ContextLogic Inc.

WISH

US21077C3051

Investment Holding Companies

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
5.78 ^USD	+1.40%		-1.03%	-2.86%

Apr. 23	ContextLogic Inc. Announces Termination of Revolving Credit Agreement	CI
Apr. 19	ContextLogic Shareholders Approve $173 Million Asset Sale to Qoo10	MT

ContextLogic Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 07, 2023 at 04:21 pm EST

ContextLogic Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 60 million compared to USD 125 million a year ago. Net loss was USD 80 million compared to USD 124 million a year ago. Basic loss per share from continuing operations was USD 3.35 compared to USD 5.53 a year ago.
For the nine months, sales was USD 234 million compared to USD 448 million a year ago. Net loss was USD 249 million compared to USD 274 million a year ago. Basic loss per share from continuing operations was USD 10.55 compared to USD 12.32 a year ago.

Latest news about ContextLogic Inc.

ContextLogic Inc. Announces Termination of Revolving Credit Agreement	Apr. 23	CI
ContextLogic Shareholders Approve $173 Million Asset Sale to Qoo10	Apr. 19	MT
Qoo10 Pte. Ltd acquired Substantially All Operating Assets and Liabilities of Wish from ContextLogic Inc. for approximately $161 million.	Apr. 18	CI
ContextLogic Postpones Special Stockholders Meeting to Get Additional Votes for Qoo10 Deal	Apr. 12	MT
ContextLogic Inc. Announces Board Changes	Apr. 03	CI
ContextLogic Inc. Announces Chief Financial Officer Changes	Apr. 02	CI
ContextLogic Inc. Announces Chief Executive Officer Changes	Apr. 02	CI
ContextLogic Inc. Announces Board Changes	Apr. 02	CI
Earnings Flash (WISH) CONTEXTLOGIC Posts Q4 Revenue $53M, vs. Street Est of $53.1M	Mar. 04	MT
Contextlogic Inc. Discontinues Providing Guidance for the First Quarter Fiscal 2024	Mar. 04	CI
ContextLogic Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Mar. 04	CI
North American Morning Briefing : Stock Futures -2-	Mar. 04	DJ
ContextLogic to Sell Nearly All Operating Assets, Liabilities Associated With Wish Platform to Qoo10 for $173 Million	Feb. 12	MT
Transcript : ContextLogic Inc., Qoo10 Pte. Ltd. - M&A Call	Feb. 12
Qoo10 Pte. Ltd. entered into an Asset Purchase Agreement to acquire Substantially All Operating Assets and Liabilities of Wish from ContextLogic Inc. for approximately $170 million.	Feb. 11	CI
UBS Adjusts ContextLogic Price Target to $5 From $4.90, Maintains Neutral Rating	Jan. 16	MT
ContextLogic Inc. Appoints Rishi Bajaj to the Board	Dec. 01	CI
Contextlogic Inc. Announces the Launch of Wishpost Smart Parcel	Nov. 15	CI
UBS Adjusts ContextLogic Price Target to $4.90 From $6.50, Maintains Neutral Rating	Nov. 10	MT
North American Morning Briefing : Investors Weigh -2-	Nov. 10	DJ
Citigroup Upgrades ContextLogic to Neutral From Sell, Adjusts Price Target to $5.50 From $5	Nov. 09	MT
North American Morning Briefing : Traders Await -2-	Nov. 09	DJ
Loop Capital Upgrades ContextLogic to Hold From Sell, Adjusts Price Target to $4 From $6	Nov. 08	MT
Transcript : ContextLogic Inc., Q3 2023 Earnings Call, Nov 07, 2023	Nov. 07
Tranche Update on ContextLogic Inc.'s Equity Buyback Plan announced on April 20, 2023.	Nov. 07	CI

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Company Profile

ContextLogic Inc. is a mobile e-commerce company. The Company provides a shopping experience that is mobile-first and discovery-based, which connects merchantsâ products to users based on user preferences. It combines technology and data science capabilities and a discovery-based mobile shopping experience to create a visual, entertaining, and personalized shopping experience for its users. To enhance user engagement, it incorporates fresh gamified features, rich user-generated content, including photos, videos, and reviews, and a range of relevant products to make shopping more entertaining. Its Wish Platform connects millions of monthly active users in over 60 countries to thousands of active global merchants. Its platform includes a merchant dashboard with built-in analytics to help merchants sell more products and track their performance. ProductBoost is its native advertising tool for merchants, which helps them promote their products on its platform.

Sector

Investment Holding Companies

Calendar

2024-05-08 - Q1 2024 Earnings Release

Related indices

Russell 2000

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