ContextLogic Inc. Reports Third-Quarter 2024 Financial Results
ContextLogic Inc. - Class A (LOGC)
Last contextlogic inc. - class a earnings: 8/13 08:00 am
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Source: GlobeNewswire
OAKLAND, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (Nasdaq: LOGC), (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter and nine months ended September 30, 2024. Third Quarter 2024 Financial Highlights Net Loss: Net loss was $1 million, compared to a net loss of $80 million in the third quarter of 2023.As of September 30, 2024, the Company had $33 million in cash and cash equivalents, $117 million in marketable securities and $8 million in prepaid expenses and other current assets (primarily made up of $7 million in restricted cash). Company Outlook Over the last quarter, the Company has created a streamlined administrative structure as it focuses on achieving its strategic goals of acquiring and/or building operating businesses. Management and the Board of Directors are focused on identifying, evaluating and potentially executing strategic opportunities for the benefit of ContextLogic and its stockholders. Dur
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Sec Filings
- 11/19/24 - Form 4
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- LOGC's page on the SEC website