EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Hour Loop Reports First Quarter of 2026 Results Continued Profitability Despite a Challenging Economic Environment Redmond, WA, May 12, 2026 - Hour Loop, Inc. (NASDAQ: HOUR) (“Hour Loop” or the “Company”), a leading online retailer, announces its financial and operational results for the quarter ended March 31, 2026. Financial Highlights for First Quarter of 2026: Net revenues increased 16% to $29.9 million, compared to $25.8 million in the year-ago period; Net income increased to $0.82 million, compared to $0.65 million in the year-ago period; and Cash used in operating activities was $2.2 million, compared to cash used in operating activities of $0.0 million in the year-ago period. Management Commentary “We are pleased to share our first quarter 2026 financial results as we kicked off the year with strong momentum,” said Sam Lai, CEO and interim CFO of Hour Loop. “Revenue grew 16% year-over-year, supported by solid demand, stronger execution and the continued strength of our operating strategy.” “Gross margin was modestly lower compared to the year-ago period, primarily due to higher inbound costs and storage fee…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Hour Loop, Inc.
HOURNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On May 12, 2026, Hour Loop, Inc. (the “Company”) issued a press release announcing its financial and operational results for the quarter ended March 31, 2026, and reaffirming net revenue and net income guidance for the year ending December 31, 2026. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.…
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item
2.02. Results of Operations and Financial Condition.
On
May 12, 2026, Hour Loop, Inc. (the “Company”) issued a press release announcing its financial and operational results for
the quarter ended March 31, 2026, and reaffirming net revenue and net income guidance for the year ending December 31, 2026. A copy of
this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained in the website
is not a part of this current report on Form 8-K.
In
accordance with General Instruction B.2 of Form 8-K, the information included in this Item 2.02, including Exhibit 99.1, shall not be
deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such
a filing.