| Massimo Group CFO, Dr. Yunhao Chen, to Speak as Guest Panelist at the SEC's 44th Annual Small Business Forum |
Dr. Yunhao Chen will join SEC Commissioners and other thought leaders in the annual forum focused on financial reporting and capital raising policies affecting small businesses. GARLAND, Texas , April 9, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announces that Dr. Yunhao Chen, the Chief Financial Officer of Massimo, will participate in a panel discussion on Thursday, April 10, 2025, at the Securities and Exchange Commission's 44th Annual Government-Business Forum on Small Business Capital Formation. |
prnewswire.com |
2025-04-09 14:30:00 |
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| Massimo Motor Launches New Online Sales Platform, Ushering in a New Era of Powersports Digital Retail |
With the rollout of this new platform, Massimo anticipates a significant increase in its annual sales. GARLAND, Texas , April 2, 2025 /PRNewswire/ -- Massimo Motor (NASDAQ: MAMO), a leading U.S. manufacturer and distributor of powersports vehicles, today announced the official launch of its new online sales platform. |
prnewswire.com |
2025-04-02 12:30:00 |
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| Massimo Group Reports Fiscal Year End 2024 Financial Results |
GARLAND, Texas , March 27, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a manufacturer and distributor of powersports vehicles and pontoon boats, today released its financial results for the fourth quarter and the year ended Dec. 31, 2024, noting revenue from sales of UTVs, ATVs and electric bikes increased by $4.1 million, or 4.0%, from $103.3 million in fiscal 2023 to $107.5 million in fiscal 2024. As of Dec. 31, 2024, Massimo reported a positive working capital of $19.2 million, with an increase in net cash and cash equivalents of $9.4 million for the year ended Dec. 31, 2024. |
prnewswire.com |
2025-03-27 10:30:00 |
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| Massimo Motor Strengthens Strategic Partnerships at Rural King Vendor Summit, Tractor Supply Company & PetSense ASM and Partner Trade Show |
Massimo's participation in these vendor summits is not only about showcasing its lineup of UTVs, ATVs and outdoor equipment but also about listening and learning. GARLAND, Texas , March 5, 2025 /PRNewswire/ -- Massimo Motor (NASDAQ: MAMO), a manufacturer of powersports vehicles, continues to deepen its relationships with key retail partners through active engagement at major industry events. |
prnewswire.com |
2025-03-05 10:30:00 |
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| Massimo Moves MVR Golf Cart Production to U.S. to Enhance Quality Control and Market Positioning |
GARLAND, Texas , Feb. 11, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) is proud to announce the transition of its MVR Golf Cart series production to its facility in Garland, Texas. By assembling these vehicles domestically, Massimo ensures stricter quality control while strategically positioning itself within the U.S. market. |
prnewswire.com |
2025-02-11 10:30:00 |
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| Massimo Motor to Participate in The Microcap Conference 2025 |
GARLAND, TX / ACCESS Newswire / January 24, 2025 / Massimo Group (NASDAQ:MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced that management will attend The Microcap Conference 2025 taking place January 28-30, 2025, Borgata Hotel Spa & Casino in Atlantic City, NJ. Massimo Chief Financial Officer, Dr. Yunhao Chen, will attend The Microcap Conference 2025 where she is scheduled to host one-on-one meetings with investors, and will host a live presentation during the event. |
accessnewswire.com |
2025-01-24 10:31:00 |
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| Massimo Motor to Participate in The Microcap Conference 2025 |
GARLAND, Texas , Jan. 23, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced that management will attend The Microcap Conference 2025 taking place January 28-30, 2025, Borgata Hotel Spa & Casino in Atlantic City, NJ. Massimo Chief Financial Officer, Dr. Yunhao Chen, will attend The Microcap Conference 2025 where she is scheduled to host one-on-one meetings with investors, and will host a live presentation during the event. |
prnewswire.com |
2025-01-23 10:31:00 |
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| Massimo Motor CEO Reflects on Industry Challenges, Shares Exciting Opportunities Ahead in Letter to Shareholders |
