PART I. FINANCIAL INFORMATION This section covers unaudited financial statements, management's analysis, market risk, and internal controls [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20%28Unaudited%29) Unaudited Q3 2023 financials show significant declines in assets, revenue, and net income, plus a reverse stock split [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $492 million from $799 million, primarily due to reduced cash and marketable securities Condensed Consolidated Balance Sheet Highlights (in millions) | Account | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $303 | $506 | | Marketable securities | $142 | $213 | | Total current assets | $478 | $777 | | **Total assets** | **$492** | **$799** | | **Liabilities & Equity** | | | | Total current liabilities | $209 | $309 | | **Total liabilities** | **$220** | **$322** | | **Total stockholders' equity** | **$272** | **$477** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q3 2023 revenue sharply declined by 52% to $60 million, resulting in an $80 million net loss for the quarter Statement of Operations Summary (in millions, except per share data) | Metric | Q3 2023 | Q3 2022 | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $60 | $125 | $234 | $448 | | Gross Profit | $14 | $34 | $50 | $140 | | Loss from Operations | ($80) | ($128) | ($256) | ($281) | | Net Loss | ($80) | ($124) | ($249) | ($274) | | Net Loss Per Share | ($3.35) | ($5.53) | ($10.55) | ($12.32) | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations was $266 million for nine months ended Sep 30, 2023, with investing activities providing $75 million Cash Flow Summary for Nine Months Ended Sep 30 (in millions) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | ($266) | ($313) | | Net cash provided by (used in) investing activities | $75 | ($85) | | Net cash used in financing activities | ($5) | ($9) | | **Net decrease in cash** | **($203)** | **($424)** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail a 1-for-30 reverse stock split, revenue disaggregation, legal proceedings, and workforce reductions - The company executed a **1-for-30 reverse stock split** of its Class A common stock, effective April 11, 2023, with all share and per-share data retroactively adjusted[29](index=29&type=chunk)[30](index=30&type=chunk) Disaggregated Revenue (in millions) | Revenue Stream | Q3 2023 | Q3 2022 | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | :--- | :--- | | Core marketplace | $19 | $40 | $71 | $184 | | ProductBoost | $5 | $11 | $19 | $36 | | **Marketplace Revenue** | **$24** | **$51** | **$90** | **$220** | | **Logistics Revenue** | **$36** | **$74** | **$144** | **$228** | | **Total Revenue** | **$60** | **$125** | **$234** | **$448** | - The company is involved in **putative class action lawsuits** filed in May 2021 related to its IPO, alleging securities law violations, which it intends to defend vigorously[70](index=70&type=chunk) - The company implemented **two significant workforce reductions** in 2023, affecting 150 employees in January and 255 in August, incurring **$12 million in severance costs** for the nine months ended September 30, 2023[93](index=93&type=chunk)[94](index=94&type=chunk)[95](index=95&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses poor financial performance, including revenue decline and reduced user metrics, while exploring strategic alternatives - The Board has initiated a process to explore **strategic alternatives** to maximize stockholder value, including a potential sale, merger, or even dissolution and liquidation[99](index=99&type=chunk)[100](index=100&type=chunk) Key Financial and Performance Metrics | Metric | Q3 2023 | Q3 2022 | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | :--- | :--- | | MAU (millions) | 11 | 24 | 13 | 25 | | LTM Active Buyers (millions) | 9 | 16 | 9 | 16 | | Adjusted EBITDA (millions) | ($54) | ($95) | ($182) | ($193) | | Free Cash Flow (millions) | ($86) | ($100) | ($269) | ($315) | - **Monthly Active Users (MAUs)** decreased by approximately **54%** and **LTM Active Buyers** by **44%** in Q3 2023, primarily due to reduced digital advertising expenditures[111](index=111&type=chunk)[113](index=113&type=chunk) [Results of Operations](index=27&type=section&id=Results%20of%20Operations) Q3 2023 revenue decreased 52% to $60 million, leading to an $80 million operating loss due to declines in both segments Revenue Comparison (in millions) | Revenue Stream | Q3 2023 | Q3 2022 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Marketplace revenue | $24 | $51 | ($27) | (53)% | | Logistics revenue | $36 | $74 | ($38) | (51)% | | **Total