Profile
Sector:
Consumer CyclicalIndustry:
Recreational VehiclesCountry:
United StatesIPO:
Website:
http://www.massimomotor.comNext earnings report:
29 November 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | 25 min agoDividend
Analysts recommendations
Institutional Ownership
MAMO Latest News
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.
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.
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.
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.
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.
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.
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.
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.
Program to Test In-Store Pontoon Placement in Select Tractor Supply Locations Across the Northern Texas Region GARLAND, Texas , June 6, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced it has launched a Pontoon Boat Pilot Program with Tractor Supply Company, the largest rural lifestyle retailer in the United States, for in-store product placement in select Texas store locations. For more than 85 years, Tractor Supply Company has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here.
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 29 November 2024