HOUR

#4142
Hour Loop, Inc. - common stock
1.8 8 USD
+0.02%
Market Price
Settore: Beni di Consumo Ciclici
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
1.88
1.88
Intervallo Annuale
1.24
6.84
Variazione giornaliera
+1.62%
Variazione Mensile
+6.82%
Variazione di 6 mesi
-2.08%
Variazione Annuale
+45.74%
Chiusura Precedente
1.8 5
Open
1.8 8
Minimo
1.8 8
Massimo
1.8 8
Volume
1
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
Hour Loop, Inc current report, Q3 FY2026
8-K
Current report, Q3 FY2026
Hour Loop, Inc current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Hour Loop, Inc quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Hour Loop, Inc current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Hour Loop, Inc current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Hour Loop, Inc quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
Hour Loop, Inc current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Hour Loop, Inc current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Hour Loop, Inc current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Hour Loop, Inc current report, Q1 FY2026
8-K

Hour Loop, Inc current report, Q1 FY2024

Full document

Hour Loop, Inc. Form 8-K Summary

Business Context and Reporting Period

This Current Report on Form 8-K was filed by Hour Loop, Inc. (Nasdaq: HOUR) on February 26, 2024. The report details amendments to executive employment agreements for the company's Chairman, CEO, and majority stockholder, Sam Lai, and its Senior Vice President and Director, Sau Kuen (Maggie) Yu.

Key Financial Metrics

The filing does not provide current revenue, profit, cash flow, margin, debt, or liquidity figures. The document focuses exclusively on executive compensation structures tied to future performance targets for the 2024 fiscal year.

Material Changes and Executive Compensation

On February 26, 2024, the Company entered into Addendum No. 3 to the employment agreements for Mr. Lai and Ms. Yu. Key terms include:

  • Sam Lai (CEO/Chairman):
    • Performance Bonus: 50% of base salary if the Company achieves breakeven (net profits excluding taxes $\ge$ $0) in fiscal 2024.
    • Performance Bonus: 100% of base salary if net profits (excluding taxes) reach at least $500,000 in fiscal 2024.
    • Guaranteed Bonus: $100,000 payable on December 27, 2024.
  • Sau Kuen Yu (SVP/Director):
    • Performance Bonus: 50% of base salary if the Company acquires at least 100 new vendors in fiscal 2024.
    • Performance Bonus: 100% of base salary if the Company acquires at least 135 new vendors in fiscal 2024.
    • Guaranteed Bonus: $100,000 payable on December 27, 2024.

Only one performance bonus tier is payable per executive. Mr. Lai and Ms. Yu are husband and wife and collectively beneficially own approximately 95% of the Company's voting power.

Guidance, Outlook, and Risks

The filing establishes specific operational and financial targets for the 2024 fiscal year, implying a management focus on achieving profitability and vendor expansion. No formal forward-looking guidance regarding revenue or earnings per share is provided in this document. The primary risk highlighted is the significant concentration of ownership and voting power held by the executive couple.

Investor Verification Checklist

  • Verify the Company's current base salary figures for Mr. Lai and Ms. Yu to calculate potential total compensation.
  • Review the most recent 10-K or 10-Q to assess the Company's current trajectory toward the $500,000 net profit target.
  • Confirm the current count of active vendors to evaluate the feasibility of the 100-135 new vendor acquisition target.
  • Assess the impact of the $200,000 combined guaranteed bonus liability on the Company's cash flow for late 2024.

Notizie