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U.S. Auto Parts Network fiscal Q1 profit climbs YOY

U.S. Auto Parts Network Inc. said its normalized net income for the fiscal first quarter ended April 2 came to $787,630, a gain from $26,000 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 1.2% from 0.0% in the year-earlier period.

Total revenue increased 5.8% on an annual basis to $80.8 million from $76.4 million, and total operating expenses increased on an annual basis to $79.6 million from $76.4 million.

Reported net income came to $1.2 million, or 3 cents per share, compared to a loss of $120,000, or a loss of 0 cents per share, in the year-earlier period.