U.S. Auto Parts Reports Fourth Quarter and Full Year 2015 Results

- Continued Emphasis on Private Label Business Drives Q4 Gross Margin up 290 Basis Points to 29.6% and Adjusted EBITDA up 89% to $2.6 million

08 Mar, 2016, 16:01 ET from U.S. Auto Parts Network, Inc.

CARSON, Calif., March 8, 2016 /PRNewswire/ -- U.S. Auto Parts Network, Inc. (NASDAQ: PRTS), one of the largest online providers of aftermarket automotive parts and accessories, reported results for the fourth quarter and fiscal year ended January 2, 2016. The fourth quarter included 13 weeks versus 14 weeks in the fourth quarter ended January 3, 2015. The fiscal year included 52 weeks versus 53 weeks in the fiscal year ended January 3, 2015.  All information and data below excludes AutoMD unless specifically noted, and except for comparable sales, includes the extra week in 2014.

Fourth Quarter 2015 Financial Highlights vs. Year-Ago Quarter

  • Net sales down 4% and comp sales (a non-GAAP measure defined below) up 2% to $67.5 million
  • Gross margin up 290 basis points to 29.6%
  • Adjusted EBITDA (a non-GAAP measure defined below) up 89% to $2.6 million (up 107% excluding extra week in 2014)

Fourth Quarter 2015 Operational Highlights

  • Added 1,860 new private label SKUs
  • Conversion rate increased by 10 basis points to 1.8% versus year-ago quarter
  • Private label comparable net sales (a non-GAAP measure defined below) increased by 11%

Management Commentary

"Q4 marked the eighth consecutive quarter of double-digit year-over-year comp sales growth in our private label business" said Shane Evangelist, CEO of U.S. Auto Parts. "Our continued emphasis on private label, as well as our focus on cost and pricing efficiencies, drove a 89% increase in adjusted EBITDA to $2.6 million.  We expect to continue shifting the revenue mix to our higher-margin private label business and leverage our cost infrastructure to expand margins and accelerate bottom-line growth in 2016."

Fourth Quarter 2015 Financial Results

Net sales in the fourth quarter of 2015 decreased 4% to $67.5 million compared to $70.5 million in the year-ago quarter.  Comparable net sales, which exclude an extra week in the fourth quarter of 2014, as well as sales related to the company's discontinued west coast wholesale operations, increased 2%. The comparable sales increase was largely driven by a 1.6% increase in online marketplace sales to $15.8 million, and an 11% increase in private label sales, partially offset by expected declines in the company's lower-margin branded business.

Gross profit in the fourth quarter of 2015 increased 6% to $20.0 million compared to $18.8 million in the year-ago quarter (up 12% excluding the extra week in 2014). As a percentage of net sales, gross profit increased 290 basis points to 29.6% compared to 26.7%. The increase in gross profit margin was primarily driven by a higher mix of private label sales, which were 63% of net sales compared to 58% in the year-ago quarter. The increase was also driven by strategic pricing initiatives and freight efficiencies.

Total operating expenses in the fourth quarter decreased 4% to $19.7 million compared to $20.5 million in the year-ago quarter (up less than 1% excluding the extra week in 2014). As a percentage of net sales, operating expenses increased slightly to 29.2% compared to 29.1% in the year-ago quarter.

Adjusted EBITDA in the fourth quarter of 2015 increased 89% to $2.6 million compared to $1.4 million in the year-ago quarter (up 107% excluding extra week in 2014). As a percentage of net sales, adjusted EBITDA increased 190 basis points to 3.9% compared to 2.0%. The significant increase was driven by the aforementioned improvements in gross margin and operating efficiencies.

Net loss in the fourth quarter was $0.1 million, compared to a net loss of $2.0 million in the year-ago quarter.

At January 2, 2016, cash and cash equivalents totaled $1.5 million compared to $0.8 million at January 3, 2015. Total debt was $11.8 million compared to $11.0 million at January 3, 2015.

