MOTORCAR PARTS OF AMERICA INC

For the period ended Mar 31, 2024. Filed Jun 11, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Jun 11, 2024

MPAA$7.72-26.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

Statements ofOperations

	Years Ended March 31,
	2024	2023	2022
Net sales	$717,684,000	$683,074,000	$650,308,000
Cost of goods sold	585,133,000	569,112,000	532,443,000
Gross profit	132,551,000	113,962,000	117,865,000
Operating expenses:
General and administrative	57,769,000	54,756,000	57,499,000
Sales and marketing	22,481,000	21,729,000	22,833,000
Research and development	9,995,000	10,322,000	10,502,000
Foreign exchange impact of lease liabilities and forward contracts	(3,814,000)	(9,291,000)	(1,673,000)
Total operating expenses	86,431,000	77,516,000	89,161,000
Operating income	46,120,000	36,446,000	28,704,000
Other expenses:
Interest expense, net	60,040,000	39,555,000	15,555,000
Change in fair value of compound net derivative liability	(1,020,000)	-	-
Loss on extinguishment of debt	168,000	-	-
Total other expenses	59,188,000	39,555,000	15,555,000
(Loss) income before income tax expense	(13,068,000)	(3,109,000)	13,149,000
Income tax expense	36,176,000	1,098,000	5,788,000
Net (loss) income	$(49,244,000)	$(4,207,000)	$7,361,000
Basic net (loss) income per share	$(2.51)	$(0.22)	$0.38
Diluted net (loss) income per share	$(2.51)	$(0.22)	$0.38
Weighted average number of shares outstanding:
Basic	19,601,204	19,340,246	19,119,727
Diluted	19,601,204	19,340,246	19,559,646

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.