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ContextLogicNASDAQ: WISH

Profile

Country:

United States

IPO:

16 December 2020

Next earnings report:

N/A

Last dividends:

N/A

Next dividends:

N/A
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Dividend

No data over the past 3 years
$36.00 M$7.95 M
$36.00 M-$59.00 M

Analysts recommendations

Institutional Ownership

Included in screeners

No data

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WISH Latest News

ContextLogic ($WISH) narrows loss to 68 million in Q4
Invezz04 March 2024 Sentiment: NEGATIVE

ContextLogic Inc is trading down in extended hours on Monday after reporting disappointing financial results for the fourth quarter. This is a developing story.

Wish to Announce Fourth Quarter and Full Year 2023 Results on March 4, 2024
GlobeNewsWire27 February 2024 Sentiment: NEGATIVE

SAN FRANCISCO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today announced it will report its fourth quarter and full year 2023 financial results after the close of market on Monday, March 4, 2024. In light of the pending transaction that was announced on February 12, 2024, the Company will not host a conference call or live webcast to discuss these financial results.

Wish's deep discount sale to Singapore's Qoo10 ramps up competition for Temu and Shein
CNBC12 February 2024 Sentiment: NEGATIVE

Wish's new owner faces steep competition from Chinese discount retailers Temu and Shein, which have been on an ad-spending blitz to attract American shoppers.

ContextLogic to Sell Wish eCommerce Platform to Qoo10
PYMNTS12 February 2024 Sentiment: POSITIVE

ContextLogic has announced an agreement to sell a significant portion of its operating assets and liabilities, including its eCommerce platform Wish, to Qoo10, an eCommerce platform operating in Asia. The transaction is valued at approximately $173 million in cash, ContextLogic said in a Monday (Feb. 12) press release.

WISH Stock: ContextLogic Surges 20% as It Explores Strategic Alternatives
InvestorPlace08 November 2023 Sentiment: POSITIVE

ContextLogic (NASDAQ: WISH ), the owner of the Wish.com e-commerce website, saw its stock surge more than 20% on Wednesday after management announced the board was exploring a range of strategic alternatives for the business. Though actual Q3 revenues of $60 million beat Wall Street expectations by 4.6%, these sales figures represented a steep 52% decrease from last year's Q3 revenue of $125 million.

ContextLogic Inc. (WISH) Q3 2023 Earnings Call Transcript
Seeking Alpha07 November 2023 Sentiment: POSITIVE

ContextLogic Inc. (WISH) Q3 2023 Earnings Call Transcript

ContextLogic: Not Even Liquidation Can Save This Stock
Seeking Alpha26 September 2023 Sentiment: NEGATIVE

An activist investor put out a letter to the board of WISH urging them to cease operations and return the cash to shareholders. We find that the net cash per share is lower than what the activist says and we believe it is not worth taking the risk. Liquidation news or a short squeeze can make the stock jump in the short-term. However, be aware of the risk associated with this trade.

ContextLogic, Inc. (WISH) Q2 2023 Earnings Call Transcript
Seeking Alpha03 August 2023 Sentiment: POSITIVE

ContextLogic, Inc. (NASDAQ:WISH ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Ralph Fong - Head of IR Joe Yan - CEO Vivian Liu - CFO & COO Conference Call Participants Kunal Madhukar - UBS Laura Champine - Loop Capital Markets Operator Good day and thank you for standing by. Welcome to WISH's Second Quarter 2023 Earnings Conference Call.

ContextLogic: Cash Shortage Looming - A Warning For Investors
Seeking Alpha13 June 2023 Sentiment: NEGATIVE

I have a bearish outlook on ContextLogic Inc. due to a potential cash shortage within a year, caution against investing. Declining active buyer and monthly active user numbers contradict ContextLogic's value proposition. Bleak near-term prospects for ContextLogic with little revenue growth indicated, despite some analyst predictions.

ContextLogic: $17 Billion To A Negative Enterprise Value In Just Over 2 Years
Seeking Alpha20 May 2023 Sentiment: NEGATIVE

ContextLogic has been a veritable poster child for a terrible investment. Shares have lost 99% of value since its IPO in late 2019 and it now trades at a steep discount to cash.

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What type of business is ContextLogic?

ContextLogic Inc. is an American company that operates in the field of e-commerce. The company was founded in 2010 in the state of Delaware and is based in San Francisco, California. The company manages the Wish.com marketplace. The website offers affordable products, primarily produced by Chinese companies. ContextLogic is working on expanding its number of partners, offering services to companies in Europe, North America, and South America. The total number of sellers using the Wish marketplace is around 500 thousand, and the total number of users has exceeded 100 million. Access to the site is also provided through a mobile application, which accounts for 90% of purchases. The company's strategy is based on the fact that most families have low incomes and cannot afford expensive brand-name purchases. The Wish marketplace democratizes e-commerce, making it accessible to everyone.

What sector is ContextLogic in?

ContextLogic is in the Consumer Cyclical sector

What industry is ContextLogic in?

ContextLogic is in the Internet Retail industry

What country is ContextLogic from?

ContextLogic is headquartered in United States

When did ContextLogic go public?

ContextLogic initial public offering (IPO) was on 16 December 2020

What is ContextLogic website?

https://www.wish.com

Is ContextLogic in the S&P 500?

No, ContextLogic is not included in the S&P 500 index

Is ContextLogic in the NASDAQ 100?

No, ContextLogic is not included in the NASDAQ 100 index

Is ContextLogic in the Dow Jones?

No, ContextLogic is not included in the Dow Jones index

When was ContextLogic the previous earnings report?

No data

When does ContextLogic earnings report?

Next earnings report date is not announced yet