ContextLogic Holdings Q2 revenue flat as higher prices offset lower volumes - WISH News | RalliesContextLogic Holdings Q2 revenue flat as higher prices offset lower volumes
W
WISH• Outlook
- Company did not provide specific guidance for the current or future periods
Overview
- US salt producer's Q2 revenue was flat yr/yr as higher prices offset lower volumes
- Company posted Q2 net loss, driven by parent-level costs and higher amortization
- Adjusted EBITDA for Q2 fell due to new corporate costs after US Salt acquisition
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | | $33.60 mln | |
| Q2 Net Loss | | $6.30 mln | |
| Q2 Adjusted EBITDA | | $10.80 mln | |
Result drivers
- Higher prices - Average sales price rose 7.7% yr/yr, helping offset lower sales volume
- Volume decline - Sales volume fell 8% yr/yr, mainly due to a planned maintenance shutdown and limited trucking availability
- Corporate costs - Parent-level transaction and administrative expenses weighed on profitability
NEU
•
