WISH - ContextLogic GAAP EPS of -$3.83 misses by $0.21 revenue of $96M misses by $19.88M

2023-05-04 16:25:51 ET

• ContextLogic press release ( NASDAQ: WISH ): Q1 GAAP EPS of -$3.83 misses by $0.21 .
• Revenue of $96M (-49.2% Y/Y) misses by $19.88M .
• Adjusted EBITDA was a loss of $62 million, compared to a loss of $40 million in the first quarter of fiscal 2022
• Cash flows from operating activities were negative $92 million
• Free Cash Flow was negative $92 million, compared to negative $148 million in the first quarter of fiscal 2022.
• Q2 Outlook: Revenue is expected to be in the range of $91 million to $102 million.
• Adjusted EBITDA is expected to be a loss in the range of $60 million to $75 million.
• Shares -8.78% .

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