FENIX PARTS, INC. (NASDAQ:FENX) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operations and Financial Condition
On August 15, 2017, Fenix Parts, Inc. (the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2016 and issued a press release reporting, among other things, its fourth quarter 2016 results. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
The information set forth in this Item 2.02 and Exhibit 99.1 (to the extent that Exhibit 99.1 relates to the Results of Operations and Financial Condition) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01Financial Statements and Exhibits
(d)Exhibits
|
Exhibit Number |
Description |
|
99.1 |
Press release dated August 15, 2017. |
Fenix Parts, Inc. ExhibitEX-99.1 2 pressrelease8042017.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1At Fenix Parts:Scott PettitChief Financial Officerscottpettit@fenixparts.comInvestor and Media Inquiries:Chris Kettmann773-497-7575ckettmann@lincolnchurchilladvisors.comFenix Parts Files 2016 Form 10-KFourth Quarter 2016 Highlights•Net revenues increased sequentially by 2% to $33.2 million,…To view the full exhibit click here
About FENIX PARTS, INC. (NASDAQ:FENX)
Fenix Parts, Inc. is engaged in auto recycling business. The Company recovers and resells original equipment manufacturer (OEM) parts, components and systems, such as engines, transmissions, radiators, trunks, lamps and seats reclaimed from damaged, totaled or low value vehicles. The Company operates through Automobile Recycling segment. The Company purchases its vehicles primarily at auto salvage auctions. Upon receipt of vehicles, the Company inventories and then dismantles the vehicles and sells the recycled components. Its customers include collision repair shops (body shops), mechanical repair shops, auto dealerships and individual retail customers. The Company also generates a portion of its revenue from the sale as scrap of the unusable parts and materials, from the sale of used cars and motorcycles, the sale of aftermarket parts, and from the sale of extended warranty contracts.