Hour Loop, Inc
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 27, 2025
HOUR$1.48-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(In U.S. Dollars, except for share and per share data)
| 2024 | 2023 | |
|---|---|---|
| Revenues, net | $138,252,861 | $132,124,202 |
| Cost of revenues | (66,242,153) | (65,606,947) |
| Gross profit | 72,010,708 | 66,517,255 |
| Operating expenses | ||
| Selling and marketing | 61,808,979 | 61,135,227 |
| General and administrative | 9,470,789 | 8,385,451 |
| Total operating expenses | 71,279,768 | 69,520,678 |
| Income (loss) from operations | 730,940 | (3,003,423) |
| Other (expenses) income | ||
| Other expense | (12,695) | (9,542) |
| Interest expense | (249,587) | (248,779) |
| Other income | 490,903 | 101,290 |
| Total other expenses, net | 228,621 | (157,031) |
| Income (loss) before income taxes | 959,561 | (3,160,454) |
| Income tax (expense) benefit | (302,114) | 730,760 |
| Net income (loss) | 657,447 | (2,429,694) |
| Other comprehensive loss | ||
| Foreign currency translation adjustments | (25,644) | (2,597) |
| Total comprehensive income (loss) | $631,803 | (2,432,291) |
| Basic and diluted income (loss) per common share | $0.02 | (0.07) |
| Weighted-average number of common shares outstanding | 35,119,761 | 35,066,592 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.