Hour Loop Q2 revenue up 27% to $14.8M; net loss $0.31M vs net income $0.86M YoY

Hour Loop, Inc

2023-Q2 EPS reported -$0.03 revenue$27,154,501

Revenue $14.8M (+27.1% YoY); net loss $0.31M ($0.01 EPS loss) vs net income $0.86M ($0.03 EPS) a year ago.
Gross profit margin 56.46% vs 58.38% YoY; operating expenses rose 52.8% to $8.7M on higher Amazon fees and labor.
Cash dropped to $2.3M from $10.6M at Dec 31, 2021; inventory rose to $14.6M from $7.0M, strategically front-loaded.
Full-year 2022 revenue guidance reaffirmed at $81M-$90M (30-45% YoY growth).
CEO cited inflationary pressures and e-commerce traffic decline but said investments support future growth.

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