GARLAND, Texas , Jan. 16, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, reviews highlights of the past year and shares upcoming priorities in a shareholder letter from CEO David Shan. Dear Shareholders, After the close of another remarkable year, I want to take this opportunity to reflect on our performance, the challenges we have faced, and the exciting opportunities that lie ahead. |
prnewswire.com |
2025-01-16 10:31:00 |
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| Massimo Motor Expands Nationwide Reach with 6th Distribution Center in Illinois |
Midwest hub to support Massimo's robust network of partners and customers in the region GARLAND, Texas , Jan. 7, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announces the establishment of its sixth distribution center, located in Edwardsville, Illinois. This strategic addition is expected to further strengthen Massimo Motor's logistics network, enhancing its ability to efficiently serve partners and customers across the United States. |
prnewswire.com |
2025-01-07 10:30:00 |
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| Massimo Motor Enhances Production Efficiency with Advanced Robotic Technology; Launches New T-Boss 560L and 760L Models with Winter-Ready Features |
Expects to Increase Assembly Efficiency by 50%, Reducing Manual Handling, Minimizing Labor, and Enhancing Worker Safety GARLAND, Texas , Dec. 23, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the successful ramp-up of its new assembly line, featuring cutting-edge robotic technology designed to streamline production and enhance quality control. This investment reinforces Massimo's commitment to meeting the needs of both its customers and investors as the company prepares for an impactful 2025. |
prnewswire.com |
2024-12-23 10:31:00 |
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| Massimo Motor Introduces MVR HVAC Golf Cart and Utility Carts: Revolutionizing Comfort and Functionality in Electric Carts |
Fully Enclosed Cabs Equipped with Heating and Air Conditioning Ensure Usability and Protection in all Weather Conditions GARLAND, Texas , Dec. 18, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of the MVR HVAC Golf Cart and MVR HVAC Utility Carts, the latest additions to the popular MVR Series of electric carts. Designed to deliver exceptional comfort and performance, these models feature fully enclosed cabs equipped with heating and air conditioning, ensuring usability and protection in all weather conditions. |
prnewswire.com |
2024-12-18 10:31:00 |
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| Riding the Wave of an Electric Boat Future- Collaborations Key to Success |
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - December 3, 2024) - Investorideas.com, a go-to investing platform covering electric vehicle stocks issues a snapshot on the future of the electric boating market and some of the partnerships moving the sector forward, featuring Vision Marine Technologies Inc. (NASDAQ: VMAR), a pioneer in electric marine propulsion. Read the full article on Investorideas.com https://www.investorideas.com/News/2024/renewable-energy/12030Electric-Boat.asp According to a recent study by Future Market Insights, "The global electric boats market is on a rapid growth trajectory, expected to expand at a Compound Annual Growth Rate (CAGR) of 10.4% from 2023 to 2033. |
newsfilecorp.com |
2024-12-03 09:00:00 |
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| Massimo Marine and Vision Marine Technologies Announce Production Partnership for First Commercial Electric Pontoon Platform |
Fully Integrated 30-foot Electric Pontoon Platform Designed for Commercial and Recreational Markets Showcases Commitment to Innovation and Sustainability GARLAND, Texas , Dec. 2, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the Company's marine division, Massimo Marine, entered into a partnership with Vision Marine Technologies Inc (Nasdaq: VMAR) ("Vision Marine"), a pioneer in electric marine propulsion. This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. |
prnewswire.com |
2024-12-02 10:31:00 |
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| Massimo Launches Electric MVR Series Golf and Utility Carts: Meeting the Growing Demand for Low-Speed Electric Vehicles |
Industry-Leading Features Tailored to Meet the Increasing Demand for Eco-Friendly, Versatile Solutions for Recreation and Work GARLAND, Texas , Nov. 25, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its new MVR Series electric carts, featuring the MVR 2X Golf Cart and the MVR Cargo Max Utility Cart. These high-performance electric vehicles are tailored to meet the increasing demand for low-speed electric vehicles (LSVs) that offer versatility for both recreational and professional use. |
