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Global leading location and tracking app Life360 (ASX:360) released impressive unaudited second quarter and first half FY22 results today.

For the second quarter, Life360 reported that subscription revenue surged 88% year on year, monthly active users rose 29% to 42 million and annualised monthly revenue (excluding hardware) jumped 65% to US$174m.

Adjusted EBITDA widened to a US$18.7m loss reflecting the peak period of investment in Life360’s launch of a hardware and software bundle with the Tile product.

Life360 is shifting focus towards a primary strategy of bundling inventory with the software subscription.

For the first half, revenue almost doubled on the prior corresponding period to US$69.1m. The company also continues to expect sustainable positive cash flow late in CY23 but expects to deliver positive cash flow in Q4 of FY22.

The company has upgraded its guidance for Life360’s subscription revenue growth and narrowed the range of consolidated revenue and adjusted EBITDA.

Investors have responded favourably to the results, with Life360 shares trading more than 4.5% in the opening hours of trade.