Hour Loop Inc Down 12.33% To $1.28 After Earnings

Hour Loop Inc (HOUR) said after close Tuesday that it lost $0.01 per share in quarter four 2023. The company reported $59.5 million in revenue

In the same quarter a year ago, the company lost $0.02 per share on revenue of $51.2 million.

The stock is down 12.33% to $1.28 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Hour Loop Inc has performed a little below average during the past few months. Before the report, Hour Loop Inc received a Long-Term Technical Rank by InvestorsObserver of 29, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $0.98 on February 23, 2024 and set a 52-week high on May 2, 2023 at $4.89.

Hour Loop Inc is an online retailer engaged in e-commerce retailing in the U.S. market. The product categories include home and garden decor, toys, kitchenware, apparels, and electronics. The company has only one segment, which is online retail (e-commerce).