Revenue** | **$60** | **$125** | **($65)** | **(52)%** | - Gross margin decreased to **23%** in Q3 2023 from 27% in Q3 2022, due to a higher proportion of lower-margin logistics services and pricing strategy revisions[132](index=132&type=chunk) - Sales and marketing expenses for Q3 2023 decreased by **56%** year-over-year to **$35 million**, primarily due to a **$42 million reduction** in advertising[133](index=133&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2023, the company held $445 million in cash and equivalents, with an undrawn $280 million credit facility - The company's cash, cash equivalents, and marketable securities totaled **$445 million** as of September 30, 2023[142](index=142&type=chunk) - A share repurchase program of up to **$50 million** was authorized in April 2023, but no shares were repurchased through September 30, 2023[146](index=146&type=chunk)[147](index=147&type=chunk) - The company has an undrawn **$280 million** senior secured revolving credit facility available through November 2025[148](index=148&type=chunk)[149](index=149&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rates, foreign currency, and inflation, with low interest rate exposure - The company's exposure to **interest rate risk is minimal** due to the short-term nature of its cash, cash equivalents, and marketable securities[162](index=162&type=chunk) - To mitigate **foreign currency risk**, the company uses natural hedging and may enter into short-term foreign currency derivative contracts[163](index=163&type=chunk) - Inflation has not had a material effect, but significant inflationary pressures could harm future business by increasing costs and reducing consumer spending[166](index=166&type=chunk) [Item 4. Controls and Procedures](index=34&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective as of September 30, 2023, due to material weaknesses - The CEO and CFO concluded that **disclosure controls and procedures were not effective** as of September 30, 2023, due to ongoing material weaknesses[169](index=169&type=chunk) - Outstanding material weaknesses relate to an **ineffective control environment** and **ineffective IT general controls** (user access, change management, and computer operations)[170](index=170&type=chunk)[172](index=172&type=chunk) - Management is implementing a remediation plan including hiring qualified personnel, enhancing IT governance, and holding SOX Steering Committee meetings[173](index=173&type=chunk)[174](index=174&type=chunk) PART II. OTHER INFORMATION This section provides additional information on legal proceedings, updated risk factors, and filed exhibits [Item 1. Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) The company incorporates by reference information on ongoing legal proceedings from Note 7, including IPO-related class actions - Information regarding **legal proceedings** is detailed in Note 7 of the financial statements, discussing ongoing securities class action and shareholder derivative lawsuits[177](index=177&type=chunk) [Item 1A. Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) New material risk factors relate to exploring strategic alternatives, which carries uncertainty and potential for dissolution - A new risk factor addresses the company's evaluation and pursuit of **strategic alternatives**, announced in November 2023[179](index=179&type=chunk)[180](index=180&type=chunk) - Exploring strategic alternatives is uncertain, may not result in a transaction, and could disrupt business, leading to loss of key employees and stock price volatility[181](index=181&type=chunk)[183](index=183&type=chunk) - The Board may decide to pursue a **dissolution and liquidation**, which could lead to a **total loss of investment** for security holders[185](index=185&type=chunk) [Item 6. Exhibits](index=38&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and Inline XBRL data - The exhibits filed include **CEO and CFO certifications** pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act[188](index=188&type=chunk)

Good day and thank you for standing by. Welcome to WISH's second quarter 2023 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's prepared remarks, there will be a question and answer session. To ask a question at that time, you'll need to press star 11 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 11 again. As a reminder, today's program is being recorded. I would now like to turn t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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 June 30, 2023 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 jur ...

Financial Performance - Total revenue for the three months ended March 31, 2023, was $96 million, a decrease from $189 million in the same period of 2022[102]. - Loss from operations for Q1 2023 was $93 million, compared to a loss of $62 million in Q1 2022[122]. - Adjusted EBITDA for Q1 2023 was $(62) million, with an Adjusted EBITDA margin of (65)%, compared to $(40) million and (21)% in Q1 2022[115]. - Free Cash Flow for Q1 2023 was $(92) million, an improvement from $(148) million in Q1 2022[120]. - Revenue decreased by $93 million, or 49%, to $96 million for the three months ended March 31, 2023, compared to $189 million for the same period in 2022[126]. User Metrics - Monthly Active Users (MAUs) decreased approximately 48% year-over-year, from 27 million in Q1 2022 to 14 million in Q1 2023[104][106]. - Last Twelve Months (LTM) Active Buyers decreased approximately 57% year-over-year, from 28 million in Q1 2022 to 12 million in Q1 2023[104][108]. Revenue Breakdown - Marketplace revenue decreased by $68 million, or 65%, to $36 million for the three months ended March 31, 2023, primarily due to lower order volumes and reduced MAUs[127]. - Logistics revenue decreased by $25 million, or 29%, to $60 million for the three months ended March 31, 2023, driven by lower order volumes[128]. - Cost of revenue decreased by $49 million, or 39%, to $76 million for the three months ended March 31, 2023, compared to $125 million for the same period in 2022[129]. - Gross margin decreased to 21% for the three months ended March 31, 2023, down from 34% for the same period in 2022[130]. Expenses - Sales and marketing expenses decreased by $8 million, or 18%, to $37 million for the three months ended March 31, 2023, compared to $45 million for the same period in 2022[131]. - Product development expenses decreased by $15 million, or 23%, to $51 million for the three months ended March 31, 2023, compared to $66 million for the same period in 2022[132]. - General and administrative expenses increased by $10 million, or 67%, to $25 million for the three months ended March 31, 2023, compared to $15 million for the same period in 2022[134]. Cash Position - Cash and cash equivalents and marketable securities as of March 31, 2023, were $627 million[102]. - As of March 31, 2023, the company had cash, cash equivalents, and marketable securities of $627 million, sufficient to meet anticipated cash needs for at least the next 12 months[136]. - As of March 31, 2023, cash, cash equivalents, and marketable securities were primarily held in cash deposits and treasuries, with minimal impact from a 100 basis point interest rate change[155]. Operational Outlook - The company expects losses from operations to continue due to costs related to brand development and market share expansion[97]. - The company is monitoring global financial market volatility, which may adversely affect business and results of operations[98]. - Net cash used in operating activities was $92 million for the three months ended March 31, 2023, primarily driven by a net loss of $89 million[145]. Risk Management - The company has established a foreign currency risk management policy, utilizing natural hedging techniques and short-term foreign currency derivative contracts to manage exposure[156]. - A 10% appreciation or depreciation of the U.S. dollar is not expected to materially affect the company's financial position or results in the near term[158]. - The company does not currently believe inflation has materially affected its business or financial condition, but significant inflationary pressures could impact revenue and consumer purchasing behavior[159].

Part I [Business](index=5&type=section&id=Item%201.%20Business) The company operates a global, mobile-first e-commerce platform undergoing a strategic turnaround to improve efficiency - Wish is one of the largest global e-commerce platforms, connecting over **24 million Monthly Active Users (MAUs)** in over 60 countries to approximately **170,000 active global merchants** as of year-end 2022[18](index=18&type=chunk)[24](index=24&type=chunk) - The platform is designed for discovery-based shopping, with over **90% of user activity on the mobile app** and approximately **70% of sales not involving a search query**[19](index=19&type=chunk)[27](index=27&type=chunk) - The company is executing a turnaround strategy, including a **15% workforce reduction in 2022** and a further **17% reduction announced in January 2023**[57](index=57&type=chunk)[113](index=113&type=chunk) - A majority of merchants are based in China, but Wish is expanding its global merchant base and operates the Wish Local pickup program[20](index=20&type=chunk)[21](index=21&type=chunk) [Competition](index=9&type=section&id=Item%201.%20Business%23Competition) The company faces intense competition from large global e-commerce platforms and traditional offline discount retailers - The company competes with both large global e-commerce platforms and traditional discount retailers[42](index=42&type=chunk) - Competition is based on affordability, user experience, product selection, and shipping terms for users[41](index=41&type=chunk)[108](index=108&type=chunk)[110](index=110&type=chunk) [Human Capital](index=11&type=section&id=Item%201.%20Business%23Human%20Capital) The company had 886 employees at year-end 2022 and announced a 17% workforce reduction in January 2023 - As of December 31, 2022, the company had **886 full-time employees** worldwide, with 490 located in the U.S[57](index=57&type=chunk) - A workforce reduction of up to **150 employees (17% of the global workforce)** was announced in January 2023 to refocus operations and improve efficiency[57](index=57&type=chunk) - The employee base was **57% male and 42% female**, and the Board of Directors was **60% male and 40% female** as of year-end 2022[59](index=59&type=chunk) [Risk Factors](index=14&type=section&id=Item%201A.