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Hour Loop Inc

Hour Loop Inc (HOUR)

0.9501
0.00
(0.00%)
At close: July 22 4:00PM
0.9501
0.00
( 0.00% )
After Hours: 4:02PM

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Key stats and details

Current Price
0.9501
Bid
0.9501
Ask
1.04
Volume
2,514
0.9501 Day's Range 1.00
0.8915 52 Week Range 2.1981
Market Cap
Previous Close
0.9501
Open
0.98
Last Trade Time
17:46:34
Financial Volume
$ 2,442
VWAP
0.971526
Average Volume (3m)
14,393
Shares Outstanding
35,108,804
Dividend Yield
-
PE Ratio
-13.73
Earnings Per Share (EPS)
-0.07
Revenue
132.12M
Net Profit
-2.43M

About Hour Loop Inc

Hour Loop Inc is an online retailer engaged in e-commerce retailing in the U.S. market. The product categories include home and garden decor, toys, kitchenware, apparels, and electronics. The company has only one segment, which is online retail (e-commerce). Hour Loop Inc is an online retailer engaged in e-commerce retailing in the U.S. market. The product categories include home and garden decor, toys, kitchenware, apparels, and electronics. The company has only one segment, which is online retail (e-commerce).

Sector
Catalog, Mail-order Houses
Industry
Catalog, Mail-order Houses
Headquarters
Wilmington, Delaware, USA
Founded
1970
Hour Loop Inc is listed in the Catalog, Mail-order Houses sector of the NASDAQ with ticker HOUR. The last closing price for Hour Loop was $0.95. Over the last year, Hour Loop shares have traded in a share price range of $ 0.8915 to $ 2.1981.

Hour Loop currently has 35,108,804 shares outstanding. The market capitalization of Hour Loop is $33.36 million. Hour Loop has a price to earnings ratio (PE ratio) of -13.73.

HOUR Latest News

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...

Reborn Coffee Reports Fiscal Year 2023 Financial Results

FY 2023 Record Revenue Increased 84% to $6.0 Million FY 2023 Gross Profit Increased 93% to $1.9 Million BREA, Calif., March 28, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN...

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...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0099-1.031250.961.060.93150320.96153959CS
4-0.0299-3.051020408160.981.060.8915108880.94363881CS
12-0.0999-9.514285714291.051.220.8915143931.06022238CS
26-0.4199-30.64963503651.372.19810.8915298031.31369415CS
52-0.6599-40.98757763981.612.19810.8915180251.34854922CS
156-3.5499-78.88666666674.510.310.89154435754.33645597CS
260-3.5499-78.88666666674.510.310.89154435754.33645597CS

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HOUR Discussion

View Posts
Monksdream Monksdream 5 months ago
HOUR new 52 week low
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TheFinalCD TheFinalCD 5 months ago
MISS
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PennyPusher786 PennyPusher786 1 year ago
I'm getting second handed embarrassment for the CEO... lol... Posts growth YOY and ticker tanks red LOL...
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Triple nickle Triple nickle 1 year ago
Tokyo trap buddie
They all do it to yeah
They let it run to make it fun and short it down to bring ya around
Classic S curve
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PennyPusher786 PennyPusher786 1 year ago
Good call. That's exactly what happened.... Bait and Pull
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PennyPusher786 PennyPusher786 1 year ago
Their revenue for 2022 and 1st quarter is strong though... suggests a gradual uptrend in share price in a normal market
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PennyPusher786 PennyPusher786 1 year ago
Looks like nobody ways this sh!t ticker... guess no $5 run like last time LOL
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PennyPusher786 PennyPusher786 1 year ago
Dead weight... flippers holding it back..... Market makers need to blow em out of the water lol
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PennyPusher786 PennyPusher786 1 year ago
Certainly has the premarket volume and the 70% gain in revenue to extend the run into the morning though
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PennyPusher786 PennyPusher786 1 year ago
Looks like it's gong to be weak all day... back to low $2s... but who knows... looks like bait and pull.... because they couldn't get enough retail to start buying the rip.... Could go back to low $2s but again who knows... could be a $9.25 -9.45 rip to see if it it has the potential to climb above $3... I'm sticking with low 2s and flipper .10 - .20 all day
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subslover subslover 1 year ago
Hour Loop Reports First Quarter 2023 Results
Demonstrates Strong Revenue Growth Despite Challenging e-Commerce Environment

Provides Full Year 2023 Revenue and Net Income Guidance

REDMOND, Wash., May 12, 2023 (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, 2023.

