Hour Loop Q2 revenue up 25% to $33.9M; net income slips to $1.1M

Hour Loop, Inc

Net revenue $33.9M, +25% YoY vs $27.1M; net income $1.1M ($0.03/diluted) vs $1.2M ($0.04).
Gross margin fell to 52.9% from 57.2%; operating expenses as % of revenue improved to 49.2% from 51.2%.
Cash used in ops $3.6M vs $0.9M; cash balance $1.0M at June 30 vs $3.8M at Dec 31.
FY2026 guidance reaffirmed: revenue $143M-$163M (flat to +15% YoY), net income $0.75M-$1.5M.
CEO Sam Lai cites margin pressure but AI-first strategy; >100 AI agents deployed.

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