{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-016501","form_type":"8-K","ticker":"HOUR","cik":"0001874875","company_name":"Hour Loop, Inc","filed_at":"2023-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.420214+00:00","generated_at":"2026-06-15T02:52:15.811889+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Hour Loop Q1 revenue jumps 70.5% to $21.1M but net loss widens to $1.2M","bullets":["Net revenues $21.1M (+70.5% YoY) vs $12.4M a year ago.","Net loss of $1.2M ($0.04 diluted EPS) vs net income $0.6M ($0.02) prior year.","Gross margin fell 6.7pp to 45.6% due to competition, overstock, higher Amazon fees.","Cash and equivalents dropped to $1.3M from $4.6M at year-end 2022.","Full-year 2023 guidance: revenue $112M-$122M; net income $0.5M-$4.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-016501","json":"https://secwatch.observer/filing/0001493152-23-016501.json","markdown":"https://secwatch.observer/filing/0001493152-23-016501.md","text":"https://secwatch.observer/filing/0001493152-23-016501.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1874875/000149315223016501/0001493152-23-016501-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1874875/000149315223016501/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T02:52:15.811889+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6ba26f614a4f19ae32527eb0a3b881609cb088dc","claim":"Hour Loop, Inc reported the quarter ended March 31, 2023 results: revenue $21.1 million, net income $1.2 million, EPS $0.04 per diluted share. Guidance reaffirmed.","evidence_excerpt":"retailer, announces its financial and operational results for the quarter ended March 31, 2023. Financial Highlights for First Quarter 2023: ● Net revenues increased 70.5% to $21.1 million, compared to $12.4 million in the year-ago period; ● Net loss totaled $1.2 million, compared to net income of $0.6 million in the year-ago period; and ● Cash used for operating","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1874875/000149315223016501/0001493152-23-016501-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$21.1 million"},{"label":"Net income","value":"$1.2 million"},{"label":"EPS","value":"$0.04 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}