prnewswire.com |
2024-11-25 10:31:00 |
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| Massimo Launches the All-New 2025 Buck 550-6 Crew UTV: Redefining Value in the Powersports Market |
Sets a New Standard in the Industry for Comfort, Functionality, and Affordability in the Six-Seater UTV market GARLAND, Texas , Nov. 21, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its latest 2025 UTV model, the Buck 550-6 Crew, specifically designed to meet the needs of families and outdoor enthusiasts, or light-duty work around a property. The newly redesigned Buck 550-6 Crew UTV sets a new standard for comfort, functionality, and affordability in the six-seater UTV market. |
prnewswire.com |
2024-11-21 10:31:00 |
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| Massimo Announces Expansion of Successful Partnership with Rural King for 2025 |
Expanded Massimo Lineup of UTVs, ATVs, Go-Karts, Golf Carts and Mini Bikes to be Available Online at Rural King's Website and in Select Stores Throughout 2025 GARLAND, Texas , Nov. 18, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the expansion of its successful retail partnership with Rural King, a leading farm and home store with locations across the U.S. After an outstanding year offering Massimo Motor's selection of go-karts to Rural King customers, both companies are excited to expand this partnership in 2025. The expanded program will introduce a wider range of Massimo products available both online and in-store, including UTVs, ATVs, go-karts, golf carts, and mini bikes. |
prnewswire.com |
2024-11-18 11:00:00 |
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| Massimo Group Reports Third Quarter 2024 Financial Results |
Year-to-Date 2024 Revenue Increases 20.8% YoY to $91.2 Million New Production, Product and Sales Initiatives Driving Motor Vehicle Growth GARLAND, Texas , Nov. 15, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, has reported its financial and operational results for the third quarter ended September 30, 2024. Key Financial Q3 2024 and Subsequent Operational Highlights and Business Updates ($ millions) Nine Month Comparison Q3 Comparison 9M 2024 9M 2023 $ ChangeYoY % ChangeYoY Q3 2024 Q3 2023 $ ChangeYoY % ChangeYoY Revenue $91.2 $75.5 $15.7 20.8 % $25.6 $29.9 ($4.3) (14.4 %) Gross Profit $28.9 $23.8 $5.1 21.6 % $7.0 $10.1 ($3.1) (30.9 %) Gross Margin 31.7 % 31.5 % 21 bps 27.2 % 33.6 % (647) bps Net Income $3.5 $6.6 ($3.1) (46.9 %) ($2.5) $4.0 ($6.5) (163.2 %) 9M 2024 revenue increased 20.8% to $91.2 million compared to $75.5 million in 9M 2023. |
prnewswire.com |
2024-11-15 10:31:00 |
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| Masimo's Q3 Earnings Rise Y/Y, Healthcare Demand Drives Growth |
MAMO sees a 30.7% increase in non-GAAP operating income in Q3 2024. Healthcare segment revenues increase 11.5%, driving overall growth amid strategic shifts. |
zacks.com |
2024-11-06 16:35:32 |
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| Zacks Initiates Coverage of Massimo With Neutral Recommendation |
Explore why Zacks has given Massimo a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Uncover insights into Massimo's product launches, automation upgrades, and retail partnerships, as well as challenges it faces from supply chain risks and competitive pressures. |
zacks.com |
2024-10-28 15:30:21 |
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| Massimo Demonstrates Innovation and Growth Potential at the 2024 Equip Expo in Louisville, KY |
Strong Interest in Motor Sports Vehicles at Expo Highlights Strategic Business Expansion and Growth Opportunities in 2025 GARLAND, Texas , Oct. 24, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, made a notable impact at this year's Equip Exposition, the largest annual gathering for professionals in landscaping, hardscaping, and contracting, showcasing Massimo Motor's lineup of rugged, versatile vehicles. Every October, landscapers, hardscapers, manufacturers, contractors, and dealers travel to Louisville, Kentucky, to network with other professionals and to test-drive the latest products. |
prnewswire.com |
2024-10-24 12:31:00 |
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| Massimo Launches New T-Boss UTV Series for the Winter Season |
Fully Enclosed Cabin Provides All-Weather Protection for Work and Play GARLAND, Texas, Oct. 10, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of a new T-Boss UTV series with Cab Enclosure, the best equipped and most value-packed UTVs in their class. The Massimo Motor T-Boss Series of UTVs is one of the most versatile on the market. |
prnewswire.com |
2024-10-10 12:31:00 |
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| Massimo Releases Feature-Rich T-Boss 1000 UTV |
Customers Can Now Work and Play with the Company's Most Powerful and Versatile UTV GARLAND, Texas , Sept. 11, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of the new T-Boss 1000 UTV, the best equipped and most value-packed UTV in its class. |
prnewswire.com |
2024-09-11 12:31:00 |
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| Massimo Showcases Newly Introduced GKD 350 All-Terrain Go Kart at Mid-States Fall Rendezvous 2024 |
Rugged Two-Seater Go-Kart Attracted Strong Interest from North American Premier Retailers in the Farm Store Industry GARLAND, Texas , Sept. 5, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, showcased its new GKD 350 All-Terrain Go Kart at the recent Mid-States Fall Rendezvous 2024 for Mid-States Distributing Company, Inc. ("Mid-States"), held August 20-22 at the Phoenix Convention Center in Phoenix, Arizona. |
prnewswire.com |
2024-09-05 12:31:00 |
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| Massimo Group Reports Second Quarter 2024 Financial Results |
Q2 2024 Revenue Increases 32% YoY to $35.4 Million Q2 2024 Net Income Increases 36% YoY to $2.8 Million New Production, Distribution and Product Initiatives Fueling Rapid Growth GARLAND, Texas , Aug. 12, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, has reported its financial and operational results for the second quarter ended June 30, 2024. Key Financial Q2 2024 and Subsequent Operational Highlights and Business Updates ($ millions) Q2 Comparison Q2 2024 Q2 2023 $ Change YoY % Change YoY Revenue $35.4 $26.7 $8.7 32 % Gross Profit $11.5 $8.1 $3.4 42 % Gross Margin 32.5 % 30.3 % -- 217 bps Net Income $2.8 $2.1 $0.7 36 % Revenue increased 32% to $35.4 million in Q2 2024 compared to $26.7 million in Q2 2023. |
prnewswire.com |
2024-08-12 12:30:00 |
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| Massimo Launches New GKD 350 All-Terrain Go Kart |
Rugged Two-Seater Vehicle Asked for from Big Retail Partners GARLAND, Texas , July 25, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its new GKD 350 All-Terrain Go Kart, combining iconic styling with powerful performance. This rugged two-seater go-kart is perfect for conquering any terrain. |
prnewswire.com |
2024-07-25 12:31:00 |
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| Massimo to Launch New Automated Vehicle Assembly Robot Line at Texas Factory |
Automation Expected to Improve Efficiency by 50% and Enhance Safety for Production of ATV and UTV Vehicles Lines GARLAND, Texas , July 17, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the adoption of a new automated vehicle assembly robot line. The robot line is expected to be installed in the coming weeks at its 376,000 square foot factory in Garland, Texas to support production of its ATV and UTV vehicles lines. |
prnewswire.com |
2024-07-17 12:31:00 |
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| Massimo Group to Ring the Nasdaq Closing Bell on Monday, July 15, 2024 |
GARLAND, Texas , June 28, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the Company will ring the closing bell at the Nasdaq MarketSite in Times Square, New York on Monday, July 15, 2024. "We are excited and honored to ring the bell to commemorate our recent listing," said David Shan, Founder, Chairman & CEO of Massimo. |
prnewswire.com |
2024-06-28 12:31:00 |
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| Massimo Showcases Motor Sports Vehicles at the Outdoor Power Equipment Hoedown at Gaylord Opryland |
GARLAND, Texas , June 25, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, exhibited its Massimo Motor vehicles at the recent Outdoor Power Equipment Hoedown for Mid-States Distributing Company, Inc. ("Mid-States"), held at the Gaylord Opryland in Nashville, TN. Established in 1954, Mid-States Distributing Company is the leading Farm, Ranch and Home Retail Cooperative. |
prnewswire.com |
2024-06-25 12:31:00 |
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| Massimo Group to Host Investor and Analyst Tours at its Manufacturing Facility in Garland, Texas Throughout June and July 2024 |
Management to Showcase its 376,000 sq. ft. Facility that Supports the Manufacture of its Motor and Marine Product Verticals 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. |
prnewswire.com |
2024-06-18 12:31:00 |
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