Massimo Group Reports Fiscal Year 2023 Financial Results [Yahoo! Finance]
Massimo Group (MAMO)
Company Research
Source: Yahoo! Finance
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." Q4 2023 Revenues up 58.5% to $39.6 million from $25.0 million in Q4 2022. FY 2023 Revenues increased 32.9% to $115.0 million from $86.5 million in FY 2022. FY 2023 Gross profit increased 61.7% to $35.9 million from $22.2 million in FY 2022. FY 2023 Gross margin grew 550 basis points to 31.2% compared to 25.7% in FY 2022. FY 2023 Net income increased 150% to $10.4 million from $4.2 million in FY 2022. Massimo Motor: o A
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MAMO
News
- Massimo Group Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Massimo Group Reports First Quarter 2024 Financial ResultsPR Newswire
- Massimo Group Secures New Distribution Partnership with Fleet Farm, the Midwest's Premier Outdoor Retailer [Yahoo! Finance]Yahoo! Finance
- Massimo Group Secures New Distribution Partnership with Fleet Farm, the Midwest's Premier Outdoor RetailerPR Newswire
- Massimo Group Expands Partnership with Global Omnichannel Retailer for Youth Series Vehicles [Yahoo! Finance]Yahoo! Finance
MAMO
Sec Filings
- 5/14/24 - Form 8-K
- 5/14/24 - Form 10-Q
- 4/19/24 - Form S-8
- MAMO's page on the SEC website