secwatch.observer — SEC 8-K summary
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Issuer:     Hour Loop, Inc (HOUR)
CIK:        0001874875
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001493152-23-010243
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hour Loop FY2022 revenue $95.9M (+52.8%), net loss $1.5M; FY2023 guidance: rev $112-122M, net income $0.5-4M
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- Net revenues $95.9M in 2022, up 52.8% from $62.8M in 2021.
- Net loss of $1.5M ($0.04 diluted EPS) vs net income of $4.8M ($0.14 diluted EPS) in 2021.
- Gross margin decreased to 51.1% from 55.4%; operating expenses increased 73.7% to $50.9M.
- Cash used in operations $11.6M; cash balance $4.6M (Dec 2022) vs $10.6M (Dec 2021); inventory $18.7M vs $7.0M.
- FY2023 guidance: gross revenue $112-122M (10-20% growth), net income $0.5-4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874875/000149315223010243/0001493152-23-010243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874875/000149315223010243/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-010243

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