Hour Loop, Inc. reported its financial and operational results for the year ended December 31, 2024, with net revenues reaching $138.3 million. This marks a 4.6% increase from $132.1 million in 2023, driven by continued growth and maturity in personnel and operating model. The company achieved this growth despite an overall e-commerce traffic slowdown and intense competition.
The company returned to profitability in 2024, posting a net income of $0.66 million, or $0.02 per diluted share, compared to a net loss of $2.43 million, or $0.07 per diluted share, in 2023. Gross profit percentage improved by 1.8% to 52.1%, and operating expenses as a percentage of net revenues decreased by 1% to 51.6%. These improvements were attributed to enhanced inventory quality, efficiency, and expense management.
As of December 31, 2024, Hour Loop held $2.1 million in cash and cash equivalents, a decrease from $2.5 million at the end of 2023, mainly due to loan repayment. Inventories remained stable at $14.6 million. The company's balance sheet reflects its operational funding and debt management.
For the full year 2025, Hour Loop provided guidance, expecting net revenue to be in the range of $145 million to $160 million, representing 5% to 15% year-over-year growth. The company also projected 2025 net income to be between $0.5 million and $2 million. This outlook provides investors with expectations for future performance.
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