secwatch.observer — SEC 8-K summary
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Issuer:     Hour Loop, Inc (HOUR)
CIK:        0001874875
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001493152-22-013752
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874875/000149315222013752/0001493152-22-013752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874875/000149315222013752/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-013752

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer