---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-019094"
form_type: "8-K"
ticker: "MAMO"
cik: "0001952853"
company_name: "Massimo Group"
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:23:34.609598+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Massimo Group reports Q1 2024 revenue of $30.2M, up 60% YoY; net income $3.2M, up 480%

## Summary
- Revenue $30.2M (+60% YoY), net income $3.2M ($0.08 EPS) vs $0.5M ($0.01) in Q1 2023.
- Gross margin expanded 500 bps to 34.7% due to lower freight costs and reduced returns.
- UTV/ATV/e-bike segment revenue $28.7M (+74.1%); pontoon boat revenue fell 38.2% to $1.5M.
- New in-store agreements with a global omnichannel retailer (1,300+ stores) and Fleet Farm; production capacity 3,000+ vehicles/month.
- Closed $5.85M IPO on Nasdaq on April 4, 2024; cash was $0.2M at quarter end (pre-IPO).

## SEC filing metadata
- accession: 0001493152-24-019094
- form_type: 8-K
- ticker: MAMO
- cik: 0001952853
- company_name: Massimo Group
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1952853/000149315224019094/0001493152-24-019094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1952853/000149315224019094/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019094
- JSON: https://secwatch.observer/filing/0001493152-24-019094.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019094.txt

## Key facts
- Earnings Releases
  Massimo Group reported first quarter ended March 31, 2024 results: revenue $30.2 million, net income $3.2 million, EPS $0.08 per basic and diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $30.2 million
  - Net income: $3.2 million
  - EPS: $0.08 per basic and diluted share
  - Result: reported results
  source text: Massimo Group Reports First Quarter 2024 Financial Results Q1 2024 Revenue Increases 60% YoY to $30.2 Million Q1 2024 Net Income Increases 480% YoY to $3.2 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1952853/000149315224019094/0001493152-24-019094-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.