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May 10 , 2021 iD PARTS ID , Inc. Reports First Quarter 2021 Results First Quarter Revenues Increased 54 % Year - Over - Year to $ 109.1 Million CRANBURY , N.J .-- ( BUSINESS WIRE ) -- PARTS ID , Inc. ( NYSE American : ID ) ( " PARTS ID " or " Company " ) , the owner and operator of , among other verticals , " CARiD.com , " a leading digital commerce platform for the automotive aftermarket , today announced results for the first quarter ended March 31 , 2021 . First Quarter 2021 Financial Summary ( Comparisons versus First Quarter 2020 ) • Net revenue increased 54.2 % to $ 109.1 million as compared to $ 70.7 million . • Gross margin was 20.9 % as compared to 21.4 % . • Operating expenses as a percent of net revenue were 21.7 % as compared to 23.0 % . Ⓒ Operating loss was $ ( 0.8 ) million as compared to $ ( 1.1 ) million . Net loss was $ ( 0.6 ) million as compared to $ ( 0.8 ) million . • Adjusted EBITDA increased 82.5 % to $ 1.2 million compared to $ 0.7 million . Management Commentary " Our strong first quarter performance represents a great start to 2021 , " said Nino Ciappina , Chief Executive Officer of PARTS iD . " The initiatives we've been executing aimed at further broadening the products and services available across our portfolio of websites are helping fuel demand and higher conversion . Within the automotive aftermarket industry , we've made great progress expanding beyond CARiD.com's core accessories business , led by significant gains in Wheels & Tires and repair parts , while also enhancing our Do - It - For - Me offering through the integration of over 2,117 tire installation service centers with our platform . At the same time , we are experiencing exceptional growth in our newer verticals including Motorcycles and Powersports , Boating and Marine , and RV / Campers , as we combine deep product catalogs , rich fitment data , competitive prices and fast delivery to better meet the needs of enthusiasts in these niche markets . Our recent success highlights the growing consumer adoption of our differentiated and seamless one stop shopping experience and I'm confident that we are just beginning to unlock the potential of our technology driven , capital - efficient business model . ”