The e-commerce firm reported a GAAP loss per share of $0.14 and a slight year-over-year revenue decline.
ContextLogic reported a second-quarter GAAP loss of $0.14 per share on revenue of $33.6 million, down 0.6% from the same period last year. The company attributed $2.4 million of additional revenue to a 7.7% increase in average sales price during the quarter.
Revenue in the prior-year quarter stood at $33.8 million, with no prior consensus estimate publicly disclosed. The company did not provide forward guidance or additional financial metrics in the release.
No immediate market reaction was noted following the announcement.