Massimo group reports fiscal year 2023 financial results

Fy 2023 revenues up 32.9% to $115.0 million on strong sales of powersports vehicles and pontoon boats fy 2023 gross margin grew 550 basis points to 31.2% fy 2023 net income up 150% to $10.4 million closed $5.85 million initial public offering, began trading on nasdaq under ticker symbol "mamo" garland, texas , april 16, 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 fourth quarter and fiscal year ended december 31, 2023. fourth quarter and 2024 operational highlights closed $5.85 million ipo listing on nasdaq capital market under the ticker symbol "mamo.
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