Life360, a provider of location-sharing and family safety services, reported Q2 revenue rose 38% year-over-year to $159 million, with GAAP earnings falling from $0.08 to $0.06 per diluted share. Despite solid results, the company's stock dropped significantly as investors were reportedly disappointed by unchanged full-year profitability and top-line revenue guidance, viewing it as a sign of slowing growth. The company also announced accelerated exit from hardware sales in retail channels, while boosting its full-year subscription revenue range.