Revenue Update on Fenix Parts Inc(NASDAQ:FENX)

Fenix Parts Inc(NASDAQ:FENX) announced the earnings results for Fiscal Year 2015 and Q4. The results came in during After-hours on Apr 14, 2016. Company reported revenue of $30.20M. Analysts estimated a revenue of $29.85M. Earnings per share were $-0.76. Analysts had estimated an EPS of $-0.01.

Fenix Parts Inc (FENX) shares turned negative on Mondays trading session with the shares closing down -0.05 points or -1.01% at a volume of 36,471. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.07. The peak price level was also seen at $5.07 while the days lowest was $4.77. Finally the shares closed at $4.91. The 52-week high of the shares is $11.92 while the 52-week low is $4.33. According to the latest information available, the market cap of the company is $98 M.

Several Insider Transactions has been reported to the SEC. On Jan 6, 2016, Kent Robertson (CEO) purchased 7,000 shares at $6.87 per share price.Also, On Dec 16, 2015, Scott P Pettit (CFO) purchased 6,000 shares at $6.00 per share price.On Sep 24, 2015, David A Gold (Executive Vice President) purchased 10,000 shares at $8.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Fenix Parts Inc. is a recycler and reseller of original equipment manufacturer (OEM) automotive products. The Company’s business is auto recycling which is the recovery and resale of OEM parts components and systems reclaimed from damaged totaled or low value vehicles. The Company’s customers include collision repair shops (body shops) mechanical repair shops auto dealerships and individual retail customers. The Company operates a hub and spoke distribution network which allows moving products among its locations and expediting delivery to its customers. The Company’s recycled OEM products include mechanical parts used to repair or replace worn or damaged components such as engines and transmissions and collision repair parts used to repair vehicles involved in a collision such as door assemblies trunk lids lights fenders and other products. The Company has approximately 14 recycling facilities concentrated in the Northeastern United States and Southeastern Canada.

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