Fenix Parts (FENX) Reports Q1 Loss of $1.97/Share

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Go back to Fenix Parts (FENX) Reports Q1 Loss of $1.97/Share

UPDATE -- Fenix Parts Announces First Quarter 2016 Results

June 29, 2016 8:06 AM EDT

Please note that the first bullet under the First Quarter 2016 Highlights section of the release should read "increased by 4%" not "increased by 10%" as previously stated.

The corrected release follows:

First Quarter 2016 Highlights

Net revenues increased sequentially by 9% to $32.8 million, compared to fourth quarter 2015 net revenues of $30.2 million, and increased by 4% compared to combined pro forma net revenues for the first quarter of 2015 of $31.4 millionContinued strong growth in parts sold to repair shop customers, including sales at the companies acquired in the second half of 2015 (Ocean County, Butler and... More

Fenix Parts Announces First Quarter 2016 Results

June 28, 2016 7:05 PM EDT

First Quarter 2016 Highlights

Net revenues increased sequentially by 9% to $32.8 million, compared to fourth quarter 2015 net revenues of $30.2 million, and increased by 10% compared to combined pro forma net revenues for the first quarter of 2015 of $31.4 millionContinued strong growth in parts sold to repair shop customers, including sales at the companies acquired in the second half of 2015 (Ocean County, Butler and Tri-City)Net Loss of $41.0 million, which includes significant non-cash amortization and other charges, including a goodwill impairment charge of approximately $43.3 million initially triggered by a decline in the Companys stock priceAdjusted Operating... More