OAKLAND, Calif., Aug. 07, 2025 (GLOBE NEWSWIRE) -- ContextLogic Holdings Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter and six months ended June 30, 2025. Company Update On July 24, 2025, subsequent to the quarter-end, the Company’s stockholders approved, and, on August 7, 2025, the Company completed, a reorganization under Section 251 of the Delaware General Corporation Law. Second-Quarter 2025 Financial Highlights Net loss was $5 mil ...

Group 1 - The article emphasizes the importance of identifying growth stories in stocks that are reasonably priced and possess strong economic moats [1] - It highlights the approach of conducting high-quality analysis by examining valuations, key business drivers, risk/reward scenarios, and various future scenarios [1]

ContextLogic ( OTC:LOGC ), better known by its former brand Wish.com, went from a high-flying e-commerce marketplace to ending in obscurity, after huge financial losses. That rocky history is what makes it an attractive investment today, as the companyI have been investing and trading in my personal account for over 7 years now, with respectable profits. I focus on Commodities, iGaming & Casinos and cheap asset heavy businesses. I like to hold my investments for longer periods, but here and there I make som ...

OAKLAND, Calif., July 17, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (OTCQB: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reminds stockholders to vote “FOR” the proposed reorganization plan (the “Reorganization” or “Reorganization Proposal”) at the upcoming Annual Meeting of Stockholders (the “Annual Meeting”). The Annual Meeting is scheduled to be held at 10:00 a.m. Pacific Time on July 24, 2025. Stockholders of record as of May 19, 2025 are entitled to vote. Every day that approval of the Re ...

WASHINGTON, DC 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ______ Commission File Number: 001-39775 ContextLogic Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 27-2930953 (State or other ju ...

Company Outlook The first quarter of 2025 marked a pivotal step in the Company's evolution with the completion of the previously announced strategic investment from BC Partners (the "Strategic Investment") in a subsidiary of ContextLogic, which was an important milestone in advancing our value-maximization strategy through both organic growth and value-enhancing acquisitions. Following the Strategic Investment, ContextLogic made several important changes to its board of directors. In addition to naming Ted ...

OAKLAND, Calif., May 09, 2025 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter ended March 31, 2025. First-Quarter 2025 Financial Highlights Net Loss: Net loss was $4 million, compared to a net loss of $59 million in the first quarter of fiscal year 2024.As of March 31, 2025, the Company had $64 million in cash and cash equivalents, $158 million in marketable securities and $1 million in prepaid expenses ...

Core Viewpoint - ContextLogic Inc. (WISH) announced a strategic investment from BC Partners during its Q4 2024 earnings conference call, indicating a significant development for the company [1]. Group 1: Company Overview - The conference call was led by Chairman Ted Goldthorpe and CEO Rishi Bajaj, highlighting the importance of the strategic investment [1]. - A slide deck was referenced during the call, which is available on ContextLogic's Investor Relations website, providing additional context and information [2]. Group 2: Forward-Looking Statements - The call included forward-looking statements that may involve risks and uncertainties, which could lead to actual results differing from those anticipated [3]. - The company emphasized that all statements made, other than historical facts, are considered forward-looking and are subject to change based on various factors [4].

