U.S. Auto Parts Network (PRTS) Misses Q1 EPS by 1c

U.S. Auto Parts Network (NASDAQ: PRTS) reported Q1 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $80.8 million versus the consensus estimate of $82.34 million.

• Net sales increased to $80.8 million compared to $80.7 million
• Gross margin was 29.4% compared to 30.4%
• Net income was $0.8 million, or $0.02 per diluted share compared to $1.5 million or $0.04 per diluted share
• Adjusted EBITDA (a non-GAAP measure defined below) was $4.0 million compared to $4.3 million
• Ended the quarter with no revolver debt compared to $3.0 million at April 2, 2016

For earnings history and earnings-related data on U.S. Auto Parts Network (PRTS) click here.

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