OTC$LOGC
Contextlogic Holdings Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported financial results for the first quarter of 2024.
ContextLogic Inc. reported a decrease in revenue by 63% year-over-year, with a net loss of $59 million. The company completed the sale of substantially all of its assets to Qube Network Pte. Ltd. after the quarter ended.
- Revenues were $36 million, a decrease of 63% YoY.
- Core Marketplace revenues were $11 million, down 61% YoY.
- Net Loss was $59 million, compared to a net loss of $89 million in the first quarter of fiscal 2023.
- As of March 31, 2024, the company had $250 million in cash and cash equivalents.
Headline financials
Revenue & EPS history
Wish · Revenue · Quarterly
$36M
Revenue by segment
Wish · $12.1M total across 2 segments · Q1 2026
- Packaged$10.3M—85.1%
- Non-packaged$1.8M—14.9%
Forward guidance
Due to the sale of operating assets and liabilities in the Asset Sale, ContextLogic has discontinued providing guidance.
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 2024
-1.5%
Avg return
Earnings day
-4.4%
Avg return
5 days after
-8.6%
Avg return
30 days after
39%
9 / 23 earnings
Positive
+7.8%
Q1 2023
Best reaction
-10.3%
Q4 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.3% | +1.4% | — | |
| 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 | — | — | — |
Discussion
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