ContextLogic Inc. Reports Third-Quarter 2024 Financial Results [Yahoo! Finance]
ContextLogic Inc. - Class A (LOGC)
Last contextlogic inc. - class a earnings: 8/13 08:00 am
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Source: Yahoo! Finance
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. During the three months ended September 30, 2024, the Company incurred $3 million of general and administrative expenses primarily related to legal expenses, employee expenses, and other professional services. At the conclusion
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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