---
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"
generated_at: "2026-06-12T00:04:43.324689+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Motorcar Parts posts Q1 net loss $1.4M; revenue down 2.6% YoY; reaffirms FY outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-038697
- JSON: https://secwatch.observer/filing/0001140361-23-038697.json
- Plain text: https://secwatch.observer/filing/0001140361-23-038697.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal 2024 first quarter ended June 30, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/918251/000114036123038697/0001140361-23-038697-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.