secwatch.observer — SEC 8-K summary
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Issuer:     Massimo Group (MAMO)
CIK:        0001952853
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019094
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1952853/000149315224019094/0001493152-24-019094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1952853/000149315224019094/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019094

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