{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-038697","form_type":"8-K","ticker":"MPAA","cik":"0000918251","company_name":"MOTORCAR PARTS OF AMERICA INC","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.023514+00:00","generated_at":"2026-06-12T00:04:43.324689+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Motorcar Parts posts Q1 net loss $1.4M; revenue down 2.6% YoY; reaffirms FY outlook","bullets":["Net loss $1.4M ($0.07/share) vs $175K loss a year ago; interest expense rose $4.8M to $11.7M.","Revenue $159.7M, down 2.6% from $164.0M; gross margin fell to 16.6% from 18.5% due to product mix and inflation.","Full-year outlook reaffirmed; expects strong operating cash flow for FY and positive reversal in Q2 after Q1 cash use of $20.5M.","Paid down $11.25M term loan after quarter end; price increases expected to be realized throughout Q2 to enhance margins."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-038697","json":"https://secwatch.observer/filing/0001140361-23-038697.json","markdown":"https://secwatch.observer/filing/0001140361-23-038697.md","text":"https://secwatch.observer/filing/0001140361-23-038697.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/918251/000114036123038697/0001140361-23-038697-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/918251/000114036123038697/brhc20057100_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T00:04:43.324689+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"16b80f67be7d0e68e8456be4fd3fcc6a43ac733e","claim":"MOTORCAR PARTS OF AMERICA INC reported fiscal 2024 first quarter ended June 30, 2023 results: revenue Net sales for the fiscal 2024 first quarter were $159.7 million, net income Net loss for the fiscal 2024 first quarter was $1.4 million, EPS $0.07 per share. Guidance reaffirmed.","evidence_excerpt":"Net sales for the fiscal 2024 first quarter were $159.7 million compared with $164.0 million in the prior year – primarily reflecting timing of orders. The company noted that the fiscal second quarter is off to an excellent start based on record sales for a July month. Net loss for the fiscal 2024 first quarter was $1.4 million, or $0.07 per share, compared with a net loss of $175,000, or $0.01 per share, a year ago – impacted by sharply higher interest rates not yet fully absorbed by price increases and product mix.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/918251/000114036123038697/0001140361-23-038697-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 first quarter ended June 30, 2023"},{"label":"Revenue","value":"Net sales for the fiscal 2024 first quarter were $159.7 million"},{"label":"Net income","value":"Net loss for the fiscal 2024 first quarter was $1.4 million"},{"label":"EPS","value":"$0.07 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}