Hour Loop(HOUR) - 2024 Q1 - Quarterly Results

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, ...