Every material Form 8-K Hour Loop, Inc has filed with the SEC since May 12, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hour Loop reported second-quarter 2026 results, with net revenue up 25% year over year to $33.9 million while net income fell slightly to $1.1 million. Gross margin narrowed to 52.9% from 57.2%, and cash used in operating activities rose to $3.6 million from $0.9 million. The company reaffirmed its full-year 2026 net revenue and net income guidance, which matters to shareholders because it signals no change to the outlook despite weaker margins and cash flow.
Net revenues were $33.9 million, up from $27.1 million a year earlier; the company attributed the increase mainly to expanded inventory availability.
Net income was $1.1 million, or $0.03 per diluted share, compared with $1.2 million, or $0.04 per diluted share, in the prior-year quarter.
Gross margin fell to 52.9% from 57.2%, and cash used in operating activities was $3.6 million versus $0.9 million a year earlier.
Full-year 2026 guidance was reaffirmed: net revenue of $143.0 million to $163.0 million and net income of $0.75 million to $1.5 million.
On May 15, 2026, Hour Loop entered into Addendum No. 7 employment agreements with Chairman and CEO Sam Lai, who is also interim CFO, and with Senior Vice President and Director Sau Kuen (Maggie) Yu, revising their 2026 bonus terms. Each bonus depends on net profit (excluding taxes and executives' bonuses) reaching a threshold at the end of fiscal 2026, and each executive is also due a $100,000 guaranteed bonus on December 22, 2026. Because the couple together hold about 94.8% of the company's voting power, shareholders other than them have limited influence over these arrangements.
Net profit target of at least $1,000,000 in fiscal 2026 pays a bonus of 50% of base salary to each executive.
Net profit target of at least $2,000,000 in fiscal 2026 pays a bonus of 100% of base salary; only one bonus amount is payable.
Each executive is entitled to a guaranteed $100,000 bonus on December 22, 2026.
Sam Lai and Maggie Yu are husband and wife and together beneficially own 33,360,142 shares, about 94.8% of voting power.
Hour Loop reported first-quarter 2026 net revenue of $29.9 million, up 16% from $25.8 million a year earlier, and net income of $0.82 million, up from $0.65 million. The company reaffirmed its full-year 2026 net revenue guidance of $143.0 million to $163.0 million and net income guidance of $0.75 million to $1.5 million, but cash used in operating activities rose to $2.2 million and gross margin fell to 53.5%.
Net revenues rose 16% to $29.9 million, versus $25.8 million a year earlier.
Net income was $0.82 million, or $0.02 per diluted share, versus $0.65 million, or $0.02 per diluted share, a year earlier.
Gross margin fell to 53.5% from 54.7%, mainly due to higher storage fees and inbound costs.
Cash used in operating activities was $2.2 million, versus $0.0 million a year earlier; cash was $0.9 million as of March 31, 2026, down from $3.8 million at December 31, 2025.
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