Douglas Branch
On July 22, 2024, Douglas Branch resigned his position as a member of the Board of Directors of Hour Loop, Inc.
Highest-materiality recent filing
Hour Loop amends CEO and VP 2026 bonuses; adds $100K guaranteed, profit-linked targets
Sam Lai and Maggie Yu each get a guaranteed $100K bonus on Dec 22, 2026.
Hour Loop Q1 revenue $29.9M (+16% YoY); net income $0.82M; reaffirms FY guidance
Net revenues $29.9M, up 16% from $25.8M YoY; net income $0.82M ($0.02 EPS) vs $0.65M.
Hour Loop reports FY2025 revenue $142.4M (+3% YoY), net income $1.7M; issues FY2026 guidance
Net revenue $142.4M (up 3% YoY); net income $1.7M ($0.05 EPS) vs $0.7M ($0.02 EPS) prior year.
Amendment to Section 7.4 clarifies fee-shifting does not apply to internal corporate claims or stockholder derivative actions.
Hour Loop sets FY2026 bonus targets for CEO Lai and SVP Yu; both get $100K guaranteed bonus
CEO Sam Lai gets guaranteed $100K bonus Dec 22, 2026; target bonus 50% of base if net profit ≥$750K, 100% if ≥$1.5M.
Hour Loop approves $950K in cash bonuses to CEO Sam Lai and SVP Maggie Yu
Audit Committee and Board approved $500K bonus to CEO/Chairman Sam Lai and $450K to SVP/board member Maggie Yu.
Hour Loop Q3 2025 revenue $33.4M (+7.6% YoY), net income $0.53M vs $0.47M
Net revenue $33.4M, up 7.6% YoY; net income $0.53M ($0.01 diluted EPS).
Hour Loop holds 2025 annual meeting; reelects all five directors and ratifies auditor
Sam Lai, Maggie Yu, Hillary Bui, Minghui Gao, Michael Lenner elected with >33.4M votes each.
Hour Loop Q2 net income doubles to $1.2M on margin improvements despite 3.4% revenue decline
Net income of $1.2M ($0.04 EPS) vs $0.6M ($0.02) YoY; revenue fell 3.4% to $27.1M.
Hour Loop sets FY2025 bonus targets for CEO Lai and SVP Yu; guaranteed $100K each
CEO Sam Lai and SVP Sau Kuen Yu each get a guaranteed $100,000 bonus on Dec 22, 2025.
Hour Loop partners with Return Helper to mitigate tariff impact, enhance U.S. supply chain
Hour Loop (HOUR) announced strategic partnership with Return Helper to tackle high-tariff challenges and enhance cross-border supply chain between Taiwan and U.S.
Hour Loop Q1 revenue up 4.7% to $25.8M; net income falls to $0.7M, margins compress
Net revenues $25.8M (+4.7% YoY); net income $0.7M ($0.02 diluted EPS) vs $1.1M ($0.03) in Q1 2024.
Hour Loop reports FY2024 net income of $0.66M vs loss of $2.43M; revenue up 4.6% to $138.3M
Net income of $0.66M ($0.02 diluted EPS) vs net loss of $2.43M in 2023.
Hour Loop sets 2025 bonus targets for CEO Lai and SVP Yu; $100k guaranteed bonus each
CEO Sam Lai eligible for bonus of 50% base salary if FY25 net profit ≥$500k; 100% if ≥$1M.
Hour Loop Q3 net income $0.5M vs loss; revenue up 6.6% to $31.1M
Net income of $0.5M ($0.01 diluted EPS) vs net loss of $0.02M a year ago.
Hour Loop holds 2024 annual meeting, elects directors and ratifies auditor
All five director nominees elected: Sam Lai, Maggie Yu, Hillary Bui, Alan Gao, Michael Lenner.
Hour Loop regains Nasdaq minimum bid price compliance; deficiency notice closed
On Aug 23, 2024, received Nasdaq compliance notice after closing price ≥$1.00 for 10 consecutive business days (Aug 9-22).
Hour Loop Q2 2024 revenue $28.1M (+25% YoY); swings to profit; raises FY guidance
Net revenue $28.1M (+25.2% YoY); net income $0.6M vs loss $0.8M; diluted EPS $0.02 vs loss $0.02.
Hour Loop receives Nasdaq non-compliance notice for bid price below $1.00
On July 26, 2024, Hour Loop received a bid price notice from Nasdaq for failing to maintain minimum $1.00 closing bid price for 30 consecutive business days.
