---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017847"
form_type: "8-K"
ticker: "HOUR"
cik: "0001874875"
company_name: "Hour Loop, Inc"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:27:45.377264+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hour Loop Q1 net income $1.1M vs loss $1.2M YoY; revenue up 17.2% to $24.7M

## Summary
- Net revenue $24.7M (+17.2% YoY); net income $1.1M ($0.03 diluted EPS) vs loss $1.2M ($0.04 loss per share) in Q1 2023.
- Gross margin improved to 58.5% from 45.6% a year ago; operating expenses as % of revenue fell to 52.3% from 53.2%.
- Cash from operations $0.5M vs ($3.3M) used a year ago; cash balance $2.9M, inventory down to $11.6M from $14.3M.
- Full year 2024 guidance: revenue $145M-$172M (10-30% growth), net income $0.5M-$2M.

## SEC filing metadata
- accession: 0001493152-24-017847
- form_type: 8-K
- ticker: HOUR
- cik: 0001874875
- company_name: Hour Loop, Inc
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1874875/000149315224017847/0001493152-24-017847-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874875/000149315224017847/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017847
- JSON: https://secwatch.observer/filing/0001493152-24-017847.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017847.txt

## Key facts
- Earnings Releases
  Hour Loop, Inc reported the quarter ended March 31, 2024 results: revenue $24.7 million, net income $1.1 million, EPS $0.03 per diluted share. Guidance initiated.
  - Period: the quarter ended March 31, 2024
  - Revenue: $24.7 million
  - Net income: $1.1 million
  - EPS: $0.03 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: retailer, announces its financial and operational results for the quarter ended March 31, 2024. Financial Highlights for First Quarter 2024: ● Net revenues increased 17.2% to $24.7 million, compared to $21.1 million in the year-ago period; ● Net income totaled $1.1 million, compared to net loss of $1.2 million in the year-ago period; and ● Cash provided for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874875/000149315224017847/0001493152-24-017847-index.htm

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