Long
The Wish Turnaround Story
NASDAQ:WISH The Wish Turnaround Story
Technical Analysis: Triple Bottom
Fun Facts:
- Delivery speeds average 8-day y/y improvement in Q1’23
- Customer order cancellation Rate dropped 56% y/y in Q1’23
- Buyer conversion rate improved by 18% y/y in Q1’23
- Customer retention rate improved by ~10% y/y in Q1’23
Financials:
March 2023 Cash Balance: $379 Million
Free Cash Flow:
March 2021 ~$350 Million
March 2023 ~$90 Million
($260 Million Improvement)
Short Term Investments:
March 2021 $154 Million
March 2023 $256 Million
($102 Million Improvement)
Total Debts:
March 2021 $48 Million
March 2023 $18 Million
($30 Million Improvement)
Operating Expenses:
March 2021 $563 Million
March 2023 $110 Million
($453 Million improvement)
* Q3 Savings on Operating Expenses expected to be around $14-$23 Million on Annualized Basis based on 17% workforce reduction *
Current Enterprise Value:
March 2021 ~$306 Million (Priced for Bankruptcy)
$50 Million Dollar Share Repurchase Program
Be warned: This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then dive.
Technical Analysis: Triple Bottom
Fun Facts:
- Delivery speeds average 8-day y/y improvement in Q1’23
- Customer order cancellation Rate dropped 56% y/y in Q1’23
- Buyer conversion rate improved by 18% y/y in Q1’23
- Customer retention rate improved by ~10% y/y in Q1’23
Financials:
March 2023 Cash Balance: $379 Million
Free Cash Flow:
March 2021 ~$350 Million
March 2023 ~$90 Million
($260 Million Improvement)
Short Term Investments:
March 2021 $154 Million
March 2023 $256 Million
($102 Million Improvement)
Total Debts:
March 2021 $48 Million
March 2023 $18 Million
($30 Million Improvement)
Operating Expenses:
March 2021 $563 Million
March 2023 $110 Million
($453 Million improvement)
* Q3 Savings on Operating Expenses expected to be around $14-$23 Million on Annualized Basis based on 17% workforce reduction *
Current Enterprise Value:
March 2021 ~$306 Million (Priced for Bankruptcy)
$50 Million Dollar Share Repurchase Program
Be warned: This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then dive.
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