MOTORCAR PARTS OF AMERICA INC
For the period ended Dec 31, 2024. Filed Feb 10, 2025.
View on SEC.govAbout this filing
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.
Dec 31, 2024 · Filed Feb 10, 2025
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
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| December 31, | December 31, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $186,176,000 | $171,862,000 | $564,249,000 | $528,206,000 |
| Cost of goods sold | 141,294,000 | 141,819,000 | 448,916,000 | 430,448,000 |
| Gross profit | 44,882,000 | 30,043,000 | 115,333,000 | 97,758,000 |
| Operating expenses: | ||||
| General and administrative | 16,212,000 | 15,198,000 | 47,934,000 | 42,125,000 |
| Sales and marketing | 5,621,000 | 5,931,000 | 16,904,000 | 17,038,000 |
| Research and development | 3,008,000 | 2,539,000 | 7,884,000 | 7,352,000 |
| Foreign exchange impact of lease liabilities and forward contracts | 2,460,000 | (3,149,000) | 18,966,000 | (2,659,000) |
| Total operating expenses | 27,301,000 | 20,519,000 | 91,688,000 | 63,856,000 |
| Operating income | 17,581,000 | 9,524,000 | 23,645,000 | 33,902,000 |
| Other expenses: | ||||
| Interest expense, net | 14,435,000 | 18,297,000 | 43,004,000 | 45,400,000 |
| Change in fair value of compound net derivative liability | (260,000) | 1,160,000 | (2,460,000) | 1,690,000 |
| Loss on extinguishment of debt | - | - | - | 168,000 |
| Total other expenses | 14,175,000 | 19,457,000 | 40,544,000 | 47,258,000 |
| Income (loss) before income tax expense | 3,406,000 | (9,933,000) | (16,899,000) | (13,356,000) |
| Income tax expense | 1,115,000 | 37,281,000 | 1,849,000 | 37,226,000 |
| Net income (loss) | $2,291,000 | $(47,214,000) | $(18,748,000) | $(50,582,000) |
| Basic net income (loss) per share | $0.12 | $(2.40) | $(0.95) | $(2.58) |
| Diluted net income (loss) per share | $0.11 | $(2.40) | $(0.95) | $(2.58) |
| Weighted average number of shares outstanding: | ||||
| Basic | 19,783,170 | 19,634,306 | 19,739,481 | 19,580,960 |
| Diluted | 20,416,958 | 19,634,306 | 19,739,481 | 19,580,960 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.