Contextlogic Inc - Understand $logc stock

$LOGC Market Cap: $140 Million

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Financial Snapshot

Revenue

$156.0M

TTM

Gross Margin

17.82%

TTM

Net Earnings

-$220.0M

TTM

Current Assets

$159.0M

Q2 2024

Current Liabilities

$5.000M

Q2 2024

Current Ratio

3180.0%

Q2 2024

Total Assets

$159.0M

Q2 2024

Total Liabilities

$5.000M

Q2 2024

Book Value

$154.0M

Q2 2024

Cash

$162.0M

Q2 2024

P/E

-0.6366

Sep 13, 2024 EST

Free Cash Flow

-$309.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$287.0M	$571.0M	$2.085B	$2.541B	$1.901B	$1.728B	$1.101B	$445.0M
YoY Change	-49.74%	-72.61%	-17.95%	33.67%	10.01%	56.95%	147.42%	209.03%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$287.0M	$571.0M	$2.085B	$2.541B	$1.901B	$1.728B	$1.101B	$445.0M
Cost Of Revenue	$228.0M	$405.0M	$977.0M	$947.0M	$443.0M	$278.0M	$205.0M	$131.0M
Gross Profit	$59.00M	$166.0M	$1.108B	$1.594B	$1.458B	$1.450B	$896.0M	$314.0M
Gross Profit Margin	20.56%	29.07%	53.14%	62.73%	76.7%	83.91%	81.38%	70.56%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$235.0M	$370.0M	$1.261B	$2.003B	$1.528B	$1.628B	$1.015B	$445.0M
YoY Change	-36.49%	-70.66%	-37.04%	31.09%	-6.14%	60.39%	128.09%	-23.54%
% of Gross Profit	398.31%	222.89%	113.81%	125.66%	104.8%	112.28%	113.28%	141.72%
Research & Development	$152.0M	$194.0M	$208.0M	$222.0M	$74.00M	$45.00M	$28.00M	$10.00M
YoY Change	-21.65%	-6.73%	-6.31%	200.0%	64.44%	60.71%	180.0%	66.67%
% of Gross Profit	257.63%	116.87%	18.77%	13.93%	5.08%	3.1%	3.13%	3.18%
Depreciation & Amortization	$4.000M	$6.000M	$9.000M	$12.00M	$10.00M	$8.000M	$4.000M	$20.00K
YoY Change	-33.33%	-33.33%	-25.0%	20.0%	25.0%	100.0%	19900.0%
% of Gross Profit	6.78%	3.61%	0.81%	0.75%	0.69%	0.55%	0.45%	0.01%
Operating Expenses	$387.0M	$564.0M	$208.0M	$2.225B	$1.602B	$1.673B	$1.043B	$455.0M
YoY Change	-31.38%	171.15%	-90.65%	38.89%	-4.24%	60.4%	129.23%	-22.62%
Operating Profit	-$328.0M	-$398.0M	$900.0M	-$631.0M	-$144.0M	-$223.0M	-$147.0M	-$141.0M
YoY Change	-17.59%	-144.22%	-242.63%	338.19%	-35.43%	51.7%	4.26%	-72.99%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$16.00M	$15.00M	$16.00M	-$2.000M	$19.00M	$15.00M	$10.00M	-$5.000M
YoY Change	6.67%	-6.25%	-900.0%	-110.53%	26.67%	50.0%	-300.0%	0.0%
% of Operating Profit			1.78%
Other Income/Expense, Net		$0.00	$0.00	-$110.0M	-$3.000M	$0.00	-$70.00M	-$5.000M
YoY Change			-100.0%	3566.67%		-100.0%	1300.0%	-50.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	-$312.0M	-$383.0M	-$351.0M	-$743.0M	-$128.0M	-$208.0M	-$207.0M	-$151.0M
YoY Change	-18.54%	9.12%	-52.76%	480.47%	-38.46%	0.48%	37.09%	-71.88%
Income Tax	$5.000M	$1.000M	$10.00M	$2.000M	$1.000M	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$317.0M	-$384.0M	-$361.0M	-$745.0M	-$129.0M	-$208.0M	-$207.0M	-$151.0M
YoY Change	-17.45%	6.37%	-51.54%	477.52%	-37.98%	0.48%	37.09%	-71.88%
Net Earnings / Revenue	-110.45%	-67.25%	-17.31%	-29.32%	-6.79%	-12.04%	-18.8%	-33.93%
Basic Earnings Per Share	-$13.36	-$0.57	-$0.57	-$5.87
