---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055714"
form_type: "8-K"
ticker: null
cik: "0001822250"
company_name: "ContextLogic Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:40:32.914992+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# ContextLogic completes Wish asset sale to Qoo10; Q1 revenue down 63%

## Summary
- Q1 revenue $36M (-63% YoY); net loss $59M (improved from -$89M YoY).
- Net loss per share $2.43 vs $3.83 in Q1 2023.
- Post-sale cash, equivalents and securities totaled ~$161M as of April 19, 2024.
- Company no longer operates the Wish platform; will seek strategic opportunities including potential NOL utilization.
- Asset sale to Qube Network Pte. Ltd. (Qoo10 affiliate) closed April 19, 2024.

## SEC filing metadata
- accession: 0000950170-24-055714
- form_type: 8-K
- cik: 0001822250
- company_name: ContextLogic Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822250/000095017024055714/0000950170-24-055714-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822250/000095017024055714/wish-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055714
- JSON: https://secwatch.observer/filing/0000950170-24-055714.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055714.txt

## Key facts
- Earnings Releases
  ContextLogic Inc. reported the quarter ended March 31, 2024 results: revenue $36 million, net income $59 million, EPS $2.43.
  - Period: the quarter ended March 31, 2024
  - Revenue: $36 million
  - Net income: $59 million
  - EPS: $2.43
  - Result: reported results
  source text: First-Quarter 2024 Financial Highlights • Revenues : Revenues were $36 million, a decrease of 63% YoY o Core Marketplace revenues were $11 million, down 61% YoY o Product Boost revenues were $3 million, down 63% YoY o Logistics revenues were $22 million, down 63% YoY • Net Loss : Net Loss was $59 million, compared to a net loss of $89 million in the first quarter of fiscal 2023 o Net Loss per share was $2.43, compared to a loss of $3.83 per share in the first quarter of fiscal 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822250/000095017024055714/0000950170-24-055714-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.