U.S. Auto Parts Network (NASDAQ: PRTS) reported Q4 EPS of ($0.13), versus ($0.12) reported last year. Revenue for the quarter came in at $64.6 million versus the consensus estimate of $61.67 million.

• Net sales were $64.6 million compared to $68.5 million.
• Gross margin was 25.6% compared to 30.3%.
• Net loss was $4.5 million, or $(0.13) per share, compared to $4.1 million or $(0.12) per diluted share.
• Adjusted EBITDA (a non-GAAP measure defined below) was $0.7 million compared to $2.8 million.
• Ended the quarter with no revolver debt.

"U.S. Auto Parts has a rich history of providing consumers with affordable aftermarket auto parts, be it through the company's robust e-commerce platform or its third-party online marketplace partners," said Lev Peker, CEO of U.S. Auto Parts. \"We are also uniquely positioned in an online industry sector that is expected to more than double by 2023 as consumers continue to shift their auto parts shopping online. We have strong assets in place, a highly-efficient supply chain and over 1.5 million SKUs of high-quality private label and branded products to serve this growing consumer base."

"U.S. Auto Parts struggled in 2018, and the company\'s results have been disappointing to everyone. However, having assumed the leadership role just a few months ago, I have already identified multiple opportunities designed to return U.S. Auto Parts to profitable revenue growth, particularly within our e-commerce channel. This will require a reallocation of resources and incremental investments in personnel, technology and marketing strategies in 2019, along with a better utilization of the millions of consumer data points we generate every month."

"We are in the early stages of developing and deploying these new initiatives, and we will likely have to take a step back before moving forward. However, we expect to begin realizing some of the benefit from these initiatives towards the end of 2019. Although we have plenty of work ahead, we have every expectation of growing revenue in 2019 and delivering positive adjusted EBITDA. The opportunities ahead for U.S. Auto Parts are just beginning, and I look forward to leading the team and all stakeholders into this next chapter of growth."

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