PARTS iD Inc. (ID) Reports Q4 Loss of $0.67 on Revenues of $93.1M

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PARTS iD, Inc. Reports Record Fourth Quarter and 2020 Results

March 9, 2021 4:05 PM EST

Full Year Revenues Increased 39.3%, Net Income was $2.1 Million and Adjusted EBITDA was $15.4 Million

CRANBURY, N.J.--(BUSINESS WIRE)-- PARTS iD, Inc. (NYSE American: ID) (PARTS iD or Company), the owner and operator of, among other verticals, CARiD.com, a leading digital commerce platform for the automotive aftermarket, today announced results for the fourth quarter and year ended December 31, 2020.

Full Year 2020 Financial Summary (Comparisons versus Full Year 2019)

Net revenue increased 39.3% to $400.8 million as compared to $287.8 million. Gross margin was 21.4% as compared to 21.3%. Operating expenses as a percent of net... More