business Activities Report . Appendix 4C is prepared in US dollars under US GAAP and is unaudited . Life360 Chief Executive Officer Chris Hulls said : " We are excited by Life 360's accelerating growth momentum in the March quarter , particularly in the US where the benefits of the vaccine rollout are beginning to be felt . We are encouraged that the early signs of recovery in Australia are now being replicated in our largest market , the US . Globally , new registrations are at their highest level since March 2020 , prior to the onset of COVID . In the US , organic registrations increased 13 % versus the December quarter ; additionally , the month of March delivered the strongest growth in Paying Circle additions since November 2019 and this is with our much higher priced Membership plans . It is very encouraging to see that as COVID infections and restrictions reduce , we see a corresponding positive impact on our growth rates . This reinforces our confidence that COVID is tuming from a headwind in 2020 to a tailwind in 2021 . " Yesterday we announced that we had entered into a non - binding term sheet for the acquisition of Jiobit , provider of wearable location devices for young children , pets , and seniors . The proposed acquisition represents the first stage of the strategic review previously announced in February 2021 . " We're excited about Jiobit for a number of reasons . A key pillar of Membership has been to expand our product line to all life stages , and Jiobit very naturally fills that need . Jiobit's primary customers are parents with young kids , who will age into our core demographic as their families mature . It should be noted that these new parents are largely digitally native millennials , who we see as our ultimate core audience . While Jiobit is primarily focused on younger kids today , they are already having success with pets , which is also a natural fit with our user base . The shift to seniors is something in the works , and a great addition to keep our members engaged at the other end of the age spectrum " . March 2021 Quarter Highlights Revenue growth of 20 % year - on - year to US $ 23.0 million . Annualised Monthly Revenue ( AMR ) in March 2021 was US $ 95.8 million , a year - on - year increase of 26 % . ■ ■ Cash used in operating activities of US $ ( 3.0 ) million compared with US $ ( 2.7 ) million for the December 2020 quarter and US $ ( 6.2 ) million in the March 2020 quarter . Underlying EBITDA loss ( excluding Stock Based Compensation ) of US $ ( 1.5 ) million . Global Monthly Active User ( MAU ) base of 28.0 million , matching March 2020 , prior to the impact of COVID - 19 . Global MAU increased 1.5 million from the December 2020 quarter or 6 % . Life 360 , Inc. | ARBN 629 412 942 | 539 Bryant St , Suite 402 , San Francisco , CA 94107 | investors.life360.com Page 1