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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Operating expense | 3M | 85% |
| Net Income | -1M | 92.3% |
| EBITDA | -3M | 87% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 158M | 0.6% |
| Total Liabilities | 5M | 0% |
| Total Equity | 153M | 0.6% |
| Shares Outstanding | 26M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -2M | 86.7% |
| Cash from investing | -68M | 45.6% |
EPS
Financial Highlights for ContextLogic in Q3 '24
Operating Expenses for this period were 3M, showing a -85% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -1M, showing a 92.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -3M, showing a 87% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
ContextLogic faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
