Hour Loop
HOUR

$1.26

5.59%

Market Cap: $44.3M

About: Hour Loop Inc is a technology-enabled consumer products company that uses machine learning and data analytics to design, develop, market, and sell products. Hour Loop predominantly operates through online retail channels such as Amazon, Walmart, and Hourloop.com. The Company, as an Internet marketplace seller, sells products in multiple categories, including home/garden decor, toys, kitchenware, apparel, and electronics. It has only one segment, which is online retail (e-commerce).

Employees: 178

Consumer Discretionary Catalog & Mail-Order Houses

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

100% more funds holding

Funds holding: 2 [Q1] → 4 (+2) [Q2]

57% more capital invested

Capital invested by funds: $34.1K [Q1] → $53.7K (+$19.6K) [Q2]

0.08% more ownership

Funds ownership: 0.09% [Q1] → 0.16% (+0.08%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for HOUR.

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Financial journalist opinion

Hour Loop Reports First Quarter 2024 Results

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.

Hour Loop Reports First Quarter 2024 Results

Hour Loop Reports Full Year 2023 Results

Demonstrates Strong Revenue Growth Despite Challenging e-Commerce Environment Provides Full Year 2024 Revenue and Net Income Guidance Redmond, WA, March 26, 2024 (GLOBE NEWSWIRE) -- Hour Loop, Inc. (NASDAQ: HOUR) (“Hour Loop”), a leading online retailer, announces its financial and operational results for the year ended December 31, 2023. Financial Highlights for 2023: Net revenues increased 37.7% to $132.1 million, compared to $95.9 million in 2022; Net loss totaled $2.4 million, compared to net loss $1.5 million in 2022; and Cash used for operating activities was $2.1 million and $11.6 million for the year ended December 31, 2023 and 2022, respectively.

Hour Loop Reports Full Year 2023 Results

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