CarParts.com Q1 sales record $166.1M (+15%), net income $2.1M vs loss, adj EBITDA record $9.4M

CarParts.com, Inc.

2022-Q1 EPS reported $0.04 revenue$166,053,000

Net sales $166.1M, up 15% YoY; two-year stack growth 80%.
Gross profit $61.2M (+24%); gross margin expanded 280 bps to 36.8%.
Net income $2.1M ($0.04/diluted share) vs net loss ($2.7M) ($0.06/share) year ago.
Adjusted EBITDA record $9.4M, up from $3.6M in Q1 2021.
Cash $25.0M; $5.0M revolver debt used to fund inventory for DC expansions.

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