ContextLogic Full Year 2023 Earnings: EPS Misses Expectations
ContextLogic (NASDAQ:WISH) Full Year 2023 Results
Key Financial Results
Revenue: US$287.0m (down 50% from FY 2022).
Net loss: US$317.0m (loss narrowed by 17% from FY 2022).
US$13.36 loss per share (improved from US$17.14 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ContextLogic EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%.
Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Multiline Retail industry in the US are expected to grow by 10%.
Performance of the American Multiline Retail industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - ContextLogic has 4 warning signs (and 1 which is potentially serious) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
