MOTORCAR PARTS OF AMERICA INC
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
MPAA$7.42-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
Statements of Operations
| Three Months Ended | ||
|---|---|---|
| June 30, | ||
| 2024 | 2023 | |
| Net sales | $169,887,000 | $159,705,000 |
| Cost of goods sold | 140,713,000 | 133,138,000 |
| Gross profit | 29,174,000 | 26,567,000 |
| Operating expenses: | ||
| General and administrative | 16,670,000 | 12,602,000 |
| Sales and marketing | 5,449,000 | 5,419,000 |
| Research and development | 2,433,000 | 2,375,000 |
| Foreign exchange impact of lease liabilities and forward contracts | 11,078,000 | (4,270,000) |
| Total operating expenses | 35,630,000 | 16,126,000 |
| Operating (loss) income | (6,456,000) | 10,441,000 |
| Other expenses: | ||
| Interest expense, net | 14,387,000 | 11,720,000 |
| Change in fair value of compound net derivative liability | (2,580,000) | 140,000 |
| Total other expenses | 11,807,000 | 11,860,000 |
| Loss before income tax benefit | (18,263,000) | (1,419,000) |
| Income tax benefit | (178,000) | (9,000) |
| Net loss | $(18,085,000) | $(1,410,000) |
| Basic net loss per share | $(0.92) | $(0.07) |
| Diluted net loss per share | $(0.92) | $(0.07) |
| Weighted average number of shares outstanding: | ||
| Basic | 19,674,539 | 19,508,626 |
| Diluted | 19,674,539 | 19,508,626 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.