MOTORCAR PARTS OF AMERICA INC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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 · Six Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $208,186,000 | $196,639,000 | $378,073,000 | $356,344,000 |
| Cost of goods sold | 166,909,000 | 155,491,000 | 307,622,000 | 288,629,000 |
| Gross profit | 41,277,000 | 41,148,000 | 70,451,000 | 67,715,000 |
| Operating expenses: | ||||
| General and administrative | 15,052,000 | 14,325,000 | 31,722,000 | 26,927,000 |
| Sales and marketing | 5,834,000 | 5,688,000 | 11,283,000 | 11,107,000 |
| Research and development | 2,443,000 | 2,438,000 | 4,876,000 | 4,813,000 |
| Foreign exchange impact of lease liabilities and forward contracts | 5,428,000 | 4,760,000 | 16,506,000 | 490,000 |
| Total operating expenses | 28,757,000 | 27,211,000 | 64,387,000 | 43,337,000 |
| Operating income | 12,520,000 | 13,937,000 | 6,064,000 | 24,378,000 |
| Other expenses: | ||||
| Interest expense, net | 14,182,000 | 15,383,000 | 28,569,000 | 27,103,000 |
| Change in fair value of compound net derivative liability | 380,000 | 390,000 | (2,200,000) | 530,000 |
| Loss on extinguishment of debt | - | 168,000 | - | 168,000 |
| Total other expenses | 14,562,000 | 15,941,000 | 26,369,000 | 27,801,000 |
| Loss before income tax expense (benefit) | (2,042,000) | (2,004,000) | (20,305,000) | (3,423,000) |
| Income tax expense (benefit) | 912,000 | (46,000) | 734,000 | (55,000) |
| Net loss | $(2,954,000) | $(1,958,000) | $(21,039,000) | $(3,368,000) |
| Basic net loss per share | $(0.15) | $(0.10) | $(1.07) | $(0.17) |
| Diluted net loss per share | $(0.15) | $(0.10) | $(1.07) | $(0.17) |
| Weighted average number of shares outstanding: | ||||
| Basic | 19,760,028 | 19,599,162 | 19,717,517 | 19,554,142 |
| Diluted | 19,760,028 | 19,599,162 | 19,717,517 | 19,554,142 |
Condensed ConsolidatedStatements of
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