secwatch.observer — SEC 8-K summary
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Issuer:     MOTORCAR PARTS OF AMERICA INC (MPAA)
CIK:        0000918251
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001140361-22-028825
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MPAA Q1 sales record $164M; net loss of $175K vs prior-year profit
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- Net sales rose 10% YoY to a fiscal Q1 record of $164.0M; gross profit up 28.6% to $30.3M.
- Net loss of $175,000 ($0.01 loss per share) vs net income of $861,000 ($0.04 diluted) a year ago.
- Gross margin improved to 18.5% from 15.8%; impacted 2.2% by non-cash items and 1.6% by supply-chain costs.
- EBITDA was $10.5M; results included $4.2M of non-cash items and $2.8M of transitory supply-chain costs.
- Company expects margin expansion from price increases and higher brake-product volumes in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918251/000114036122028825/0001140361-22-028825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918251/000114036122028825/brhc10040454_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-028825

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