{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-011294","form_type":"8-K","ticker":"HOUR","cik":"0001874875","company_name":"Hour Loop, Inc","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.190761+00:00","generated_at":"2026-06-04T08:05:16.660186+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hour Loop FY2023 revenue up 37.7% to $132.1M, net loss widens to $2.4M; guides FY2024 net income $0.5-2.0M","bullets":["Net revenues $132.1M (+37.7% YoY); net loss $2.4M ($0.07/sh) vs $1.5M loss in 2022.","Gross margin slipped to 50.3% from 51.1%; operating expenses improved to 52.6% of revenue from 53.1%.","Cash $2.5M at year-end (down from $4.6M); inventories $14.3M (down from $18.8M).","FY2024 guidance: revenue $145M-$172M (10-30% growth), net income $0.5M-$2.0M.","CEO cites challenging e-commerce environment, aggressive clearance sales, but sees strong demand in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-011294","json":"https://secwatch.observer/filing/0001493152-24-011294.json","markdown":"https://secwatch.observer/filing/0001493152-24-011294.md","text":"https://secwatch.observer/filing/0001493152-24-011294.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1874875/000149315224011294/0001493152-24-011294-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1874875/000149315224011294/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:05:16.660186+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":"538278b0df01aa037a44fb07e9cc6f053de4e412","claim":"Hour Loop, Inc reported the year ended December 31, 2023 results: revenue $132.1 million, net income ($2.4 million), EPS ($0.07) per diluted share. Guidance initiated.","evidence_excerpt":"leading online retailer, announces its financial and operational results for the year ended December 31, 2023. Financial Highlights for 2023: ● Net revenues increased 37.7% to $132.1 million, compared to $95.9 million in 2022; ● Net loss totaled $2.4 million, compared to net loss $1.5 million in 2022; and ● Cash used for operating activities was $2.1 million and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1874875/000149315224011294/0001493152-24-011294-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$132.1 million"},{"label":"Net income","value":"($2.4 million)"},{"label":"EPS","value":"($0.07) per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bfaf185ccb3a4f4b73598a58db3eaef0df67b23e","claim":"Hour Loop, Inc reported full year 2024 results: revenue $145 million to $172 million, net income $0.5 million to $2 million. Guidance initiated.","evidence_excerpt":"For the full year 2024, Hour Loop is providing guidance for net revenue to be in the range of $145 million to $172 million, representing 10% to 30% year-over-year growth. The Company expects 2024 net income to be in the range of $0.5 million to $2 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1874875/000149315224011294/0001493152-24-011294-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2024"},{"label":"Revenue","value":"$145 million to $172 million"},{"label":"Net income","value":"$0.5 million to $2 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}