Hour Loop, Inc

Hour Loop, Inc. announced its Virtual Annual Meeting of Stockholders to be held on Monday, August 3, 2026, at 12:00 p.m. Eastern Time. Stockholders will vote on the election of five directors and the ratification of HTL International, LLC as the independent registered public accounting firm for the fiscal year ending December 31, 2026. The record date for stockholders entitled to vote is June 4, 2026.

Hour Loop, Inc. entered into Addendum No. 7 to the Executive Employment Agreements with Sam Lai, Chairman and CEO, and Sau Kuen (Maggie) Yu, Senior Vice President and Director. The addendums revise their 2026 bonus targets, linking them to net profit growth. Both executives are also entitled to a guaranteed bonus of $100,000 each.

Hour Loop reported strong top-line and bottom-line growth for the first quarter of 2026, with net revenues increasing by 15.8% and net income rising by 25.8% year-over-year. However, the company experienced a substantial increase in net cash used in operating activities, leading to a significant reduction in its cash balance. The business continues to show high reliance on the Amazon sales platform.

Hour Loop, Inc. announced its first quarter 2026 financial results, reporting a 16% increase in net revenues to $29.9 million and a 26% rise in net income to $0.82 million. Despite these gains, gross margin modestly decreased due to higher inbound costs and storage fees, and the company used $2.2 million in cash from operating activities compared to none in the prior year. The company reaffirmed its full-year 2026 revenue and net income guidance, emphasizing continued focus on operational efficiency and inventory management.