Hour Loop Reports First Quarter 2024 Results
Hour Loop, Inc. (HOUR)
Company Research
Source: GlobeNewswire
Returns to Profitability Despite Warning Signs for the Overall Economy Provides Full Year 2024 Revenue and Net Income Guidance Redmond, WA, May 06, 2024 (GLOBE NEWSWIRE) -- Hour Loop, Inc. (NASDAQ: HOUR) ("Hour Loop"), a leading online retailer, announces its financial and operational results for the quarter ended March 31, 2024. Financial Highlights for First Quarter 2024: Net revenues increased 17.2% to $24.7 million, compared to $21.1 million in the year-ago period; Net income totaled $1.1 million, compared to net loss of $1.2 million in the year-ago period; and Cash provided for operating activities was $0.5 million, compared to cash used in operating activities of $3.3 million in the year-ago period. Management Commentary "We are excited to report our first quarter 2024 results, in which we continued to deliver double digit revenue growth," said Sam Lai, CEO of Hour Loop. "The re
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HOUR
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/2/24 - Form 4
- HOUR's page on the SEC website