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 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.
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 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 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 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 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.
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.
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.
Audit committee dismissed TPS Thayer, LLC on Sept 13, 2023; no disagreements or reportable events.
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 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 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 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