Life360 (LIF) reported earnings on Mon 12 May 25 (a/h)

Life360 provides technology for tracking family, pets and valuables. The company sells Tile-brand tracking devices.

• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 455
• Incorporated in 2007
• Headquartered in San Mateo, California
• https://intl.life360.com 

ticker: LIF

 

 ** charts after earnings **

Life360 (LIF) — a provider of tracking services for family, pets and valuables — late Monday beat Wall Street's revenue estimate for the first quarter but came up short on total users. Its full-year sales guidance also was light. Life360 stock fell in extended trading.

The San Mateo, Calif.-based company said it earned 5 cents a share on sales of $103.6 million in the March quarter. In the year-earlier period, it lost 14 cents a share on sales of $78.2 million. Analysts polled by FactSet had expected sales of $101.4 million in the first quarter.

Life360 ended the period with 83.7 million global monthly active users, up 26% year over year. However, analysts were expecting 84.5 million.

The company also added 137,000 accounts to its subscription offering, ending the period with 2.4 million Paying Circles worldwide. A Paying Circle is a group of Life360 members with a paying subscription.

Life360 describes itself as a "family connection and safety company." It sells Tile-brand tracking devices and subscription services for families to keep track of loved ones and valuable items like purses, wallets, car keys and bikes.

Earnings this week : May 12 - 16, 25 (wk 20)

Monday (May 12)

• Morning: CTRI DOLE FOXA FTRE HBM MAC METC MNDY NRG PRKS RDNT SBH SDRL SGRY SRAD SWX WTRG
• Afternoon: ACHC ARWR BCO CNNE DVA GCT GETY HPK HTZ IAS INDI LIF MLNK MODG NFE PLUG POWI RPAY RPD SARO SPG VTLE XENE ZI

Tuesday (May 13)

• Morning: CAMT CYBR HUYA IGT IMOS JD LEGN LOAR ONON PSFE SE SLAB TME UAA
• Afternoon: CAE ECG EXEL KLC KRMN OKLO WBTN

Wednesday (May 14)

• Morning: ARCO CLBT DAVA DT GLBE KRNT RSKD SFL SONY SRRK TSEM
• Afternoon: AEVA BLTE BODI BOOT BTOC BZAI CRWV CSCO CSWC DERM DLO DXC ECO FIHL FOSL FVR GCTS IBTA ICU IREN JACK KARO LAZR LPA LVLU MDXH MGRM NFE NXT SDST SHIM SNAL SPIR STE TBN TMC TOI USAR XOS

Thursday (May 15)

• Morning: AZUL BABA BEKE BIRK BTDR BTM CSIQ DAO DDS DE GAMB GOTU HAFN LAC MRX NICE NTES ONDS SGML TE TIC VEON VRAR WMS WMT ZBIO ZK
• Afternoon: ACOG AENT AMAT AREN BAP BEEM BFRI BNZI BTBT CAVA DFLI DOCS DUOT FLD FTLF GLOB GOSS GWH INV IPW KULR LGCY LPTH MFG NGG NRXP NVVE OMER ORGN PKE PLBY QSI QUBT RNXT SCWO SIDU SLE SOBO SPCE SRTS SRXH SUNE TIVC TRAK TSSI TTWO VENU VVOS WKSP WYY XPON

Friday (May 16)

• Morning: BRC FLO RBC

===D-Wave Quantum (QBTS) reported earnings on Thur 8 May 25 (b/o)

 

D-Wave Quantum (QBTS) on Thursday reported a smaller-than-expected first quarter loss while revenue topped views as investors focus on the near-term growth outlook for quantum computing stocks.

For the March quarter, D-Wave reported a 2-cent loss on an adjusted basis versus an 11-cent loss a year earlier. Revenue rose 509% to $15 million.

Wall Street analysts had forecast a 4-cent loss on revenue of $10.5 million.

Q1 bookings fell 64% to $1.6 million, the company said.

Further, D-Wave in February won a big deal in Germany. The Jülich Supercomputing Centre bought one of D-Wave's quantum systems.

==IonQ (IONQ) reported earnings on Wed 7 May 25 (a/h)

 

IonQ (IONQ) reported a smaller first quarter loss from a year earlier, in line with estimates, while revenue also met expectations. Further, IonQ announced two new acquisitions.

IonQ said it will acquire Lightsynq Technologies, a Boston-based startup founded by former Harvard University quantum memory experts. Also, IonQ said it has agreed to buy Capella Space. It called Capella a "a signals platform leader for top-secret government and commercial applications."

Meanwhile, IonQ this week completed the acquisition of a controlling stake in ID Quantique. Also, IonQ last year acquired a quantum networking company called Qubitekk.

Quantum Computing Stocks: IonQ Targets Networking

The company is expanding from quantum compute into building quantum key distribution (QKD) networks, eyeing U.S. government business. The quantum communications networks would include satellite to satellite links in space and satellite to ground station links.

"China has announced progress on QKD in space and is imperative for economic and national security that we lead in all dimensions, theaters and segments of quantum networking," said IonQ Chief Executive Niccolo de Masi on its earnings call with Wall Street analysts.

Cybersecurity is a growing concern. Quantum computers are expected to eventually overpower current data encryption technologies. And, hackers could make use of that capability. So quantum communications networks will be needed to support quantum computers located in data centers, analysts say.