Massimo Group Common StockNASDAQ: MAMO

Profile

Country:

United States

IPO:

Next earnings report:

28 February 2025

Last dividends:

N/A

Next dividends:

N/A
$115.05 M
-38%vs. 3y high
27%vs. sector
-38%vs. 3y high
38%vs. sector
-50%vs. 3y high
84%vs. sector
-40%vs. 3y high
54%vs. sector

Price

regular market | 8 min ago
$2.78-$0.11(-3.81%)

Dividend

No data over the past 3 years
$25.60 M-$2.50 M

Analysts recommendations

Institutional Ownership

MAMO Latest News

Massimo Launches the All-New 2025 Buck 550-6 Crew UTV: Redefining Value in the Powersports Market
prnewswire.com21 November 2024 Sentiment: POSITIVE

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.

Massimo Group Reports Third Quarter 2024 Financial Results
prnewswire.com15 November 2024 Sentiment: POSITIVE

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.

Zacks Initiates Coverage of Massimo With Neutral Recommendation
zacks.com28 October 2024 Sentiment: NEUTRAL

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.

Massimo Showcases Newly Introduced GKD 350 All-Terrain Go Kart at Mid-States Fall Rendezvous 2024
prnewswire.com05 September 2024 Sentiment: POSITIVE

Rugged Two-Seater Go-Kart Attracted Strong Interest from North American Premier Retailers in the Farm Store Industry GARLAND, Texas , Sept. 5, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, showcased its new GKD 350 All-Terrain Go Kart at the recent Mid-States Fall Rendezvous 2024 for Mid-States Distributing Company, Inc. ("Mid-States"), held August 20-22 at the Phoenix Convention Center in Phoenix, Arizona.

Massimo Group Reports Second Quarter 2024 Financial Results
prnewswire.com12 August 2024 Sentiment: POSITIVE

Q2 2024 Revenue Increases 32% YoY to $35.4 Million Q2 2024 Net Income Increases 36% YoY to $2.8 Million New Production, Distribution and Product Initiatives Fueling Rapid Growth GARLAND, Texas , Aug. 12, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, has reported its financial and operational results for the second quarter ended June 30, 2024. Key Financial Q2 2024 and Subsequent Operational Highlights and Business Updates ($ millions) Q2 Comparison Q2 2024 Q2 2023 $ Change YoY % Change YoY Revenue $35.4 $26.7 $8.7 32 % Gross Profit $11.5 $8.1 $3.4 42 % Gross Margin 32.5 % 30.3 % -- 217 bps Net Income $2.8 $2.1 $0.7 36 % Revenue increased 32% to $35.4 million in Q2 2024 compared to $26.7 million in Q2 2023.

Massimo Launches New GKD 350 All-Terrain Go Kart
prnewswire.com25 July 2024 Sentiment: POSITIVE

Rugged Two-Seater Vehicle Asked for from Big Retail Partners GARLAND, Texas , July 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 GKD 350 All-Terrain Go Kart, combining iconic styling with powerful performance. This rugged two-seater go-kart is perfect for conquering any terrain.

Massimo to Launch New Automated Vehicle Assembly Robot Line at Texas Factory
prnewswire.com17 July 2024 Sentiment: POSITIVE

Automation Expected to Improve Efficiency by 50% and Enhance Safety for Production of ATV and UTV Vehicles Lines GARLAND, Texas , July 17, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the adoption of a new automated vehicle assembly robot line. The robot line is expected to be installed in the coming weeks at its 376,000 square foot factory in Garland, Texas to support production of its ATV and UTV vehicles lines.

Massimo Showcases Motor Sports Vehicles at the Outdoor Power Equipment Hoedown at Gaylord Opryland
prnewswire.com25 June 2024 Sentiment: POSITIVE

GARLAND, Texas , June 25, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, exhibited its Massimo Motor vehicles at the recent Outdoor Power Equipment Hoedown for Mid-States Distributing Company, Inc. ("Mid-States"), held at the Gaylord Opryland in Nashville, TN. Established in 1954, Mid-States Distributing Company is the leading Farm, Ranch and Home Retail Cooperative.

Massimo Group to Host Investor and Analyst Tours at its Manufacturing Facility in Garland, Texas Throughout June and July 2024
prnewswire.com18 June 2024 Sentiment: POSITIVE

Management to Showcase its 376,000 sq. ft. Facility that Supports the Manufacture of its Motor and Marine Product Verticals GARLAND, Texas , June 18, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced will host an investor and analyst tours at its manufacturing facility and headquarters in Garland, Texas throughout June and July 2024.

ARMLOGI ANNOUNCES STRATEGIC PARTNERSHIP WITH MASSIMO GROUP TO ENHANCE VEHICLE ASSEMBLY AND DISTRIBUTION
globenewswire.com11 June 2024 Sentiment: POSITIVE

WALNUT, CA, June 11, 2024 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced a strategic partnership with Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports vehicles and pontoon boats. The goal of this collaboration will be to maximize the operational capabilities of both companies by optimizing the delivery, assembly, and distribution of vehicle components closer to their final destinations.

What type of business is Massimo Group Common Stock?

Massimo Group, through its subsidiaries, engages in the manufacturing and sale of utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats. The company also offers motorcycles, scooters, golf carts, and go karts and balance bikes, as well as snow equipment. In addition, it provides accessories, including EV chargers, electric coolers, power stations, and portable solar panels. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace. Massimo Group was founded in 2009 and is based in Garland, Texas.

What sector is Massimo Group Common Stock in?

Massimo Group Common Stock is in the Consumer Cyclical sector

What industry is Massimo Group Common Stock in?

Massimo Group Common Stock is in the Recreational Vehicles industry

What country is Massimo Group Common Stock from?

Massimo Group Common Stock is headquartered in United States

What is Massimo Group Common Stock website?

https://www.massimomotor.com

Is Massimo Group Common Stock in the S&P 500?

No, Massimo Group Common Stock is not included in the S&P 500 index

Is Massimo Group Common Stock in the NASDAQ 100?

No, Massimo Group Common Stock is not included in the NASDAQ 100 index

Is Massimo Group Common Stock in the Dow Jones?

No, Massimo Group Common Stock is not included in the Dow Jones index

When was Massimo Group Common Stock the previous earnings report?

No data

When does Massimo Group Common Stock earnings report?

The next expected earnings date for Massimo Group Common Stock is 28 February 2025