Life360 (ASX:LIFX) has announced an updated guidance for CY23, which anticipates the positive adjusted EBITDA to range between $9 million and $14 million.

The Family-Network company also reiterated its expectation that the core Life360 subscription revenue will grow by more than 50% on a year-on-year basis.

Furthermore, they maintain consolidated revenue and a positive cash flow from operations as part of the CY23 guidance.

Life360 is a software company that provides location-based services including shared location and safety alerts.