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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 202M | 26.5% |
| Gross Profit | 41M | 41.5% |
| Cost of Revenue | 188M | 15.3% |
| Operating expense | 29M | 19.3% |
| Net Income | -3M | 83.7% |
| EBITDA | -370,000 | 97.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 986M | 0.8% |
| Total Liabilities | 722M | 1.6% |
| Total Equity | 264M | 1.2% |
| Shares Outstanding | 20M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 23M | 209.6% |
| Cash from investing | -470,000 | 8.8% |
| Cash from financing | -20M | 228.8% |
EPS
Financial Highlights for Motorcar Parts of America in Q3 '24
Motorcar Parts of America reported a revenue of 202M, which is a 26.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 41M, marking a 41.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 188M, a 15.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 29M, showing a -19.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -3M, showing a 83.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -370,000, showing a 97.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Motorcar Parts of America with growth in revenue, gross profit, and net income.
