Highest-materiality recent filing
Massimo Group appoints Quenton Petersen as CEO; David Shan becomes Executive Chairman
David Shan ceased as CEO on April 14, 2026, retains role as Executive Chairman with existing compensation unchanged.
Massimo Group FY2025 revenue $71.8M, down 34% YoY; gross margin up to 37.5%
Revenue $71.8M vs $109.3M in FY2024; net income $1.5M vs $1.8M.
Massimo Group signs non-binding LOI to acquire AI firm FST for $27M-$35M
Massimo Group (MAMO) entered LOI to acquire 100% of FST Development, an AI hardware-software company.
Massimo Group CFO Dr. Yunhao Chen resigns; CEO David Shan named interim CFO
Dr. Yunhao Chen resigned as CFO and director effective Jan 16, 2026; no disagreement with company or board.
Massimo Group will restate FY2024 financials; sales down $1.9M, net income down $1.4M
Audit committee concluded FY2024 financials should no longer be relied upon due to misstatements.
Massimo Group FY2024 net income falls to $3.2M ($0.08 EPS) from $10.4M; revenue down 3.3% to $111.2M
Net income $3.2M ($0.08 diluted EPS) vs $10.4M ($0.26) in FY2023; total revenue decreased 3.3% to $111.2M.
Massimo Group CEO Issues Shareholder Letter on Industry Challenges and Growth Plans
Massimo Motor Sports expects strong year-over-year sales growth for 2023-2024, outpacing industry average.
Massimo Q2 2024: Revenue $35.4M (+32%), Net income $2.8M (+36%)
Revenue $35.4M (+32% YoY); net income $2.8M, EPS $0.07 vs $0.05 YoY.
Massimo Group reports Q1 2024 revenue of $30.2M, up 60% YoY; net income $3.2M, up 480%
Revenue $30.2M (+60% YoY), net income $3.2M ($0.08 EPS) vs $0.5M ($0.01) in Q1 2023.
Massimo reports FY 2023 revenue $115M (+33%), net income $10.4M (+150%); Q4 revenue +58.5%
FY 2023 revenue $115.0M (up 32.9%), net income $10.4M (up 150% from $4.2M).
Massimo Group closes $5.85M IPO at $4.50/share, appoints new directors
IPO of 1,300,000 shares at $4.50/share; gross proceeds $5.85M; Nasdaq listing under MAMO.
On March 1, 2025, Massimo Group, a Nevada corporation (the “Company”) appointed Quenton Petersen to serve as an executive officer of the Company, holding the position of Vice President.
Effective March 1, 2025, Michael Smith will no longer be a Section 16 officer of the Company.
Yunhao Chen, Paolo Pietrogrande, Mark Sheffield, and Ting Zhu were appointed to the board of directors of the Company (the “Board”).
Yunhao Chen, Paolo Pietrogrande, Mark Sheffield, and Ting Zhu were appointed to the board of directors of the Company (the “Board”).
Yunhao Chen, Paolo Pietrogrande, Mark Sheffield, and Ting Zhu were appointed to the board of directors of the Company (the “Board”).
Yunhao Chen, Paolo Pietrogrande, Mark Sheffield, and Ting Zhu were appointed to the board of directors of the Company (the “Board”).
Max materiality 0.85 · Median 0.70 · Most common event other_material