Massimo group reports second quarter 2024 financial results

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.
MAMO Ratings Summary
MAMO Quant Ranking