U.S. Auto Parts Network (PRTS) Reports Q4 Loss of $0.12, Miss on Revenues; Offers FY18 EBITDA Outlook
Note: EPS may not be comparable
U.S. Auto Parts Network (NASDAQ: PRTS) reported Q4 EPS of ($0.12), versus ($0.01) reported last year. Revenue for the quarter came in at $68.5 million versus the consensus estimate of $71.6 million.
U.S. Auto Parts continues to expect net sales to increase low single digits on a percentage basis compared to 2017. The company also expects adjusted EBITDA to range between $14.5 million and $16.0 million compared to $14.2 million in 2017. U.S. Auto Parts is not including a reconciliation of adjusted EBITDA guidance to projected net income due to the high variability and difficulty in making accurate long-term forecasts and projections of net operating loss carryforwards which have a significant impact on future net income results. As a result, U.S. Auto Parts is unable to quantify its projected net income without unreasonable efforts.
For earnings history and earnings-related data on U.S. Auto Parts Network (PRTS) click here.