MAMO
Massimo Group4.5900
+0.1700+3.85%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
191.13MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Massimo Group's Q3 revenue fell 33.6% y/y to $17.0M while gross margin leaped to 42.0% from 27.2%, driving operating income to $1.8M from $0.3M as selling expenses halved on lower volume and warranty fixes. UTVs/ATVs (96% of sales) dropped sharply yet margins held firm; pontoon boats edged up. Nine-month revenue plunged 44% to $50.8M with a small net loss, but Q3 swung profitable at $1.5M ($0.04 diluted EPS, confirmed vs 41.6M shares). Cash drained to $2.6M amid $4.1M operating outflow; no debt beyond leases, but Nebula litigation looms. Customer concentration stings.
10-Q
Q2 FY2025 results
Massimo Group's Q2 revenue fell 46.6% y/y to $18.9M from $35.4M, yet gross margin expanded 3.8 points to 36.3% on lower UTV/ATV volumes amid economic contraction and tariff uncertainty. Operating income swung to a slim $0.1M profit from $3.6M, clipped by higher G&A from public company costs and stock comp. QTD cash drained to $2.4M with $4.7M operating outflow; inventories eased $3.8M while repaying $3.0M shareholder debt. One customer drove 65% sales. Customer concentration risks loom large.
8-K
Auditor switch announced
Massimo Group dismissed auditor ZH CPA on June 26, 2025, appointing HHL LLP effective June 30 for the fiscal year ending December 31, 2025. No disagreements arose with ZH CPA, but material weaknesses persisted in internal controls over financial reporting and communication. Clean switch. ZH CPA concurs per its July 1 letter.
10-Q
Q1 FY2025 results
Massimo Group's Q1 FY2025 revenue fell 50.6% y/y to $14.9M from $30.2M, driven by UTVs/ATVs/e-bikes dropping 46.2% amid tariff uncertainty and soft demand, while Pontoon Boats plunged 64.7% on seasonal slowdowns. Gross margin contracted to 28.4% from 34.7% due to higher freight costs, fueling a $2.7M operating loss versus $4.0M profit; net loss hit $2.1M or $(0.05) per diluted share on 41.5M shares. Cash drained to $0.8M after $3.3M operating outflow, yet inventories shed $2.9M q/q and related-party debt halved to $2.5M. Cash is tight. Ongoing Nebula litigation clouds collections.
8-K
2024 financials need restatement
Massimo Group disclosed on May 14, 2025, that its 2024 audited financials in the March 26 Form 10-K require restatement due to unrecorded adjustments for underestimated holiday promotion markdowns by a key client, slashing sales by $1.9 million and net income by $1.4 million. This stems from a material weakness in internal controls over communication and reporting. Audit committee concurred; amended 10-K forthcoming with remediation details.
IPO
Website
Employees
Sector
Industry
EZGO
EZGO Technologies Ltd.
1.92-0.23
KNDI
Kandi Technologies Group, Inc.
0.93-0.05
MBUU
Malibu Boats, Inc.
28.84-0.65
MCFT
MasterCraft Boat Holdings, Inc.
18.67-0.23
PII
Polaris Inc.
68.54+0.40
THO
Thor Industries, Inc.
102.50+1.03
VEEE
Twin Vee PowerCats Co.
1.77+0.00
VIVC
Vivic Corp.
0.12+0.00
VMAR
Vision Marine Technologies Inc.
0.98+0.60
WGO
Winnebago Industries, Inc.
40.04+0.54