Exhibit 99.1 Hour Loop Reports Second Quarter 2024 Results Profitability Continues Despite Warning Signs for the Overall Economy Increases Full Year 2024 Revenue and Net Income Guidance Redmond, WA, Aug 9, 2024 – Hour Loop, Inc. (NASDAQ: HOUR) ("Hour Loop"), a leading online retailer, announces its financial and operational results for the quarter ended June 30, 2024. Financial Highlights for Second Quarter 2024: ● Net revenues increased 25.2% to $28.1 million, compared to $22.4 million in the year-ago peri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______, 20___, to _____, 20___. Commission File Number 001-41204 (Exact Name of Registrant as Specified in its Charter) Delaware 47-2869399 (State or Other Jurisdiction of I ...

Exhibit 99.1 Hour Loop Reports First Quarter 2024 Results Returns to Profitability Despite Warning Signs for the Overall Economy Provides Full Year 2024 Revenue and Net Income Guidance Operating expenses as a percentage of net revenues decreased 0.9% to 52.3%, compared to 53.2% of net revenues in the year-ago period. The decrease reflected better management of storage fees and labor costs. "We are excited to report our first quarter 2024 results, in which we continued to deliver double digit revenue growth, ...

Returns to Profitability Despite Warning Signs for the Overall Economy Provides Full Year 2024 Revenue and Net Income Guidance Redmond, WA, May 06, 2024 (GLOBE NEWSWIRE) -- Hour Loop, Inc. (NASDAQ:HOUR) ("Hour Loop"), a leading online retailer, announces its financial and operational results for the quarter ended March 31, 2024. Financial Highlights for First Quarter 2024:   Net revenues increased 17.2% to $24.7 million, compared to $21.1 million in the year-ago period;   Net income totaled $1.1 million, c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______, 20 ____, to ______, 20_____. Commission File Number 001-41204 HOUR LOOP, INC. (Exact name of registrant as specified in its charter) | Delaware | | 47-2869399 | | --- | - ...

Revenue and Growth - Revenue growth rate for 2023 was 37.7%, with net revenues increasing to $132.1 million from $95.9 million in 2022[2][4] - Hour Loop provided 2024 revenue guidance of $145 million to $172 million, representing 10% to 30% year-over-year growth, with expected net income of $0.5 million to $2 million[9] Profitability and Margins - Gross margin decreased by 0.8% to 50.3% in 2023, compared to 51.1% in 2022, due to increased market competition and aggressive clearance sales[6] - Net loss in 2023 was $2.4 million, or $0.07 per diluted share, compared to $1.5 million, or $0.04 per diluted share, in 2022[7] Operating Efficiency - Operating expenses percentage decreased by 0.5% to 52.6% in 2023, reflecting better management of shipping charges, advertising expenses, and labor costs[6] - Cash used for operating activities in 2023 was $2.1 million, a significant improvement from $11.6 million in 2022[5] Inventory Management - Inventories decreased to $14.3 million as of December 31, 2023, from $18.8 million in 2022, due to sales made throughout the year[8] Business Expansion - The company manages over 100,000 SKUs and plans to expand rapidly by increasing the number of business managers, vendors, and SKUs in upcoming years[10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41204 Hour Loop, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | | | --- | --- | | | 47-2869399 | For the transition period from ______, 20___, to _ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______, 20___, to _____, 20___. Commission File Number 001-41204 Hour Loop, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 47-2869399 (State or Other Ju ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Exact Name of Registrant as Specified in its Charter) Delaware 47-2869399 (State or Other Jurisdiction of Incorporation or Organization) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______, 20___, to _____, 20___. Com ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______, 20 ____, to ______, 20_____. Commission File Number 001-41204 HOUR LOOP, INC. (Exact name of registrant as specified in its charter) | Delaware | 47-2869399 | | --- | --- ...