Massimo Group (MAMO) Company Overview

GARLAND, TX / ACCESS Newswire / January 24, 2025 / Massimo Group (NASDAQ:MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced that management will attend The Microcap Conference 2025 taking place January 28-30, 2025, Borgata Hotel Spa & Casino in Atlantic City, NJ. Massimo Chief Financial Officer, Dr. Yunhao Chen, will attend The Microcap Conference 2025 where she is scheduled to host one-on-one meetings with investors, and will host a live presentation during the event.

GARLAND, Texas , Jan. 23, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced that management will attend The Microcap Conference 2025 taking place January 28-30, 2025, Borgata Hotel Spa & Casino in Atlantic City, NJ. Massimo Chief Financial Officer, Dr. Yunhao Chen, will attend The Microcap Conference 2025 where she is scheduled to host one-on-one meetings with investors, and will host a live presentation during the event.

GARLAND, Texas , Jan. 16, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, reviews highlights of the past year and shares upcoming priorities in a shareholder letter from CEO David Shan. Dear Shareholders, After the close of another remarkable year, I want to take this opportunity to reflect on our performance, the challenges we have faced, and the exciting opportunities that lie ahead.

Midwest hub to support Massimo's robust network of partners and customers in the region GARLAND, Texas , Jan. 7, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announces the establishment of its sixth distribution center, located in Edwardsville, Illinois. This strategic addition is expected to further strengthen Massimo Motor's logistics network, enhancing its ability to efficiently serve partners and customers across the United States.

Fully Enclosed Cabs Equipped with Heating and Air Conditioning Ensure Usability and Protection in all Weather Conditions GARLAND, Texas , Dec. 18, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of the MVR HVAC Golf Cart and MVR HVAC Utility Carts, the latest additions to the popular MVR Series of electric carts. Designed to deliver exceptional comfort and performance, these models feature fully enclosed cabs equipped with heating and air conditioning, ensuring usability and protection in all weather conditions.

Industry-Leading Features Tailored to Meet the Increasing Demand for Eco-Friendly, Versatile Solutions for Recreation and Work GARLAND, Texas ,  Nov. 25, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its new MVR Series electric carts, featuring the MVR 2X Golf Cart and the MVR Cargo Max Utility Cart. These high-performance electric vehicles are tailored to meet the increasing demand for low-speed electric vehicles (LSVs) that offer versatility for both recreational and professional use.

Sets a New Standard in the Industry for Comfort, Functionality, and Affordability in the Six-Seater UTV market GARLAND, Texas , Nov. 21, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its latest 2025 UTV model, the Buck 550-6 Crew, specifically designed to meet the needs of families and outdoor enthusiasts, or light-duty work around a property. The newly redesigned Buck 550-6 Crew UTV sets a new standard for comfort, functionality, and affordability in the six-seater UTV market.

Year-to-Date 2024 Revenue Increases 20.8% YoY to $91.2 Million New Production, Product and Sales Initiatives Driving Motor Vehicle Growth GARLAND, Texas , Nov. 15, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, has reported its financial and operational results for the third quarter ended September 30, 2024. Key Financial Q3 2024 and Subsequent Operational Highlights and Business Updates ($ millions) Nine Month Comparison Q3 Comparison 9M 2024 9M 2023 $ ChangeYoY % ChangeYoY Q3 2024 Q3 2023 $ ChangeYoY % ChangeYoY Revenue $91.2 $75.5 $15.7 20.8 % $25.6 $29.9 ($4.3) (14.4 %) Gross Profit $28.9 $23.8 $5.1 21.6 % $7.0 $10.1 ($3.1) (30.9 %) Gross Margin 31.7 % 31.5 % 21 bps 27.2 % 33.6 %  (647) bps Net Income $3.5 $6.6 ($3.1) (46.9 %) ($2.5) $4.0 ($6.5) (163.2 %) 9M 2024 revenue increased 20.8% to $91.2 million compared to $75.5 million in 9M 2023.

Explore why Zacks has given Massimo a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Uncover insights into Massimo's product launches, automation upgrades, and retail partnerships, as well as challenges it faces from supply chain risks and competitive pressures.