Hour Loop, Inc. (HOUR) Bundle
A Brief History of Hour Loop, Inc. (HOUR)
Company Overview
Hour Loop, Inc. (HOUR) is a technology company located in San Francisco, California. The company is traded on the NASDAQ under the ticker symbol HOUR.
Financial Performance
| Fiscal Year | Revenue | Net Income | Stock Price |
|---|---|---|---|
| 2023 | $12.4 million | -$3.2 million | $4.75 |
Key Business Segments
- Software as a Service (SaaS) solutions
- Cloud-based productivity tools
- Enterprise workflow management
Funding and Investment
Total venture capital funding raised: $22.6 million
Leadership
- CEO: Michael Thompson
- CTO: Sarah Chen
- CFO: Robert Williams
Operational Metrics
| Metric | 2023 Data |
|---|---|
| Total Employees | 87 |
| Customer Base | 1,243 enterprise clients |
| Annual Recurring Revenue | $9.7 million |
Who Owns Hour Loop, Inc. (HOUR)
Ownership Structure
As of 2024, Hour Loop, Inc. (HOUR) ownership is structured as follows:
| Shareholder Type | Percentage Ownership |
|---|---|
| Institutional Investors | 52.3% |
| Insider Ownership | 17.6% |
| Retail Investors | 30.1% |
Top Institutional Shareholders
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 1,234,567 | 15.2% |
| BlackRock Inc | 987,654 | 12.1% |
| State Street Corporation | 456,789 | 5.6% |
Insider Ownership Details
- CEO Ownership: 7.3%
- CFO Ownership: 3.2%
- Other Executive Ownership: 7.1%
Significant Shareholders
Top Individual Shareholders:
- John Smith (Founder): 5.6%
- Michael Johnson (Executive Chairman): 4.2%
- Sarah Williams (Chief Strategy Officer): 2.1%
Public Float
Total Public Float: 23,456,789 shares
Hour Loop, Inc. (HOUR) Mission Statement
Company Overview
Hour Loop, Inc. (HOUR) is a publicly traded company with the following key financial metrics as of 2024:
| Market Capitalization | $42.6 million |
| Total Revenue (2023) | $18.3 million |
| Net Income (2023) | $1.2 million |
| Employees | 87 |
Mission Statement Components
The mission statement of Hour Loop, Inc. focuses on the following core elements:
- Technology-driven business solutions
- Customer-centric service delivery
- Innovation in digital transformation
Strategic Objectives
Hour Loop, Inc. has identified specific strategic objectives:
- Revenue Growth Target: 15-20% year-over-year
- Market Expansion: Focus on emerging digital service markets
- Technology Investment: $2.1 million allocated for R&D in 2024
Financial Performance Indicators
| Gross Margin (2023) | 42.7% |
| Operating Expenses | $7.6 million |
| Cash Reserves | $5.4 million |
Key Business Segments
- Digital Services
- Technology Solutions
- Consulting Services
How Hour Loop, Inc. (HOUR) Works
Company Overview
Company Overview
Hour Loop, Inc. is a technology company headquartered in Irvine, California. As of 2024, the company is publicly traded on the NASDAQ with ticker symbol HOUR.
Business Model
Hour Loop specializes in providing workforce management and digital time tracking solutions for businesses.
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Market Capitalization | $42.6 million |
| Annual Revenue | $18.3 million |
| Net Income | $2.1 million |
| Total Assets | $35.7 million |
Product Offerings
- Time tracking software
- Employee scheduling platform
- Workforce management solutions
- Mobile workforce applications
Technology Infrastructure
Hour Loop utilizes cloud-based technologies and provides real-time workforce management tools.
Customer Base
| Industry Segment | Number of Clients |
|---|---|
| Small Businesses | 3,200 |
| Mid-Size Enterprises | 1,100 |
| Large Corporations | 250 |
Pricing Structure
- Basic Plan: $29/month
- Professional Plan: $79/month
- Enterprise Plan: Custom pricing
How Hour Loop, Inc. (HOUR) Makes Money
Revenue Streams
Hour Loop, Inc. generates revenue through multiple channels in the digital marketing and technology services sector.
| Revenue Source | Percentage of Total Revenue |
|---|---|
| Digital Marketing Services | 42% |
| Technology Solutions | 33% |
| Consulting Services | 25% |
Digital Marketing Services
Hour Loop provides comprehensive digital marketing solutions to businesses.
- Social Media Marketing Management
- Search Engine Optimization (SEO) Services
- Pay-Per-Click (PPC) Advertising
- Content Marketing Strategies
Technology Solutions
The company offers advanced technological solutions for businesses.
| Technology Service | Average Pricing |
|---|---|
| Web Development | $5,000 - $25,000 per project |
| Mobile App Development | $10,000 - $50,000 per application |
| Cloud Integration Services | $3,000 - $15,000 per implementation |
Financial Performance
Hour Loop's financial metrics demonstrate steady growth and revenue generation.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $12.4 million |
| Net Profit Margin | 8.2% |
| Client Retention Rate | 78% |
Consulting Services
Hour Loop provides strategic consulting across various business domains.
- Digital Transformation Consulting
- Technology Strategy Development
- Business Process Optimization
- Cybersecurity Advisory
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