Massimo Group Reports First Quarter 2024 Financial Results
- Q1 2024 Revenue Increases 60% YoY to $30.2 Million Q1 2024 Net Income Increases 480% YoY to $3.2 Million New In-Store Agreements with Leading Global Retailers for Motor Vehicles Increased Massimo Motor Production Capacity to 3,000+ Vehicles a Month GARLAND, Texas , May 14, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, has reported its financial and operational results for the first quarter ended March 31, 2024. Key Financial Q1 2024 and Subsequent Operational Highlights and Business Updates ($ millions) Q1 Comparison Q1 2024 Q1 2023 $ Change YoY % Change YoY Revenue $30.2 $18.8 $11.3 60 % Gross Profit $10.5 $5.6 $4.8 86 % Gross Margin 34.7 % 29.8 % -- 500 bps Net Income $3.2 $0.5 $2.6 480 % Closed $5.85 million IPO listing on Nasdaq Capital Market under the ticker symbol "MAMO" on April 4, 2024.
- 05/14/2024
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Massimo Group Secures New Distribution Partnership with Fleet Farm, the Midwest's Premier Outdoor Retailer
- Midwestern Retail to Feature Massimo UTV and ATV Products Online and In-Store GARLAND, Texas , April 30, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced it has entered into an ongoing agreement with Fleet Farm, a retailer serving active, outdoor, suburban and farm communities in the Midwest U.S., for its UTV, ATV, and youth series product lines to be sold in stores. With more than 65 years in business, Fleet Farm has become the Midwest's most trusted name in retail, with 49 locations across Iowa, Minnesota, North Dakota, South Dakota, and Wisconsin.
- 04/30/2024
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Massimo Group Expands Partnership with Global Omnichannel Retailer for Youth Series Vehicles
- Mini Tractor and Mini 125 Go Kart to be Eligible for Sale in a Major U.S. Retailer in its 1,300 Stores Across 13 States GARLAND, Texas , April 24, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced it has entered into an ongoing national agreement with a global omnichannel retailer for its youth series Mini Tractor and Mini 125 Go Kart to be sold in stores. The retailer's online marketplace currently features over 100 Massimo products including the Mini Tractor and Mini 125 Go Kart in addition to those from Massimo's other product lines.
- 04/24/2024
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Massimo Reported 2023 Financial Results
- IRVINE, Calif. , April 17, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO), a company coached by ATIF Holdings Limited (NASDAQ: ATIF, hereinafter referred to as "ATIF"), announces its fiscal year 2023 financial results following a $5.85 million initial public offering.
- 04/17/2024
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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.
- 04/16/2024
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U.S. IPO Weekly Recap: April IPO Market Gets A Boost From Large Launches And New Filings
- Three IPOs priced in the first week of April, led by a sizable biotech. Two sizable listings are currently scheduled for the week ahead, although smaller issuers may join the calendar throughout the week.
- 04/06/2024
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Massimo Group Announces Closing of Initial Public Offering and Nasdaq Listing
- GARLAND, Texas , April 4, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the closing of its initial public offering of 1,300,000 shares of its common stock at an initial public offering price of $4.50 per share. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Massimo, were approximately $5.85 million.
- 04/04/2024
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MASSIMO, consulted by ATIF, successfully listed on Nasdaq
- IRVINE, Calif. , April 2, 2024 /PRNewswire/ -- MASSIMO GROUP (NASDAQ: MAMO), hereinafter referred to as "MASSIMO", consulted by ATIF Holdings Limited (NASDAQ: ATIF, hereinafter referred to as "ATIF") made its initial public offering on the NASDAQ Exchange under the ticker symbol MAMO.
- 04/02/2024
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Massimo Group Announces Pricing of $5.85 Million Initial Public Offering
- GARLAND, Texas , April 2, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the pricing of its initial public offering of 1,300,000 shares of its common stock at a price of $4.50 per share. The gross proceeds to Massimo from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to be $5.85 million.
- 04/02/2024
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U.S. IPO Weekly Recap: Small Japanese Lists In The US As Insurer Aspen Holdings Joins The IPO Pipeline
- One small Asian issuer went public in the US this past week, ahead of the Christmas holiday. Japanese e-commerce firm Linkage Global priced at the low end to raise $6 million at an $86 million market cap.
- 12/25/2023
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Massimo Group Seeks $25 Million In U.S. IPO
- Massimo Group, LLC has filed for a $25 million IPO of its common stock, although the final amount may differ. The company manufactures power sports vehicles and boats in the U.S. Massimo has shown strong growth, a healthy net margin, and generates free cash flow.
- 12/20/2023
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