Hour Loop reports Q2 EPS 2c vs. (2c) last year

Reports Q2 revenue $28.1M vs. $22.4M last year. “We are excited to report our second quarter 2024 results, in which we continued to deliver double digit revenue growth,” said Sam Lai, CEO. “In addition, the revenue growth rate accelerates in the second quarter, compared with the first quarter. Our gross margin and operating margin were both improved, compared with the year-ago period, because of efforts made for inventory quality and efficiency enhancement, operation efficiency improvement, as well as expenses management. Overall, we believe we’ve built a solid foundation to continue generating satisfactory growth while maintaining profitability. Looking forward, we’re cautiously optimistic. Despite an uncertain economy, we continue to see good demand for our products so far in 2024. We are confident in our ability to continue delivering value to our vendors, customers, and shareholders.”