earnings
confidence high
sentiment positive
materiality 0.60
Hour Loop Q3 net income $0.5M vs loss; revenue up 6.6% to $31.1M
Hour Loop, Inc
2024-Q3 EPS reported
$0.06
revenue$83,827,327
- Net income of $0.5M ($0.01 diluted EPS) vs net loss of $0.02M a year ago.
- Revenue increased 6.6% to $31.1M from $29.1M YoY.
- Gross margin improved to 54.8% from 52.6%; operating expenses flat at ~52.5% of revenue.
- Cash balance $1.2M at Sep 30, down from $2.5M at Dec 31; inventories up to $29.1M for holiday.
- Full-year 2024 guidance maintained: revenue $165M-$250M, net income $4M-$6M.