Parts ID Inc (ID) said after close Monday that it lost $0.2 per share in quarter four 2022.
On the revenue line, the company reported $61.6 million, missing estimates by $18.4 million.
In the same quarter a year ago, the company lost $0.14 per share on revenue of $106.6 million.
The stock is up 75.92% to $0.40 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 11.
PARTS iD Inc is a technology-driven, digital commerce company focused on online retailer of automotive parts, components, and accessories. The product portfolio includes interior products, exterior products, wheels, body parts, audio & electronics, automotive tools, and other related products.
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Parts ID Inc Up 75.92% To $0.40 After Earnings Miss
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