secwatch.observer — SEC 8-K summary
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Issuer:     MOTORCAR PARTS OF AMERICA INC (MPAA)
CIK:        0000918251
Form:       8-K
Filed at:   2021-08-09T23:59:59+00:00
Accession:  0001140361-21-027437
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorcar Parts of America Q1 sales $149M (+56% YoY); net income $861k vs loss
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- Record first quarter sales of $149.0M, up 56.3% from $95.4M YoY; net income $861k ($0.04 diluted EPS) vs net loss $3.0M ($0.16).
- Gross profit $23.6M (15.8% margin) vs $13.4M (14.0%); impacted by $5.3M pre-tax COVID-19 and supply chain costs.
- Net cash used in operations $4.7M; net debt $97.6M vs $88.9M at March 31, reflecting working capital for sales growth.
- CEO highlights brake caliper program success, D&V subsidiary momentum in EV market, and strong demand for aftermarket parts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918251/000114036121027437/0001140361-21-027437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918251/000114036121027437/brhc10027652_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-027437

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer