Contextlogic Inc. Stock Price, News & Analysis

ContextLogic (OTC: LOGC) has appointed Michael Scarola as its new Chief Financial Officer, effective June 30, 2025. Scarola, who currently serves as CFO, COO, and Chief Compliance Officer at Altai Capital, brings 17 years of experience in back-office operations, fund accounting, compliance, and investor relations.

The appointment aligns with ContextLogic's strategy to streamline operations while pursuing value maximization through organic growth and acquisitions. Scarola, a Certified Public Accountant with a BS in Commerce from the University of Virginia, will report directly to CEO Rishi Bajaj, with whom he has previously worked for over 14 years at Altai Capital.

ContextLogic (LOGC) has announced its voluntary delisting from the Nasdaq Global Market effective June 2, 2025, and will begin trading on the OTCQB Venture Market starting June 3, 2025, under the same ticker symbol LOGC. This decision follows Nasdaq's notification on March 28, 2025, claiming the company is a "public shell" and subject to delisting. Despite disagreeing and presenting their case at a hearing on May 8, 2025, the Board unanimously decided to delist, citing factors such as regulatory requirements, management time commitment, and maintenance costs. Shareholders won't need to take any action as the trading symbol and CUSIP remain unchanged. The company plans to file Form 25 with the SEC around June 9, 2025, with delisting becoming effective 10 days after filing.

ContextLogic Inc. (NASDAQ: LOGC) reported its Q1 2025 financial results, showing significant improvement with a net loss of $4 million, compared to a $59 million loss in Q1 2024. The company's financial position includes $64 million in cash, $158 million in marketable securities, and total liabilities of $3 million.

A key development was the completion of a strategic investment from BC Partners, which strengthened the company's board with new appointments including Ted Goldthorpe as Chairman and the addition of Jennifer Chou. The company has $222 million in total liquid assets and an option for an additional $75 million through redeemable convertible preferred units for future acquisitions.

During Q1 2025, ContextLogic incurred $6 million in administrative expenses, generated $2 million in interest income, and used $5 million in operating activities. The company received $72 million net from financing activities related to the Strategic Investment.

ContextLogic (NASDAQ: LOGC) has scheduled its first quarter 2025 financial results announcement for May 9, 2025, after market close. The company will host a conference call and webcast at 5:00 PM ET / 2:00 PM PT on the same day.

CEO Rishi Bajaj and Chairman Ted Goldthorpe will lead the conference call for shareholders, analysts, and portfolio managers. Interested participants can register for the call through an online form to receive dial-in details and a unique PIN. The webcast and financial results will be accessible through the company's investor relations website at https://ir.contextlogicinc.com.

ContextLogic (NASDAQ: LOGC) reported its Q4 and fiscal year 2024 results, highlighting significant business transformations. The company secured a $75 million investment from BC Partners in convertible preferred units, with potential for an additional $75 million for acquisitions. Combined with existing $66 million in cash and $83 million in marketable securities, the company now has approximately $225 million in liquidity.

Q4 2024 financial highlights show a net loss of $2 million, significantly improved from the $68 million loss in Q4 2023. The company incurred $4 million in general and administrative expenses and earned $2 million in interest income. As of December 31, 2024, ContextLogic operates with eight full-time employees and maintains total liabilities of $5 million.

ContextLogic Inc. (NASDAQ: LOGC) has scheduled its fourth quarter and full year 2024 financial results announcement for March 12, 2025, after market close. The company will host a conference call and webcast at 5:00 PM ET / 2:00 PM PT on the same day.

CEO Rishi Bajaj and Chairman Ted Goldthorpe will lead the call, discussing quarterly results and providing updates on the recently announced strategic investment and commitment from BC Partners into ContextLogic Holdings, The company notably completed the sale of substantially all its operating assets and liabilities in April 2024.

Shareholders, analysts, and portfolio managers can access the live webcast through the company's investor relations website, with call registration available via an online form.

ContextLogic Inc. (NASDAQ: LOGC) has announced a strategic partnership with BC Partners, securing up to $150 million in investment through convertible preferred units in a newly-formed subsidiary, ContextLogic Holdings, This investment, led by BC Partners' credit arm, combined with cash on hand, provides ContextLogic access to up to $300 million of cash and $2.7 billion in cumulative net operating losses.

The partnership aims to execute ContextLogic's acquisition-led value maximization strategy. BC Partners will initially invest $75 million, with an option for an additional $75 million to fund future acquisitions. Following the investment, ContextLogic will own 58.4% and BC Partners 41.6% of the Holdings' common units on a fully diluted basis.

The preferred units will have an initial dividend rate of 4.00%, increasing to 8.00% upon closing an acquisition. Ted Goldthorpe, Partner at BC Partners and Head of BC Partners Credit, is expected to be named Chairman of ContextLogic's Board, joined by Mark Ward as a board member upon closing.

ContextLogic Inc. (LOGC) reported its Q3 2024 financial results, showing a significant improvement with a net loss of $1 million compared to $80 million in Q3 2023. The company maintains a strong liquidity position with $33 million in cash, $117 million in marketable securities, and $8 million in other current assets. Operating with 8 full-time employees, the company incurred $3 million in general and administrative expenses and earned $2 million in interest income. ContextLogic projects to end fiscal 2024 with approximately $155 million in combined cash, securities, and restricted cash, while maintaining low total liabilities of $5 million as it continues to evaluate strategic opportunities.

ContextLogic Inc. (Nasdaq: LOGC) reported its Q2 2024 financial results following the sale of its Wish platform and related assets to Qoo10 Inc. on April 19, 2024. Key highlights include:

- Net loss of $13 million, compared to $80 million in Q2 2023
- $103 million in cash and cash equivalents
- $47 million in marketable securities
- $13 million in general and administrative expenses
- $2 million in interest income

The company now focuses on identifying strategic opportunities to utilize its NOLs and build shareholder value. ContextLogic projects to end 2024 with approximately $155 million in cash, cash equivalents, marketable securities, and restricted cash.