Key Operating Metrics

Q4 2015

Q4 2014

Q3 2015

Conversion Rate 1

1.78%

1.67%

1.75%

Customer Acquisition Cost 1

$

7.95

$

7.46

$

7.65

Marketing Spend (% Online Sales) 1

7.7%

7.2%

7.8%

Unique Visitors (millions) 1

27.6

29.3

29.3

Number of Orders - E-commerce only (thousands)

492

490

511

Number of Orders - Online Marketplace (thousands)

246

251

244

Total Number of Internet Orders (thousands)

738

741

755

Revenue Capture (% Sales) 2

85.8%

85.6%

85.3%

Average Order Value - E-commerce only

$

106

$

112

$

109

Average Order Value - Online Marketplace

$

71

$

68

$

70

Average Order Value - Total Internet Orders

$

94

$

97

$

96

1.

Excludes online marketplaces and media properties (e.g. AutoMD).

2.

Revenue capture is the amount of actual dollars retained after taking into consideration returns, credit card declines and product fulfillment and  excludes online marketplaces and media properties (e.g. AutoMD).

 

Full Year Financial Results

Net sales in 2015 increased 3% to $290.8 million compared to $283.2 million in 2014.  Comparable net sales increased 6% compared to the prior year.

Gross profit in 2015 increased 6% to $83.2 million compared to $78.2 million in 2014. As a percentage of net sales, gross profit increased 100 basis points to 28.6% compared to 27.6%.

Total operating expenses in 2015 increased to $82.0 million compared to $81.9 million in 2014. As a percentage of net sales, operating expenses decreased 70 basis points to 28.2% compared to 28.9%.

Adjusted EBITDA in 2015 increased 20% to $10.0 million compared to $8.4 million in 2014. As a percentage of net sales, adjusted EBITDA increased 40 basis points to 3.4% compared to 3.0%.

Net loss in 2015 was $0.1 million, compared to a net loss of $4.9 million in 2014.

2016 Outlook

U.S. Auto Parts expects net sales to be up low to mid-single digits on a percentage basis compared to 2015, and Adjusted EBITDA to range between $11.5 and $14.0 million, a 15% to 40% increase from the prior year. The company also continues to expect gross margin expansion and double-digit private label sales growth in 2016.

Conference Call

U.S. Auto Parts will conduct a conference call today at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended January 2, 2016.

The company's CEO Shane Evangelist and CFO Neil Watanabe will host the conference call, followed by a question and answer period.

Date: Tuesday, March 8, 2016 Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time) Toll-free dial-in number: 877-407-9039 International dial-in number: 201-689-8470 Conference ID: 13630392

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860.

The conference call will be broadcast live and available for replay via the investor relations section of the company's website at www.usautoparts.net.

A telephone replay of the conference call will also be available on the same day through March 22, 2016.

Toll-free replay number: 877-870-5176 International replay number: 858-384-5517 Replay ID: 13630392

About U.S. Auto Parts Network, Inc.

Established in 1995, U.S. Auto Parts is a leading online provider of automotive aftermarket parts, including body parts, engine parts, performance parts and accessories. Through the Company's network of websites, U.S. Auto Parts provides individual consumers with a broad selection of competitively priced products that are mapped by a proprietary product database to product applications based on vehicle makes, models and years. U.S. Auto Parts' flagship websites include www.autopartswarehouse.com, www.jcwhitney.com, and www.AutoMD.com as well as the Company's corporate website at www.usautoparts.net. U.S. Auto Parts is headquartered in Carson, California.

Non-GAAP Financial Measures

Regulation G, "Conditions for Use of Non-GAAP Financial Measures," and other provisions of the Securities Exchange Act of 1934, as amended, define and prescribe the conditions for use of certain non-GAAP financial information. We provide "Adjusted EBITDA," and "Comparable net sales" which are non-GAAP financial measures. Adjusted EBITDA consists of net income before (a) interest expense, net; (b) income tax provision; (c) depreciation and amortization expense; (d) amortization of intangible assets; (e) share-based compensation expense; and (f) restructuring costs.  Comparable net sales, which includes private label comparable net sales, consists of overall net sales excluding the fourteenth week in the fourth quarter of 2014 as well as the West Coast Wholesale operations from last year's sales number, due to its closure as part of the consolidation and elimination of our Carson, California, Distribution Center.  Wholesale sales are included in the Company's offline sales. Management defines comparable net sales as a comparison of the Company's net sales in the current period to those in prior periods with the same operating facilities.

The Company believes that these non-GAAP financial measures provide important supplemental information to management and investors. These non-GAAP financial measures reflect an additional way of viewing aspects of the Company's operations that, when viewed with the GAAP results and the accompanying reconciliation to corresponding GAAP financial measures, provides a more complete understanding of factors and trends affecting the Company's business and results of operations.

Management uses Adjusted EBITDA as one measure of the Company's operating performance because it assists in comparing the Company's operating performance on a consistent basis by removing the impact of stock compensation expense, as well as items that are not expected to be recurring. Internally, this non-GAAP measure is also used by management for planning purposes, including the preparation of internal budgets; for allocating resources to enhance financial performance; and for evaluating the effectiveness of operational strategies. The Company also believes that analysts and investors use Adjusted EBITDA as a supplemental measure to evaluate the ongoing operations of companies in our industry. Management uses comparable net sales as a means of comparing the Company's net sales in the current period to those in prior periods with the same operating facilities.

These non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review the Company's consolidated financial statements in their entirety and to not rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. In addition, the Company expects to continue to incur expenses similar to the non-GAAP adjustments described above, and exclusion of these items from the Company's non-GAAP measures should not be construed as an inference that these costs are unusual, infrequent or non-recurring.

Comparable net sales was calculated by excluding $3.64 million in sales related to the final week of the quarter and full year ended January 3, 2015, as well as $0.46 million and $4.35 million in sales related to the West Coast Wholesale operations from the quarter and full year ended January 3, 2015, respectively. Comparable net sales included private label comparable net sales which was calculated by excluding $2.0 million in private label sales related to the final week of the quarter and full year ended January 3, 2015, as well as the aforementioned sales related to the West Coast Wholesale operations from the quarter and full year ended January 3, 2015.

Safe Harbor Statement

This press release contains statements which are based on management's current expectations, estimates and projections about the Company's business and its industry, as well as certain assumptions made by the Company. These statements are forward looking statements for the purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended and Section 27A of the Securities Act of 1933, as amended. Words such as "anticipates," "could," "expects," "intends," "plans," "potential," "believes," "predicts," "projects," "seeks," "estimates," "may," "will," "would," "will likely continue" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, the Company's expectations regarding its future operating results and financial condition, impact of changes in our key operating metrics, our potential growth and our liquidity requirements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, competitive pressures, our dependence on search engines to attract customers, demand for the Company's products, the online market for aftermarket auto parts, the economy in general, increases in commodity and component pricing that would increase the Company's product costs, the operating restrictions in our credit agreement, the weather, and and any other factors discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the Risk Factors contained in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.usautoparts.net and the SEC's website at www.sec.gov You are urged to consider these factors carefully in evaluating the forward-looking statements in this release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. Unless otherwise required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.

Company Contacts: Neil T. Watanabe, Chief Financial Officer U.S. Auto Parts Network, Inc. (424) 702-1455 x421 nwatanabe@usautoparts.com

Investor Relations: Cody Slach or Sean Mansouri Liolios 949-574-3860 PRTS@liolios.com

Summarized segment information for our continuing operations from the two reportable segments for the periods presented is as follows (in millions):

Thirteen Weeks Ended January 2, 2016

Fourteen Weeks Ended January 3, 2015

Base USAP

AMD

Consol

Base USAP

AMD

Consol

Net sales

$

67.52

$

0.07

$

67.59

$

70.49

$

0.07

$

70.57

Gross profit

$

19.98

$

0.07

$

20.05

$

18.84

$

0.07

$

18.92

29.6%

100.0%

29.7%

26.7%

100.0%

26.8%

Operating expenses

$

19.72

$

1.03

$

20.75

$

20.49

$

0.68

$

21.17

29.2%

—%

30.7%

29.1%

—%

30.0%

Income (loss) from operations

$

0.26

$

(0.96)

$

(0.71)

$

(1.65)

$

(0.60)

$

(2.25)

0.4%

—%

(1.1)%

(2.3)%

—%

(3.2)%

Net income (loss)

$

(0.07)

$

(0.73)

$

(0.80)

$

(2.01)

$

(0.60)

$

(2.61)

(0.1)%

—%

(1.2)%

(2.9)%

—%

(3.7)%

Adjusted EBITDA

$

2.60

$

(0.60)

$

2.00

$

1.37

$

(0.19)

$

1.18

3.9%

—%

3.0%

2.0%

—%

1.7%

Fifty-two Weeks Ended January 2, 2016

Fifty-three Weeks Ended January 3, 2015

Base USAP

AMD

Consol

Base USAP

AMD

Consol

Net sales

$

290.83

$

0.26

$

291.09

$

283.21

$

0.30

$

283.51

Gross profit

$

83.18

$

0.26

$

83.43

$

78.15

$

0.30

$

78.45

28.6%

100.0%

28.7%

27.6%

100.0%

27.7%

Operating expenses

$

82.04

$

3.45

$

85.49

$

81.89

$

2.48

$

84.36

28.2%

—%

29.4%

28.9%

—%

29.8%

Income (loss) from operations

$

1.13

$

(3.19)

$

(2.06)

$

(3.73)

$

(2.18)

$

(5.91)

0.4%

—%

(0.7)%

(1.3)%

—%

(2.1)%

Net income (loss)

$

(0.14)

$

(2.29)

$

(2.42)

$

(4.91)

$

(2.18)

$

(7.09)

—%

—%

(0.8)%

(1.7)%

—%

(2.5)%

Adjusted EBITDA

$

10.03

$

(1.66)

$

8.37

$

8.38

$

(0.48)

$

7.90

3.4%

—%

2.9%

3.0%

—%

2.8%

 

The tables below reconciles net loss to Adjusted EBITDA for the periods presented (in thousands):

Thirteen Weeks Ended

Fourteen Weeks Ended

January 2, 2016

January 3, 2015

Base USAP

AMD

Consolidated

Base USAP

AMD

Consolidated

Net loss

$

(65)

$

(733)

$

(798)

$

(2,010)

$

(603)

$

(2,613)

Depreciation & amortization

1,570

322

1,892

1,676

414

2,090

Amortization of intangible assets

110

9

119

106

106

Interest expense, net

300

300

327

327

Taxes

21

(230)

(209)

69

1

70

EBITDA

$

1,936

$

(632)

$

1,304

$

168

$

(188)

$

(20)

Stock comp expense

$

659

$

34

$

693

$

685

$

(5)

$

680

Inventory write-down related to Carson closure

102

102

Restructuring costs

419

419

Adjusted EBITDA

$

2,595

$

(598)

$

1,997

$

1,374

$

(193)

$

1,181

Year

Ended  

January 2, 2016

January 3, 2015

Base USAP

AMD

Consolidated

Base USAP

AMD

Consolidated

Net loss

$

(136)

$

(2,288)

$

(2,424)

$

(4,907)

$

(2,179)

$

(7,086)

Depreciation & amortization

6,141

1,369

7,510

7,230

1,693

8,923

Amortization of intangible assets

431

33

464

422

422

Interest expense, net

1,208

1,208

1,101

1,101

Taxes

88

(899)

(811)

137

1

138

EBITDA

$

7,732

$

(1,785)

$

5,947

$

3,983

$

(485)

$

3,498

Stock comp expense

$

2,297

$

122

$

2,419

$

2,367

$

4

$

2,371

Inventory write-down related to Carson closure

897

897

Restructuring costs

1,137

1,137

Adjusted EBITDA

$

10,029

$

(1,663)

$

8,366

$

8,384

$

(481)

$

7,903

 

The tables below reconcile the high and low ends of our projected range of net loss to projected Adjusted EBITDA for the periods presented (in thousands):

High End

Year Ended December 31, 2016

Base USAP

AMD

Consolidated

Net income (loss)

$

3,603

$

(3,448)

$

155

Depreciation & amortization

5,682

1,299

$

6,981

Amortization of intangible assets

428

32

$

460

Interest expense, net

1,030

$

1,030

Taxes

232

$

232

EBITDA

$

10,975

$

(2,117)

$

8,858

Stock comp expense

$

3,081

$

118

$

3,199

Adjusted EBITDA

$

14,056

$

(1,999)

$

12,057

Low End

Year Ended December 31, 2016

Base USAP

AMD

Consolidated

Net income (loss)

$

1,127

$

(3,448)

$

(2,321)

Depreciation & amortization

5,682

1,299

$

6,981

Amortization of intangible assets

428

32

$

460

Interest expense, net

1,030

$

1,030

Taxes

232

$

232

EBITDA

$

8,499

$

(2,117)

$

6,382

Stock comp expense

$

3,081

$

118

$

3,199

Adjusted EBITDA

$

11,580

$

(1,999)

$

9,581

 

U.S. AUTO PARTS NETWORK, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE OPERATIONS (Unaudited, in Thousands, Except Per Share Data)

Thirteen Weeks

Ended

Fourteen Weeks

Ended

 

Year Ended

January 2, 2016

January 3, 2015

January 2, 2016

January 3, 2015

Net sales

$

67,593

$

70,568

$

291,091

$

283,508

Cost of sales (1)

47,547

51,653

207,657

205,058

Gross profit

20,046

18,915

83,434

78,450

Operating expenses:

Marketing

10,595

10,652

43,279

42,008

General and administrative

3,552

4,169

16,509

16,701

Fulfillment

5,318

5,017

20,237

20,368

Technology

1,170

1,223

5,000

4,863

Amortization of intangible assets

119

106

464

422

Total operating expenses

20,754

21,167

85,489

84,362

Loss from operations

(708)

(2,252)

(2,055)

(5,912)

Other income (expense):

Other income, net

(5)

26

36

65

Interest expense

(294)

(317)

(1,216)

(1,101)

Total other expense, net

(299)

(291)

(1,180)

(1,036)

Loss before income taxes

(1,007)

(2,543)

(3,235)

(6,948)

Income tax (benefit) provision

(209)

70

(811)

138

Net loss including noncontrolling interests

(798)

(2,613)

(2,424)

(7,086)

Net loss attributable to noncontrolling interests

(344)

(207)

(1,143)

(207)

Net income (loss) attributable to U.S. Auto Parts

(454)

(2,406)

(1,281)

(6,879)

Other comprehensive loss attributable to U.S. Auto Parts, net of tax:

Foreign currency translation adjustments

86

36

20

Actuarial loss on defined benefit plan

44

(106)

44

(106)

Total other comprehensive loss attributable to U.S. Auto Parts

130

(106)

80

(86)

Comprehensive loss attributable to U.S. Auto Parts

$

(324)

$

(2,512)

$

(1,201)

$

(6,965)

Basic and diluted net loss per share

$

(0.01)

$

(0.07)

$

(0.04)

$

(0.21)

Shares used in the computation of basic and diluted earnings per share

34,084

33,573

33,946

33,489

(1)

 Excludes depreciation and amortization expense which is included in marketing, general and administrative and fulfillment expense.

 

U.S. AUTO PARTS NETWORK, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (Unaudited, In Thousands, Except Par and Liquidation Value)

January 2, 2016

January 3, 2015

ASSETS

Current assets:

Cash and cash equivalents

$

5,537

$

7,653

Short-term investments

65

62

Accounts receivable, net of allowances of $17 and $41 at January 2, 2016 and January 3, 2015, respectively

3,236

3,804

Inventory

51,216

48,362

Other current assets

2,369

2,669

Total current assets

62,423

62,550

Property and equipment, net

18,431

16,966

Intangible assets, net

1,476

1,707

Other non-current assets

1,320

1,684

Total assets

$

83,650

$

82,907

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

25,523

$

25,362

Accrued expenses

7,267

7,747

Revolving loan payable

11,759

11,022

Current portion of capital leases payable

521

269

Other current liabilities

3,748

3,505

Total current liabilities

48,818

47,905

Capital leases payable, net of current portion

10,168

9,270

Deferred income taxes

944

1,618

Other non-current liabilities

1,577

1,891

Total liabilities

61,507

60,684

Commitments and contingencies

Stockholders' equity:

Series A convertible preferred stock, $0.001 par value; $1.45 per share liquidation value or aggregate of $6,017; 4,150 shares authorized; 4,150 and 4,150 shares issued and outstanding at January 2, 2016 and January 3, 2015, respectively

4

4

Common stock, $0.001 par value; 100,000 shares authorized; 34,137 and 33,624 shares issued and outstanding at January 2, 2016 and January 3, 2015, respectively

34

33

Additional paid-in capital

176,873

174,369

Accumulated other comprehensive income

440

360

Accumulated deficit

(157,011)

(155,489)

Total stockholders' equity

20,340

19,277

Noncontrolling interest

1,803

2,946

Total equity

22,143

22,223

Total liabilities and stockholders' equity

$

83,650

$

82,907

 

U.S. AUTO PARTS NETWORK, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, In Thousands)

Year Ended

January 2,

2016

January 3,

2015

Operating activities

Net loss including noncontrolling interests

$

(2,424)

$

(7,086)

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:

Depreciation and amortization expense

7,510

8,923

Amortization of intangible assets

464

422

Deferred income taxes

(906)

74

Share-based compensation expense

2,419

2,371

Stock awards issued for non-employee director service

2

Amortization of deferred financing costs

82

81

Loss (gain) from disposition of assets

(13)

(96)

Changes in operating assets and liabilities:

Accounts receivable

568

1,105

Inventory

(2,854)

(11,412)

Other current assets

262

471

Other non-current assets

225

(39)

Accounts payable and accrued expenses

119

6,992

Other current liabilities

475

(302)

Other non-current liabilities

(184)

(261)

Net cash provided by (used in) operating activities

5,745

1,243

Investing activities

Additions to property and equipment

(7,780)

(5,556)

Proceeds from sale of property and equipment

13

27

Cash paid for intangibles

(25)

(200)

Proceeds from sale of marketable securities and investments

745

Purchases of marketable securities and investments

(746)

Net cash used in investing activities

(7,792)

(5,730)

Financing activities

Proceeds from revolving loan payable

15,637

19,506

Payments made on revolving loan payable

(14,900)

(15,258)

Proceeds from sale of equity in subsidiary

7,000

Payments on capital leases

$

(438)

$

(232)

Statutory tax withholding payment for share-based compensation

(438)

Proceeds from exercise of stock options

$

134

$

295

Payment of liabilities related to financing activities

$

(100)

$

Net cash provided by (used in) financing activities

(105)

11,311

Effect of exchange rate changes on cash

36

11

Net change in cash and cash equivalents

(2,116)

6,835

Cash and cash equivalents, beginning of period

$

7,653

$

818

Cash and cash equivalents, end of period

5,537

7,653

Supplemental disclosure of non-cash investing and financing activities:

Accrued asset purchases

$

708

$

1,232

Accrued intangible asset purchases

$

125

$

Property acquired under capital lease

$

1,588

$

Unrealized gain on investments

$

$

Supplemental disclosure of cash flow information:

Cash paid during the period for income taxes

$

104

$

60

Cash paid during the period for interest

$

1,145

$

1,029

 

SOURCE U.S. Auto Parts Network, Inc.



RELATED LINKS

http://www.usautoparts.net