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Hour Loop, Inc. shared its third-quarter results, showing lower sales and profit than last year.

ResultsRead the original at SEC EDGAR
Bad for HOUR

Quarterly sales and profit fell, and operations used $4.1 million in cash, up from $0.4 million a year earlier. Nine-month sales grew 11% and Hour Loop remained profitable, but the weaker quarter and greater cash use weigh more.

HOUR · Hour Loop, Inc.

AI read · Bad for HOUR

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The larger concern is cash: operations used $4.1 million, versus $0.4 million a year earlier, and cash fell to $1.1 million from $3.8 million. The company says it bought inventory for the holiday season. Nine-month sales rose 11%, and Hour Loop still made a profit. But quarterly sales, profit, and gross profit as a share of sales all fell. The weaker quarter and greater cash use outweigh the longer-period sales growth.

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