Director Douglas Branch resigns from Hour Loop board effective July 22, 2024
Douglas Branch resigned as a member of the Board of Directors on July 22, 2024.
Hour Loop Q1 net income $1.1M vs loss $1.2M YoY; revenue up 17.2% to $24.7M
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.
Net revenues $132.1M (+37.7% YoY); net loss $2.4M ($0.07/sh) vs $1.5M loss in 2022.
Sam Lai (CEO) guaranteed $100k bonus; target bonus: 50% base if breakeven, 100% base if net profit >= $500k.
Hour Loop stockholders elect all six director nominees at 2023 annual meeting
Each of Sam Lai, Maggie Yu, Douglas Branch, Hillary Bui, Alan Gao, and Michael Lenner elected with >33.3M votes for each.
Hour Loop Q3 revenue up 66% to $29.2M; raises FY2023 revenue guidance to $145-153M
Net revenues $29.2M (+66.1% YoY); net loss $0.02M vs net income $0.15M in Q3 2022.
Hour Loop announces investor presentation; exhibit not provided
Management will deliver an investor presentation starting October 12, 2023.
Hour Loop amends 8-K with auditor letter after dismissing TPS Thayer, appointing HTL
Audit committee discharged TPS Thayer on Sept 13, 2023; appointed HTL International same day as new independent auditor.
Audit committee dismissed TPS Thayer, LLC on Sept 13, 2023; no disagreements or reportable events.
Hour Loop Q2 revenue up 51.5% to $22.4M; net loss widens; raises FY revenue guidance
Net revenues $22.4M (+51.5% YoY); net loss $0.8M ($0.02/diluted share) vs $0.3M loss a year ago.
Hour Loop Q1 revenue jumps 70.5% to $21.1M but net loss widens to $1.2M
Net revenues $21.1M (+70.5% YoY) vs $12.4M a year ago.
Net revenues $95.9M in 2022, up 52.8% from $62.8M in 2021.
Hour Loop appoints Hillary Bui to board; sets FY2023 bonus targets for CEO and SVP
Board increased from 5 to 6; Hillary Bui appointed director effective Feb 20, 2023.
Hour Loop Q3 revenue $17.6M (+68% YoY); raises FY2022 guidance to $91-100M
Total revenues $17.6M, up 68.4% YoY and 18.6% QoQ; net income $0.15M vs $0.30M YoY (EPS $0.005).
Hour Loop annual meeting: directors elected, say-on-pay approved, auditors ratified
All five director nominees (Sam Lai, Maggie Yu, Douglas Branch, Michael Lenner, Alan Gao) elected with over 33.4M votes each.
Hour Loop Q2 revenue up 27% to $14.8M; net loss $0.31M vs net income $0.86M YoY
Revenue $14.8M (+27.1% YoY); net loss $0.31M ($0.01 EPS loss) vs net income $0.86M ($0.03 EPS) a year ago.
Hour Loop Q1 revenue up 32.5% to $12.4M but net loss of $0.65M; guides 2022 rev $81-90M
Revenue $12.4M (+32.5% YoY); net loss $0.65M vs net income $0.86M a year ago.
CFO Rahul Ratan resigns; CEO Sam Lai appointed interim CFO effective March 29, 2022
Rahul Ratan resigned as CFO for personal reasons, effective March 29, 2022.
Hour Loop furnishes investor presentation; no specifics available
Company filed 8-K to announce availability of investor presentation beginning March 9, 2022.
Hour Loop sets FY2022 bonus targets for CEO Sam Lai and SVP Maggie Yu
CEO Sam Lai: 50% of base salary bonus if net profit (ex-tax) ≥ $7M; 100% if ≥ $8.5M in FY2022.
Hour Loop closes $6.9M IPO; 1.725M shares sold at $4.00, trading on Nasdaq as HOUR
IPO priced at $4.00/share; total 1,725,000 shares sold including full over-allotment.
On July 22, 2024, Douglas Branch resigned his position as a member of the Board of Directors of Hour Loop, Inc.
the Board appointed Hillary Bui to serve as a member of the Board, to fill the vacancy created by the increase in the size of the Board.
Rahul Ratan, Chief Financial Officer of Hour Loop, Inc. (the “Company”), advised the Company’s Board of Directors (the “Board”) that, for personal reasons, he resigned as Chief Financial Officer, effective March 29, 2022.
The Board has appointed Sam Lai, the Company’s Chairman of the Board and Chief Executive Officer, to serve as Interim Chief Financial Officer, principal financial officer and principal accounting officer.
Max materiality 0.80 · Median 0.55 · Most common event earnings