secwatch.observer — SEC 8-K summary
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Issuer:     Hour Loop, Inc (HOUR)
CIK:        0001874875
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001493152-24-017847
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874875/000149315224017847/0001493152-24-017847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874875/000149315224017847/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017847

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer