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Last $2.14 USD
Change Today 0.00 / 0.00%
Volume 11.1K
PRTS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

us auto parts network inc (PRTS) Key Developments

U.S. Auto Parts Network, Inc. Announces Management Changes

U.S. Auto Parts Network, Inc. announced the appointment of Neil Watanabe as Chief Financial Officer effective March 23, 2015. Mr. Watanabe has over 30 years of finance, accounting and operational experience and has served as the Chief Financial Officer for both public and private national retail companies. Mr. Watanabe recently served as Chief Operating Officer for National Stores, a discount department store chain that operates more than 300 locations. Prior to joining National Stores, from 2006-2014, Mr. Watanabe was the Executive Vice President and Chief Financial Officer for Anna's Linens, a national textiles and home goods store that operates more than 300 locations. In connection with the appointment of Mr. Watanabe as Chief Financial Officer, Michael Yoshida, the former Interim Chief Financial Officer, will return to his prior role as Vice President and Controller of U.S. Auto Parts.

U.S. Auto Parts Network, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 3, 2015; Provides Earnings Guidance for the Full Year of 2015

U.S. Auto Parts Network, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended January 3, 2015. For the quarter, the company reported net sales of $70,568,000 against $59,735,000 a year ago. Loss from operations was $2,252,000 against $1,037,000 a year ago. Loss before income taxes was $2,543,000 against $1,373,000 a year ago. Net loss attributable to the company was $2,406,000 or $0.07 basic and diluted per share against $1,325,000 or $0.04 basic and diluted per share a year ago. Adjusted EBITDA was $1,171,000 compared to $1,622,000 a year ago. The net sales increase was primarily due to an increase of $10.56 million, or 19.8%, in online sales. Capital expenditures were $1.26 million compared with $1.65 million in fourth quarter of 2013. Negative EBITDA was $30,000 against EBITDA of $1,424,000 a year ago. For the year, the company reported net sales of $283,508,000 against $254,753,000 a year ago. Loss from operations was $5,912,000 against $14,767,000 a year ago. Loss before income taxes was $6,948,000 against $15,591,000 a year ago. Net loss attributable to the company was $6,879,000 or $0.21 basic and diluted per share against $15,634,000 or $0.48 basic and diluted per share a year ago. Net cash provided by operating activities was $1,243,000 against $867,000 a year ago. Additions to property and equipment were $5,556,000 against $8,325,000 a year ago. Cash paid for intangible assets was $200,000. Adjusted EBITDA was $7,903,000 compared to $6,000,000 in fiscal year 2013 or a 31.7% improvement. EBITDA was $3,498,000 against negative EBITDA of $2,063,000 a year ago. CapEx for the year came in $6 million. Revolver debt, net of cash and securities, improved to net debt of $3.3 million compared to last quarter's net debt of $9.7 million. The company anticipates that it will generate about a $2.75 million loss in 2015 with $1.75 million in EBITDA and $1 million in CapEx. For the purpose of consolidations to U.S. Auto Parts financials for 2015, they expects the annual – they expects an annual $1.15 million noncash impact to EBITDA or about $300,000 per quarter and about an annual $640,000 of noncash charge in CapEx or about $160,000 per quarter in CapEx.

U.S. Auto Parts Network, Inc. Presents at 27th Annual ROTH Conference, Mar-10-2015 04:30 PM

U.S. Auto Parts Network, Inc. Presents at 27th Annual ROTH Conference, Mar-10-2015 04:30 PM. Venue: The Ritz Carlton, 1 Ritz Carlton Dr, Dana Point, CA 92629, United States.

U.S. Auto Parts Network, Inc. to Report Q4, 2014 Results on Mar 09, 2015

U.S. Auto Parts Network, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 09, 2015

U.S. Auto Parts Network, Inc., Q4 2014 Earnings Call, Mar 09, 2015

U.S. Auto Parts Network, Inc., Q4 2014 Earnings Call, Mar 09, 2015

 

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