OTC$LOGC

Contextlogic Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter 2022 financial results, noting progress in turnaround with increased NPS and lower post shipment refunds.

Wish reported its Q1 2022 financial results, showing progress in its turnaround efforts, including a doubling of NPS and lower post shipment refunds. The company plans to ramp up advertising spend earlier than planned due to these positive signs.

  • Saw progress in turnaround in a few short months, including a doubling of NPS.
  • Experienced lower post shipment refunds.
  • Confident that consumers will return to the Wish marketplace as advertising spend is ramped up in June instead of August.
  • Planning new initiatives, including the launch of a Women's Fashion Category and the rebranding of Wish.

Headline financials

Total Revenue

$189M

Previous: $772M-75.5%
EPS (adj)

-$1.80

Previous: -$6.30+71.4%
Capital Expenditures

$2M

No prior period
Free Cash Flow

-$148M

Previous: -$354M+58.2%
Net Income

-$56M

Previous: -$128M+56.3%
Operating Income

-$62M

No prior period
Gross Profit

$64M

No prior period
Cash & Equivalents

$760M

No prior period
Total Assets

$1.12B

No prior period
Stock-Based Comp

-$2M

No prior period

Revenue & EPS history

Wish · Revenue · Quarterly

$189M

Q1 2022-75.5%vs Q1 2021
Beat estimate in 0 of 12 quarters(0%)
ActualEstimate

Revenue by segment

Wish · $12.1M total across 2 segments · Q1 2026

  • Packaged
    $10.3M
  • Non-packaged
    $1.8M

Forward guidance

Wish expects the following financial results for Adjusted EBITDA in the period presented below:

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.5%

Avg return

Earnings day

-4.4%

Avg return

5 days after

-7.5%

Avg return

30 days after

39%

9 / 23 earnings

Positive

+7.8%

Q1 2023

Best reaction

-10.3%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%+1.4%+15.6%
Q4 2025+1.2%+1.8%+4.2%
Q4 2026+1.2%+1.8%+4.2%
Q3 2025+0.5%+0.4%-1.0%
Q2 2025-1.2%-0.1%+7.4%
Q1 2025+0.0%+1.5%-1.5%
Q4 2024+6.7%+6.3%-6.4%
Q3 2024+0.8%+5.4%+27.8%
Q2 2024+2.7%+1.7%-1.1%
Q1 2024-2.0%+3.0%+1.7%
Q4 2023-1.2%-2.6%-12.7%
Q3 2023-0.9%+17.8%+24.4%
Q2 2023+5.5%-21.8%-33.8%
Q1 2023+7.8%+11.9%-1.6%
Q4 2022+0.4%-31.6%-45.6%
Q3 2022-7.9%+13.0%-9.8%
Q2 2022-9.2%-8.6%-34.1%
Q1 2022-10.1%-27.0%-5.3%
Q4 2021-4.2%-19.8%-5.1%
Q3 2021-7.1%-5.6%-34.8%
Q2 2021-4.3%-29.3%-30.8%
Q1 2021-2.6%-25.5%-15.1%
Q4 2020-10.3%+4.9%-19.4%
Q3 2020
Q2 2020
Q1 2020
Q4 2019

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