Massimo Group Reports Third Quarter 2024 Financial Results [Yahoo! Finance]
Massimo Group (MAMO)
Company Research
Source: Yahoo! Finance
GARLAND, Texas Nov. 15, 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 third quarter ended September 30, 2024 Key Financial Q3 2024 and Subsequent Operational Highlights and Business Updates ($ millions) Nine Month Comparison Q3 Comparison 9M 2024 9M 2023 $ Change YoY % Change YoY Q3 2024 Q3 2023 $ Change YoY % Change YoY Revenue 20.8 % (14.4 %) Gross Profit 21.6 % (30.9 %) Gross Margin 31.7 % 31.5 % 21 bps 27.2 % 33.6 % (647) bps Net Income (46.9 %) (163.2 %) 9M 2024 revenue increased 20.8% to $91.2 million compared to $75.5 million in 9M 9M 2024 gross profit increased 21.6% to $28.9 million from $23.8 million in 9M 2023. Gross margin increased 21 basis points to 31.7% in 9M 2024 from 31.5% in 9M 9M 2024 net income decreased 46.9% to $3.5 million , or per basic and di
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MAMO
News
- Massimo Motor Enhances Production Efficiency with Advanced Robotic Technology; Launches New T-Boss 560L and 760L Models with Winter-Ready Features [Yahoo! Finance]Yahoo! Finance
- Massimo Motor Enhances Production Efficiency with Advanced Robotic Technology; Launches New T-Boss 560L and 760L Models with Winter-Ready FeaturesPR Newswire
- Massimo Motor Introduces MVR HVAC Golf Cart and Utility Carts: Revolutionizing Comfort and Functionality in Electric Carts [Yahoo! Finance]Yahoo! Finance
- Massimo Motor Introduces MVR HVAC Golf Cart and Utility Carts: Revolutionizing Comfort and Functionality in Electric CartsPR Newswire
- Massimo Marine and Vision Marine Technologies Announce Production Partnership for First Commercial Electric Pontoon Platform [Yahoo! Finance]Yahoo! Finance
MAMO
Sec Filings
- 12/26/24 - Form 4/A
- 12/20/24 - Form S-8
- 12/11/24 - Form 144
- MAMO's page on the SEC website