Financial Highlights for First Quarter 2023:

Net revenues increased 70.5% to $21.1 million, compared to $12.4 million in the year-ago period;
Net loss totaled $1.2 million, compared to net income of $0.6 million in the year-ago period; and
Cash used for operating activities was $3.1 million, compared to $7.9 million in the year-ago period.
Management Commentary

“We are pleased to report our first quarter 2023 results, in which we delivered great performance in terms of revenue growth,” said Sam Lai, CEO of Hour Loop. “The revenue growth rate for the first quarter was 70.5%, compared with the year-ago period, and outperformed most peers that we know.

“However, our gross margin was negatively impacted by the challenging e-commerce environment and intense competition caused by high inventory levels across the industry. Our operating expenses percentage, on the other hand, decreased because of efforts made for expenses management. Overall, we believe we’ve built a solid foundation to continue generating strong growth. We also aim to make improvements on profitability.”

“Looking forward, we’re cautiously optimistic. Despite an uncertain economy, we continue to see strong demand for our products so far in 2023. We are confident in our ability to continue delivering values to our vendors, customers, and shareholders.”

First Quarter 2023 Financial Results

Net revenues in the first quarter of 2023 were $21.1 million, compared to $12.4 million in the year-ago period. The increase was primarily due to continued growth and maturity in our personnel and operating model, despite the overall e-commerce traffic slowdown and intense competition.

Gross profit percentage decreased 6.7% to 45.6%, compared to 52.3% of net revenues in the comparable period a year ago. The decrease was a function of increased market competition, overstocked inventories, and higher Amazon fees.

Operating expenses percentage decreased 5.0% to 53.3%, compared to 58.3% of net revenues in the year-ago period. The decrease reflected better management of shipping, labelling, and preparation costs, as well as legal and professional fees.

Net loss in the first quarter of 2023 was $1.2 million, or $0.04 per diluted share, compared to $0.6 million, or $0.02 per diluted share, in the comparable year-ago period. The increase was driven by increased costs as a result of the reasons mentioned above despite efforts made for expenses management.

As of March 31, 2023, the Company had $1.3 million in cash and cash equivalents, compared to $4.6 million as of December 31, 2022. This decrease was driven by the payments made to vendors when due.

Inventories as of March 31, 2023, were $13.6 million, compared to $18.8 million as of December 31, 2022. The decrease represented strong sales momentum in the first quarter of 2023.

Full Year 2023 Financial Outlook

For the full year 2023, Hour Loop maintains its guidance for gross revenue to be in the range of $112 million to $122 million, representing 10% to 20% year-over-year growth. Hour Loop expects 2023 net income to be in the range of $0.5 million to $4 million.

About Hour Loop, Inc.
Hour Loop is an online retailer engaged in e-commerce retailing in the U.S. market. It has operated as a third-party seller on www.amazon.com and has sold merchandise on its website at www.hourloop.com since 2013. Hour Loop further expanded its operations to other marketplaces such as Walmart, eBay, and Etsy. To date, Hour Loop has generated practically all its revenue as a third-party seller on www.amazon.com and only a negligible amount of revenue from its own website and other marketplaces. Hour Loop manages more than 100,000 stock-keeping units (“SKUs”). Product categories include home/garden décor, toys, kitchenware, apparel, and electronics. Hour Loop’s primary strategy is to bring most of its vendors’ product selections to the customers. It has advanced software that assists Hour Loop in identifying product gaps so it can keep such products in stock year-round including the entirety of the last quarter (holiday season) of the calendar year. In upcoming years, Hour Loop plans to expand its business rapidly by increasing the number of business managers, vendors, and SKUs.

Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements" including with respect to Hour Loop’s business strategy, product development and industry trends. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Hour Loop. While Hour Loop believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to Hour Loop on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in Hour Loop’s filings with the Securities and Exchange Commission, as the same may be updated from time to time. Thus, actual results could be materially different. Hour Loop undertakes no obligation to update these statements whether as a result of new information, future events or otherwise, after the date of this release, except as required by law.

Investor Contact
Finance Department
finance@hourloop.com




HOUR LOOP, INC.
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Triple nickle Triple nickle 1 year ago
Bringing it up to short ya back down
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Awl416 Awl416 1 year ago
Moving on Q
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TheFinalCD TheFinalCD 1 year ago
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171817802&txt2find=lxeh
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subslover subslover 1 year ago
Time machine back to 1998
Hour Loop began in 2013 as an online marketplace dedicated to providing our customers with high-quality products and seamless shopping experience
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duderaja duderaja 1 year ago
why?
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subslover subslover 1 year ago
$HOUR $5.49 pre market
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LowFloatLopes LowFloatLopes 1 year ago
$15 today ?
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LowFloatLopes LowFloatLopes 1 year ago
Jxjt
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Triple nickle Triple nickle 1 year ago
Wooo hoooo
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TheFinalCD TheFinalCD 1 year ago
2.60'S AFTER HOUR https://finviz.com/quote.ashx?t=HOUR&ty=c&ta=1&p=d
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Triple nickle Triple nickle 1 year ago
Added a few
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BoilerRoom BoilerRoom 2 years ago
Out already
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TheFinalCD TheFinalCD 2 years ago
HOUR 3.95


where you in at
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BoilerRoom BoilerRoom 2 years ago
$HOUR going to run!
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BoilerRoom BoilerRoom 2 years ago
$HOUR holding steady here
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BoilerRoom BoilerRoom 2 years ago
$HOUR happy hour all week here
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BoilerRoom BoilerRoom 2 years ago
$HOUR load up imo
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BoilerRoom BoilerRoom 2 years ago
$HOUR Weeeeeeeeeeeeeee!
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BoilerRoom BoilerRoom 2 years ago
$HOUR going be a great day
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BoilerRoom BoilerRoom 2 years ago
$HOUR big runner rest of this week
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Invest-in-America Invest-in-America 2 years ago
HOUR: May 3 is my birthday (HA-HA!!); & this puppy is presently gassed-up on E-Turd's "Extended Hours" display via 16% (not so easy to do on today's crashing NASDAQ).


(My 'Markets Scanner'.)
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missile_systems missile_systems 2 years ago
Yeah buddy…..
Let’s see if we get a continuation tomorrow.
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BoilerRoom BoilerRoom 2 years ago
$HOUR Happy Hour!
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BoilerRoom BoilerRoom 2 years ago
$HOUR on the move
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TheFinalCD TheFinalCD 2 years ago
$HOUR 4.32 halted ^UP
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wesley_ wesley_ 2 years ago
$4.30 nice
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TheFinalCD TheFinalCD 2 years ago
$3 again

HOUR
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crudeoil24 crudeoil24 3 years ago
Agree! That spike run to 10.+ was great.
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$treet $inatra $treet $inatra 3 years ago
what a great ipo first day
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crudeoil24 crudeoil24 3 years ago
Shares of Hour Loop Inc. surged in their trading debut Friday after the online retailer raised $6 million in an initial public offering.
The Redmond, Wash., company sold 1.5 million shares at $4 each in the IPO, in line with expectations.

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crudeoil24 crudeoil24 3 years ago
Hour Loop, Inc. is an online retailer engaged in e-commerce retailing in the United States market. The Company’s product categories include home/garden decor, toys, kitchenware, apparels, and electronics. Its advanced software assists it in identifying product gaps so that it can keep products in stock. Its business model is wholesale, also known as reselling, which refers to buying products in bulk directly from the brand or manufacturer at a wholesale price and making a profit by selling the product on Amazon. It sells merchandise on Amazon and the sales are fulfilled by Amazon. It pays Amazon fees for allowing it to sell on their platform. It pays Walmart fees for allowing it to sell its merchandise on their platform. It develops a software that is tailor made to all its operational needs. This includes managing order review process, shipment managements, inventory management, accounting, and complete end-to-end third-party integrations.
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