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 |
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 |