---
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"
generated_at: "2026-06-15T02:52:15.811889+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hour Loop Q1 revenue jumps 70.5% to $21.1M but net loss widens to $1.2M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-016501
- JSON: https://secwatch.observer/filing/0001493152-23-016501.json
- Plain text: https://secwatch.observer/filing/0001493152-23-016501.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended March 31, 2023
  - Revenue: $21.1 million
  - Net income: $1.2 million
  - EPS: $0.04 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1874875/000149315223016501/0001493152-23-016501-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.