secwatch.observer — SEC 8-K summary
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Issuer:     MOTORCAR PARTS OF AMERICA INC (MPAA)
CIK:        0000918251
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001140361-22-040606
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorcar Parts of America Reports Q2 Fiscal 2023 Net Sales of $172.5M, Net Loss of $6.5M
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- Net sales for Q2 fiscal 2023 were $172.5 million, a 6.6% increase from $161.8 million in prior year (excluding $13.7M core revenue).
- Net loss was $6.5 million ($0.34 per share) compared to net income of $3.7 million ($0.19 per share) in prior year.
- Results impacted by customer order delays and supply chain disruptions for heavy-duty and diagnostics products.
- Reaffirmed fiscal 2023 guidance: net sales between $680 million and $700 million, operating income between $57M and $61M.
- Gross profit was $26.5 million (15.4% of sales) vs $36.0 million (20.5%) a year ago, affected by non-cash items and transitory supply chain costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918251/000114036122040606/0001140361-22-040606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918251/000114036122040606/brhc10043804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-040606

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