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ContextLogic Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 53 million compared to USD 123 million a year ago. Net loss was USD 68 million compared to USD 110 million a year ago.For the full year, sales was USD 287 million compared to USD 571 million a year ago. Net loss was USD 317 million compared to USD 384 million a year ago. Basic loss per share from continuing operations was USD 13.36 compared to USD 17.13 a year ago. Diluted loss per share from continuing operations was USD 13.36 compared to USD 17.13 a year ago.
Period Ending: | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
---|---|---|---|---|
Total Revenue | 53 | 60 | 78 | 96 |
Gross Profit | 9 | 15 | 16 | 20 |
Operating Income | -80 | -71 | -82 | -85 |
Net Income | -68 | -80 | -80 | -89 |
Period Ending: | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
---|---|---|---|---|
Total Assets | 423 | 492 | 584 | 693 |
Total Liabilities | 206 | 220 | 247 | 282 |
Total Equity | 217 | 272 | 337 | 411 |
Period Ending: | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -75 | -86 | -88 | -92 |
Cash From Investing Activities | -1 | 72 | 43 | -40 |
Cash From Financing Activities | 0 | -1 | -1 | -3 |
Net Change in Cash | -72 | -15 | -54 | -134 |
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