ContextLogic Inc (OQ:WISH)

Business Focus: Shell Companies

Sector:  Financials Industry:  Holding Companies
 
See Regulatory Filings on SEC
Company Contact
Address: 2648 International Blvd., Suite 115
OAKLAND CA 94601
Tel: N/A
Website: https://ir.wish.com
IR: See website
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Key People
Rishi Bajaj
Chief Executive Officer, Director
Brett Just
Chief Financial Officer
Jerry Louis
Chief Technology Officer
Rachel Wang
Head of Data Science
   
Business Overview
ContextLogic Inc. is a mobile e-commerce company. The Company provides a shopping experience that is mobile-first and discovery-based, which connects merchants' 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.
Financial Overview
For the fiscal year ended 31 December 2023, ContextLogic Inc revenues decreased 50% to $287M. Net loss decreased 17% to $317M. Revenues reflect Core marketplace revenue segment decrease of 61% to $86M, Logistics revenue segment decrease of 42% to $177M, Northern America segment decrease of 71% to $30M, Europe segment decrease of 47% to $44M. Lower net loss reflects Advertising Expense decrease of 47% to $104M (expense).
Employees: 452 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $287.00M as of Dec 31, 2023
EBITDA (TTM): -$301.00M as of Dec 31, 2023
Net annual income (TTM): -$317.00M as of Dec 31, 2023
Free cash flow (TTM): -$344.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 24,397,997 as of Mar 7, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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