Shares of Life360 (ASX:360), previously listed on ASX, saw a significant increase, leaping as much as 13.6% to reach A$9.11.

This is their highest level since January 6, 2022.

The San Francisco-based location-sharing company posted a half-yearly adjusted EBITDA of $6.2 million.

This not only compares favorably to a loss of $32.3 million from the same period a year ago, but also beat the consensus estimate of $1.7 million.

Furthermore, the company has upgraded the CY23 adjusted EBITDA guidance from a range of $5 million - $10 million to a new range of $9 million - $14 million.

The stock registered its most substantial intraday gain since May 16.

As of the last close, the stock is up 65.02% year-to-date.

Life360 (ASX:360) is a San Francisco-based location-sharing company.