Financial Performance - Total revenue for the year ended December 31, 2024, was $43 million, a decrease of $244 million or 85% compared to $287 million in 2023[159] - Loss from operations for 2024 was $79 million, compared to a loss of $328 million in 2023[156] - The company incurred total operating expenses of $86 million in 2024, down from $387 million in 2023, reflecting a decrease of $301 million or 78%[156] - The accumulated deficit as of December 31, 2024, was $3.3 billion, with expectations of continued losses from operations due to acquisition-related costs[134] - Interest and other income, net decreased by $10 million, or 63%, to $6 million for the year ended December 31, 2024, compared to $16 million in 2023, with a percentage of revenue increasing from 6% to 14%[165] - Provision for income taxes increased by $1 million, or 20%, to $6 million for the year ended December 31, 2024, compared to $5 million in 2023, with a percentage of revenue rising from 2% to 14%[167] Cost Management - Sales and marketing expenses decreased by $125 million or 87% to $18 million in 2024, compared to $143 million in 2023[161] - Cost of revenue decreased by $192 million or 84% to $36 million in 2024, compared to $228 million in 2023[160] - Product development expenses decreased by $126 million, or 83%, to $26 million for the year ended December 31, 2024, compared to $152 million in 2023, representing 60% of revenue in 2024 versus 53% in 2023[162][163] - General and administrative expenses decreased by $50 million, or 54%, to $42 million for the year ended December 31, 2024, compared to $92 million in 2023, accounting for 98% of revenue in 2024 versus 32% in 2023[164] Asset Management - The company completed an Asset Sale to Qoo10 on April 19, 2024, selling substantially all assets except for certain tax attributes and cash equivalents[139] - Gain on Asset Sale increased by $4 million, or 100%, to $4 million for the year ended December 31, 2024, due to the completion of the Asset Sale on April 19, 2024[166] - Following the Asset Sale, the company no longer has revenue or deferred revenue, as it has no marketplace and logistics operations[183][184] Cash Flow - As of December 31, 2024, the company had cash and cash equivalents of $66 million and marketable securities of $83 million, which are expected to meet anticipated cash needs for at least the next 12 months[169] - Net operating cash outflows were $94 million for the year ended December 31, 2024, significantly improved from $341 million in 2023, primarily driven by a net loss of $75 million[170][175] - Net cash used in investing activities was $68 million for the year ended December 31, 2024, primarily due to $168 million in purchases of marketable securities[177] - Net cash used in financing activities was $1 million for the year ended December 31, 2024, compared to $5 million in 2023, both related to tax payments for employee stock settlements[179] Workforce and Operational Changes - Workforce reductions in 2023 involved approximately 400 employees, representing about 50% of the global workforce, incurring charges of approximately $13 million[136] - The company expects to incur minimal administrative costs post-Asset Sale while overseeing remaining assets[142] Market Conditions - The company is monitoring global financial market volatility, including inflation and rising interest rates, which may adversely affect business operations[135] Valuation and Taxation - The company utilizes the Black-Scholes option pricing model and Monte Carlo Simulation model to estimate the fair value of stock options and performance stock units (PSUs) respectively[196] - The assumptions used in the valuation models involve significant judgment and can lead to materially different stock-based compensation expenses if factors change[197] - The company is subject to income taxes in the U.S. and various international jurisdictions, requiring significant estimation and judgment[198] - Deferred tax liabilities and assets are recognized for expected future tax consequences of temporary differences and net operating loss carryforwards[199]

Financial Performance - Net loss for Q4 2024 was $2 million, a significant improvement compared to a net loss of $68 million in Q4 2023, representing a reduction of approximately 97%[9] - The company reported no revenue for Q4 2024, compared to $53 million in Q4 2023, indicating a complete shift in business operations following the sale of the Wish platform[14] - Net loss for the three months ended December 31, 2024, was $2 million, compared to a net loss of $68 million for the same period in 2023[16] Cash and Liquidity - As of December 31, 2024, the company had $66 million in cash and cash equivalents and $83 million in marketable securities, totaling $149 million in liquid assets[12] - The company has approximately $225 million in liquidity available for investment, including a recent $75 million investment from BC Partners[2] - Total cash, cash equivalents, and restricted cash at the end of the period was $73 million, down from $238 million at the end of the previous year[16] - The company reported a decrease in cash equivalents and restricted cash by $165 million for the year ended December 31, 2024[16] Operating Expenses - The company incurred $4 million in general and administrative expenses during Q4 2024, primarily due to legal and employee expenses[5] - Operating expenses for Q4 2024 were $81 million, down from $86 million in Q4 2023, reflecting a reduction of approximately 6%[14] - Cash used in operating activities for the year ended December 31, 2024, was $94 million, a decrease from $341 million in 2023[16] Investments and Securities - Interest income for Q4 2024 was $2 million, with investments primarily in U.S. government instruments[6] - Purchases of marketable securities for the year ended December 31, 2024, totaled $168 million, compared to $313 million in 2023[16] - Maturities of marketable securities for the year ended December 31, 2024, were $228 million, compared to $390 million in 2023[16] - Cash disposed on asset sale, net of proceeds, was $133 million for the year ended December 31, 2024[16] Financial Position - ContextLogic had total liabilities of $5 million as of December 31, 2024, a decrease from $206 million in 2023, indicating a significant reduction in financial obligations[12] - Total current assets decreased from $410 million in 2023 to $156 million in 2024, a decline of approximately 62%[12] Strategic Outlook - The company is focusing on strategic opportunities for growth through potential acquisitions and investments, as stated in its outlook[4]