Massimo reports FY 2023 revenue $115M (+33%), net income $10.4M (+150%); Q4 revenue +58.5%

Massimo Group

2024-Q1 EPS reported $0.08 revenue$30,151,677

FY 2023 revenue $115.0M (up 32.9%), net income $10.4M (up 150% from $4.2M).
FY 2023 gross margin 31.2% (up 550 bps from 25.7%).
Q4 2023 revenue $39.6M (up 58.5%), net income $3.8M vs $54.7K.
Closed $5.85M IPO on April 4, 2024, listed on Nasdaq under MAMO.
Powersports sales $103.3M (+32.4%), marine sales $11.7M (+37.9%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Massimo Group reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

Massimo Group (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023.

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1349 earnings releases filed in the last 30 days. Browse all earnings releases →

Massimo Group filing history →

Source: SEC EDGAR

accession 0001493152-24-014750

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