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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.