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Stock impact report

Massimo Group to Host Investor and Analyst Tours at its Manufacturing Facility in Garland, Texas Throughout June and July 2024 [Yahoo! Finance]

Massimo Group (MAMO) 
Company Research Source: Yahoo! Finance
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 Massimo Founder, Chairman & CEO David Shan and CFO Yunhao Chen will discuss the Company's recently announced distribution partnerships and First Quarter 2024 Financial Results that saw Q1 2024 year-over-year Revenue increase 60% to $30.2 million , Gross Profit increase 86% to $10.5 million , Gross Margin increase 500 basis points to 34.7%, and Net Income increase 480% to $3.2 million Mr. Shan and Dr. Chen will also be joined by other senior management team members for a tour of the company's 376,000 sq. ft. manufacturing facility Including the recent expansion to support increased production across its Motor and Marine product verticals. The expansion added 90,000 sq. ft. Show less Read more
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