---
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"
generated_at: "2026-06-04T08:05:16.660186+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hour Loop FY2023 revenue up 37.7% to $132.1M, net loss widens to $2.4M; guides FY2024 net income $0.5-2.0M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-011294
- JSON: https://secwatch.observer/filing/0001493152-24-011294.json
- Plain text: https://secwatch.observer/filing/0001493152-24-011294.txt

## Key facts
- Earnings Releases
  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.
  - Period: the year ended December 31, 2023
  - Revenue: $132.1 million
  - Net income: ($2.4 million)
  - EPS: ($0.07) per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1874875/000149315224011294/0001493152-24-011294-index.htm
- Earnings Releases
  Hour Loop, Inc reported full year 2024 results: revenue $145 million to $172 million, net income $0.5 million to $2 million. Guidance initiated.
  - Period: full year 2024
  - Revenue: $145 million to $172 million
  - Net income: $0.5 million to $2 million
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1874875/000149315224011294/0001493152-24-011294-index.htm

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