{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-006561","form_type":"8-K","ticker":"MPAA","cik":"0000918251","company_name":"MOTORCAR PARTS OF AMERICA INC","filed_at":"2024-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.284389+00:00","generated_at":"2026-06-06T05:06:27.876332+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Motorcar Parts Q3 net sales up 13% to $171.9M; operating income +170%; net loss $47.2M on $37.5M valuation allowance","bullets":["Net sales $171.9M (+13.2% YoY); gross margin 17.5% vs 13.8%; operating income $9.5M (+170.1%).","Net loss $47.2M ($2.40/sh) includes $40.4M non-cash items, primarily $37.5M deferred tax asset valuation allowance (operating metrics unaffected).","Generated $53.6M cash from operations; reduced net bank debt to $102.8M from $146.5M in nine months.","Nine-month sales record $528.2M (+8.2%); operating income $33.9M (+166.7%); net loss $50.6M ($2.58/sh).","Management cites brake-related product momentum and expects improved efficiencies as volume increases."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-006561","json":"https://secwatch.observer/filing/0001140361-24-006561.json","markdown":"https://secwatch.observer/filing/0001140361-24-006561.md","text":"https://secwatch.observer/filing/0001140361-24-006561.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/918251/000114036124006561/0001140361-24-006561-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/918251/000114036124006561/ef20020660_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T05:06:27.876332+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":"fe3e7671a33d6f33fedf93e43d2af65cbf8de9db","claim":"MOTORCAR PARTS OF AMERICA INC reported the fiscal quarter ended December 31, 2023 results: revenue $171.9 million, net income net loss for the fiscal 2024 third quarter was $47.2 million, or $2.40 per share, EPS $2.40 per share.","evidence_excerpt":"a strong increase in net sales, operating income and cash flow from operating activities. Key highlights for the fiscal third quarter. • Net sales increased 13.2 percent to $171.9 million. • Gross margin improved by 3.7 percentage points. • Gross profit increased 43.1 percent to $30.0 million. • Operating income increased 170.1 percent to $9.5 million. • The","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/918251/000114036124006561/0001140361-24-006561-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended December 31, 2023"},{"label":"Revenue","value":"$171.9 million"},{"label":"Net income","value":"net loss for the fiscal 2024 third quarter was $47.2 million, or $2.40 per share"},{"label":"EPS","value":"$2.40 per share"},{"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"}