Hour Loop Reports Full Year 2023 Results
Hour Loop, Inc. (HOUR)
Company Research
Source: GlobeNewswire
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; andCash used for operating activities was $2.1 million and $11.6 million for the year ended December 31, 2023 and 2022, respectively. Management Commentary “We are pleased to report our full year 2023 results, in which we continued to deliver significant revenue growth,” said Sam Lai, CEO of Hour Loop. “The revenue growth rate for 2023 was 37.7%, compared with 2022, and outperformed most peers that we know.”
Show less
Read more
Impact Snapshot
Event Time:
HOUR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HOUR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HOUR alerts
High impacting Hour Loop, Inc. news events
Weekly update
A roundup of the hottest topics
HOUR
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- HOUR's page on the SEC website