%20Risk%20Factors) The company faces substantial risks in user retention, financial stability, internal controls, and regulatory compliance - The company's success depends on its ability to attract and engage users cost-effectively, with **reduced ad spend negatively impacting user metrics**[76](index=76&type=chunk)[77](index=77&type=chunk) - **Material weaknesses in internal control over financial reporting** have been identified, which could lead to material misstatements[147](index=147&type=chunk)[148](index=148&type=chunk)[563](index=563&type=chunk) - The company faces significant legal and regulatory risk in France, where an injunction has led to the **delisting of the Wish app**, impacting revenue[173](index=173&type=chunk)[175](index=175&type=chunk) - The company has a history of net losses, incurring **$384 million in 2022**, and had an accumulated deficit of approximately **$2.9 billion**[111](index=111&type=chunk)[302](index=302&type=chunk) - The company received a **Nasdaq notice for failing to meet the $1.00 minimum bid price requirement**, posing a risk of delisting[247](index=247&type=chunk)[251](index=251&type=chunk) [Unresolved Staff Comments](index=53&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments [Properties](index=53&type=section&id=Item%202.%20Properties) The company leases its San Francisco headquarters and is actively reducing its real estate footprint as part of restructuring - Corporate headquarters is in San Francisco, CA, with approximately **69,000 sq. ft.** under leases expiring in 2025[284](index=284&type=chunk) - The company is actively seeking to reduce its real estate footprint as part of its restructuring efforts[285](index=285&type=chunk) [Legal Proceedings](index=53&type=section&id=Item%203.%20Legal%20Proceedings) Information regarding legal proceedings is incorporated by reference from Note 7 in the Financial Statements - Details on legal proceedings are located in Note 7 of the financial statements[286](index=286&type=chunk) [Mine Safety Disclosures](index=53&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) The company has no mine safety disclosures Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=54&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's Class A common stock trades on Nasdaq under "WISH" and it does not anticipate paying dividends - Class A common stock trades on the Nasdaq Global Select Market under the symbol **"WISH"**[290](index=290&type=chunk) - The company has never declared or paid cash dividends and does not anticipate doing so in the foreseeable future[292](index=292&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=57&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Fiscal year 2022 saw a significant revenue and user decline, prompting major restructuring efforts to improve efficiency Key Financial and Performance Metrics (2020-2022) | | Year Ended December 31, | | | |---|---|---|---| | | **2022** | **2021** | **2020** | | **MAU (in millions)** | 24 | 74 | 107 | | **LTM Active Buyers (in millions)** | 13 | 38 | 64 | | **Adjusted EBITDA ($ in millions)** | $(288) | $(199) | $(217) | | **Free Cash Flow ($ in millions)** | $(424) | $(953) | $(2) | - **MAUs and LTM Active Buyers decreased by approximately 68% and 66% YoY**, respectively, in 2022, primarily due to reduced digital advertising[314](index=314&type=chunk)[316](index=316&type=chunk) - The company is undergoing significant restructuring, including a **15% headcount reduction in 2022** and a planned **17% reduction in 2023**[306](index=306&type=chunk)[308](index=308&type=chunk) [Results of Operations](index=63&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%23Results%20of%20Operations) Total revenue fell 73% in 2022 due to lower order volumes, while gross margin contracted significantly to 29% Revenue Comparison (2022 vs 2021) | Revenue Type | 2022 ($M) | 2021 ($M) | Change ($M) | Change (%) | |---|---|---|---|---| | Core marketplace revenue | $220 | $1,177 | $(957) | (81)% | | ProductBoost revenue | $46 | $165 | $(119) | (72)% | | **Marketplace revenue** | **$266** | **$1,342** | **$(1,076)** | **(80)%** | | **Logistics revenue** | **$305** | **$743** | **$(438)** | **(59)%** | | **Total Revenue** | **$571** | **$2,085** | **$(1,514)** | **(73)%** | - Sales and marketing expenses **decreased by $848 million (77%)** in 2022, primarily due to reduced digital advertising expenditures[351](index=351&type=chunk) - **Gross margin decreased from 53% in 2021 to 29% in 2022**, driven by a higher mix of lower-margin logistics revenue and pricing changes[350](index=350&type=chunk) [Liquidity and Capital Resources](index=67&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%23Liquidity%20and%20Capital%20Resources) The company ended 2022 with $719 million in cash and believes this is sufficient for the next 12 months - The company had cash, cash equivalents, and marketable securities of **$719 million** as of December 31, 2022[358](index=358&type=chunk) Cash Flow Summary (2020-2022) | Cash Flow Activity | 2022 ($M) | 2021 ($M) | 2020 ($M) | |---|---|---|---| | Operating activities | $(422) | $(951) | $0 | | Investing activities | $(47) | $(3) | $165 | | Financing activities | $(22) | $7 | $1,046 | - The company has access to a **$280 million revolving credit facility**, which remained undrawn as of December 31, 2022[361](index=361&type=chunk)[505](index=505&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=71&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to foreign currency and interest rate risks, managed through hedging and short-term investments - The company uses foreign currency forward contracts to hedge exposures, mainly related to merchants payable denominated in non-functional currencies[390](index=390&type=chunk) - A hypothetical **10% appreciation or depreciation of the U.S. dollar** against other currencies is not expected to have a material effect[392](index=392&type=chunk) - Inflation is not considered to have had a material effect, but rising inflation could affect consumer discretionary spending[393](index=393&type=chunk) [Financial Statements and Supplementary Data](index=72&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) Audited financial statements show a significant revenue decline, a net loss of $384 million, and total assets of $799 million Consolidated Statement of Operations Highlights (in millions) | | 2022 | 2021 | 2020 | |---|---|---|---| | **Revenue** | $571 | $2,085 | $2,541 | | **Gross Profit** | $166 | $1,108 | $1,594 | | **Loss from Operations** | $(398) | $(367) | $(631) | | **Net Loss** | $(384) | $(361) | $(745) | | **Net Loss per Share** | $(0.57) | $(0.57) | $(5.87) | Consolidated Balance Sheet Highlights (in millions) | | Dec 31, 2022 | Dec 31, 2021 | |---|---|---| | **Total Current Assets** | $777 | $1,224 | | *Cash and cash equivalents* | *$506* | *$1,009* | | **Total Assets** | **$799** | **$1,283** | | **Total Current Liabilities** | $309 | $449 | | **Total Liabilities** | **$322** | **$465**| | **Total Stockholders' Equity** | **$477** | **$818** | - The company's **dual-class stock structure was eliminated** on August 9, 2022, when all Class B shares converted to Class A shares[512](index=512&type=chunk)[513](index=513&type=chunk) - As of December 31, 2022, the company had federal net operating loss (NOL) carryforwards of approximately **$2.6 billion**[542](index=542&type=chunk) [Controls and Procedures](index=107&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls were not effective due to two material weaknesses in internal control - Management concluded that **disclosure controls and procedures were not effective** as of December 31, 2022[561](index=561&type=chunk) - A material weakness was identified due to an **ineffective control environment**, including insufficient management oversight and competent personnel[563](index=563&type=chunk) - A second material weakness was identified in **IT general controls (ITGCs)**, specifically regarding user access and change management[563](index=563&type=chunk) - A remediation plan is underway, involving hiring new personnel, enhancing training, and improving IT governance and controls[565](index=565&type=chunk)[566](index=566&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=110&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Required information will be incorporated by reference from the 2023 Proxy Statement [Executive Compensation](index=110&type=section&id=Item%2011.%20Executive%20Compensation) Required information will be incorporated by reference from the 2023 Proxy Statement [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=110&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Required information will be incorporated by reference from the 2023 Proxy Statement [Certain Relationships and Related Transactions, and Director Independence](index=110&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Required information will be incorporated by reference from the 2023 Proxy Statement [Principal Accounting Fees and Services](index=110&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Required information will be incorporated by reference from the 2023 Proxy Statement Part IV [Exhibits, Financial Statement Schedules](index=111&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists the financial statements and exhibits filed with the Form 10-K [Form 10-K Summary](index=112&type=section&id=Item%2016.%20Form%2010-K%20Summary) None

year 2022 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's remarks, there will be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. If you wish to remove yourself from the queue, simply press star 11 again. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Mr. Ralph Fong, WISH's head of investor relations. Please go ahead. Thank ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q Delaware 27-2930953 (State or other jurisdiction of incorporation or organization) One Sansome Street 33rd Floor San Francisco, CA 94104 (Address of principal executive offices) (Zip Code) (I.R.S. Employer Identification No.) Registrant's telephone number, including area code: (415) 432-7323 Securities registered pursuant to Section 12(b) of the Act: (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Hey, and thank you for standing by. Welcome to WISH's second quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's prepared remarks, there will be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. I would now like to turn the conference over to Randy Schrago, WISH's Vice President of Investor Relations. Please go ahead. Hi, everyone, and welcome to WISH's second quarter 2022 earn ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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 June 30, 2022 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 jur ...

Participants are in a listen-only mode. After the speaker's prepared remarks, there will be a question and answer session. To ask a question during the session, you will need to press star one on your telephone. Please be aware that today's call may be recorded. Should you require any further assistance, please press star zero. I would now like to turn the conference over to Randy Schrago, which is Vice President of Investor Relations. Hi, everyone, and welcome to WISH's first quarter 2022 earnings conferen ...