CarParts.com Reports Record Fourth Quarter and Full Year 2022 Results
TORRANCE, Calif., March 7, 2023 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, and a one-stop shop for vehicle repair and maintenance needs, is reporting results for the fourth quarter and fiscal year ended December 31, 2022.
- Fourth Quarter 2022 Summary vs. Year-Ago Quarter
Net sales increased 12% year over year to $154.5 million and increased 27% on a two-year stack. - Net sales in the fourth quarter of 2022 were $154.5 million, up 12% from the year-ago quarter.
- Net loss in the fourth quarter was ($6.2) million compared to a net loss of ($5.0) million in the year-ago quarter, both predominantly driven by non-cash charges.
- Adjusted EBITDA in the fourth quarter was $2.1 million compared to $2.6 million in the year-ago quarter.