Diluted Earnings Per Share	-$13.36	-$0.57	-$573.9K	-$1.269M	-$219.8K	-$354.3K	-$352.6K	-$257.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$382.0M	$719.0M	$1.159B	$2.129B	$1.044B	$974.0M	$24.58M	$1.730M
YoY Change	-46.87%	-37.96%	-45.56%	103.93%	7.19%	3862.57%	1320.81%
Cash & Equivalents	$238.0M	$506.0M	$1.009B	$1.965B	$744.0M	$712.0M	$24.58M	$1.730M
Short-Term Investments	$144.0M	$213.0M	$150.0M	$164.0M	$300.0M	$262.0M
Other Short-Term Assets	$21.00M	$44.00M	$48.00M	$102.0M	$95.00M	$37.00M	$1.120M	$90.00K
YoY Change	-52.27%	-8.33%	-52.94%	7.37%	156.76%	3203.57%	1144.44%
Inventory
Prepaid Expenses
Receivables	$7.000M	$14.00M	$17.00M	$83.00M	$95.00M	$93.00M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$410.0M	$777.0M	$1.224B	$2.314B	$1.234B	$1.104B	$25.69M	$1.810M
YoY Change	-47.23%	-36.52%	-47.1%	87.52%	11.78%	4197.39%	1319.34%
Property, Plant & Equipment	$9.000M	$18.00M	$35.00M	$68.00M	$75.00M	$33.00M	$230.0K	$220.0K
YoY Change	-50.0%	-48.57%	-48.53%	-9.33%	127.27%	14247.83%	4.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$0.00	$17.00M	$4.000M	$34.00M	$40.00M
YoY Change		-100.0%	325.0%	-88.24%	-15.0%
Other Assets	$4.000M	$4.000M	$7.000M	$11.00M	$23.00M	$16.00M	$250.0K	$0.00
YoY Change	0.0%	-42.86%	-36.36%	-52.17%	43.75%	6300.0%
Total Long-Term Assets	$13.00M	$22.00M	$59.00M	$83.00M	$132.0M	$89.00M	$480.0K	$220.0K
YoY Change	-40.91%	-62.71%	-28.92%	-37.12%	48.31%	18441.67%	118.18%
Total Assets	$423.0M	$799.0M	$1.283B	$2.397B	$1.366B	$1.193B	$26.17M	$2.030M
YoY Change
Accounts Payable	$104.0M	$173.0M	$252.0M	$888.0M	$791.0M	$784.0M	$1.110M	$340.0K
YoY Change	-39.88%	-31.35%	-71.62%	12.26%	0.89%	70530.63%	226.47%
Accrued Expenses	$90.00M	$129.0M	$165.0M	$330.0M	$188.0M	$125.0M	$600.0K	$580.0K
YoY Change	-30.23%	-21.82%	-50.0%	75.53%	50.4%	20733.33%	3.45%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$3.295M	$1.910M
YoY Change			72.51%
Total Short-Term Liabilities	$196.0M	$309.0M	$449.0M	$1.332B	$1.100B	$970.0M	$1.710M	$920.0K
YoY Change	-36.57%	-31.18%	-66.29%	21.09%	13.4%	56625.15%	85.87%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$10.00M	$13.00M	$16.00M	$38.00M	$169.0M	$134.0M
YoY Change	-23.08%	-18.75%	-57.89%	-77.51%	26.12%
Total Long-Term Liabilities	$10.00M	$13.00M	$16.00M	$38.00M	$169.0M	$134.0M	$0.00	$0.00
YoY Change	-23.08%	-18.75%	-57.89%	-77.51%	26.12%
Total Liabilities	$206.0M	$322.0M	$465.0M	$1.370B	$1.269B	$1.104B	$1.710M	$920.0K
YoY Change	-36.02%	-30.75%	-66.06%	7.96%	14.95%	64461.4%	85.87%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	23.73M	672.0M	629.0M	127.0M
Diluted Shares Outstanding	23.73M	672.0M	629.0M	127.0M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $140.04 Million

About Contextlogic Inc

ContextLogic, Inc. engages in the operation of an online marketplace, that includes Geek, Mama, Home, Cute, and Joyful Shopping. The company is headquartered in Oakland, California and currently employs 452 full-time employees. The company went IPO on 2020-12-16. The firm is focused on targeting operations as it seeks to realize the value of its net operating loss (NOLs) for the benefit of its stockholders.

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