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U.S. Auto Parts Network fiscal Q4 loss narrows YOY

U.S. Auto Parts Network Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 2 was a loss of $293,500, compared with a loss of $939,880 in the year-earlier period.

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

The normalized profit margin rose to negative 0.4% from negative 1.3% in the year-earlier period.

Total revenue decreased year over year to $67.6 million from $70.6 million, and total operating expenses declined 5.2% year over year to $68.3 million from $72.0 million.

Reported net income totaled a loss of $505,000, or a loss of 2 cents per share, compared to a loss of $2.4 million, or a loss of 7 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 3 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 6 cents.

EPS was a loss of 9 cents in the prior year.

Normalized net income was a loss of $887,000, compared with a loss of $3.0 million in the prior year.

Full-year total revenue increased year over year to $291.1 million from $283.5 million, and total operating expenses rose year over year to $293.1 million from $287.5 million.

The company said reported net income came to a loss of $1.5 million, or a loss of 4 cents per share, in the full year, compared with a loss of $7.0 million, or a loss of 21 cents per share, the prior year.