Hour Loop Q1 revenue up 32.5% to $12.4M but net loss of $0.65M; guides 2022 rev $81-90M

Hour Loop, Inc

Revenue $12.4M (+32.5% YoY); net loss $0.65M vs net income $0.86M a year ago.
Diluted EPS -$0.02 vs +$0.03; gross margin fell 3.8pp to 52.3%.
Operating expenses $7.2M (+65% YoY) on higher Amazon fees, labor, and public listing costs.
Cash $7.7M at Mar 31 vs $10.6M at Dec 31; inventories $11.8M (up from $7.0M).
FY 2022 revenue guidance $81-90M (30-45% growth); expects full-year profitability.

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