MAMO

Company Highlights Improved Gross Margins, Strengthened Dealer Channel and Expands Premium HVAC Product Offerings GARLAND, Texas, April 1, 2026 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company") today announced its financial results for the fiscal year ended December 31, 2025, and confirmed that it has filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission. The Company continues to transition toward a more disciplined, higher-margin operating model while advancing new product initiatives designed to support long-term growth. Financial Highlights Gross Margin: approximately 37.5%, compared to 29.7% in FY2024 (+780 basis points) Gross Profit: $26.9 million, compared to $32.5 million Net Income: $1.5 million, compared to $1.8 million Revenue: $71.8 million, compared to $109.3 million Cash at Year-End: $5.8 million, compared to $10.2 million Revenue for 2025 reflects a deliberate strategy to rebalance dealer inventory, reduce channel saturation, and prioritize pricing integrity and long-term channel health over short-term volume growth. Gross margin expansion was driven by product mix optimization, supply chain efficiencies, and ongoing cost control initiatives. Operational and Strategic Highlights During 2025, the Company executed a series of initiatives to strengthen the quality and sustainability of its business, including the following: Rebalanced dealer inventory levels and improved channel health Prioritized pricing discipline and reduced promotional activity Enhanced product mix toward higher-margin offerings Advanced supply chain and cost optimization efforts These actions contributed to improved margin performance and position the Company for more stable long-term growth. Business Platform Massimo operates a nationwide platform supported by: Approximately 2,800 dealer locations across the United States Over 600 motor vehicle service providers Over 5,500 marine service providers A 376,000 square-foot integrated operations facility in Texas This infrastructure provides the Company with a scalable national distribution and service platform capable of supporting future growth across both consumer and commercial markets. Product Innovation and Pipeline Momentum As part of its ongoing strategy, Massimo continues to expand its premium vehicle lineup with a focus on utility-driven, all-weather mobility solutions. The Company has introduced its Sentinel Series UTVs and MVR Pro Series electric carts, both featuring fully integrated HVAC systems designed to enable year-round use across agricultural, commercial and recreational applications. Following strong early demand and positive dealer response to initial HVAC-equipped models, Massimo plans to launch the Sentinel 770 HVAC in April 2026, with the Sentinel 1500 expected to follow in July 2026 as a new flagship platform. The Company believes these premium offerings support its strategy of moving up-market, increasing average selling prices, and expanding into higher-value commercial and fleet applications. Outlook and Growth Initiatives Looking ahead, the Company remains focused on strengthening its core vehicle platform, expanding its distribution network, and developing commercial and fleet sales channels. In addition, in 2026, the Company plans to explore selective opportunities in intelligent automation and scalable consumer service platforms. These areas may include robotic-assisted systems, AI-enabled retail solutions and security-related technologies. These initiatives are in the early stages of evaluation and remain subject to further development and validation. The Company intends to pursue opportunities that align with its operational capabilities and long-term strategic objectives. The Company expects continued progress in margin stability and channel normalization as it enters fiscal 2026. CEO Commentary David Shan, Chief Executive Officer of Massimo Group, commented: "2025 marked a deliberate transition year in which we prioritized margin expansion, dealer channel health, and operational discipline. While these actions impacted near-term revenue, they have strengthened the foundation of our business. At the same time, we are seeing strong momentum in our premium product initiatives, including the Sentinel UTV series and MVR Pro HVAC electric carts. Early demand for these models has been encouraging, and we believe they position us well to capture higher-value opportunities across both consumer and commercial markets. As we move into 2026, we expect these new product introductions, combined with a healthier channel and improved pricing dynamics, to support more sustainable long-term growth." Annual Report on Form 10-K The Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, has been filed with the SEC and is available on the SEC's website at www.sec.gov and on the Company's investor relations website. About Massimo Group Massimo Group (NASDAQ: MAMO) is a U.S.-based provider of utility-focused powersports vehicles, recreational products, and marine equipment. The Company delivers feature-rich products through a nationwide distribution and service network and is focused on expanding its platform through product innovation, operational execution, and scalable channel development across consumer and commercial markets. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These statements include, but are not limited to, statements regarding future business strategies, product launches, channel development, commercial expansion, intelligent automation initiatives, and operational improvements. Forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied by such statements, including those under "Risk Factors" in filings with the SEC made by Massimo. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law. Company Contact: Quenton Petersen, Vice President, Massimo Group, [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-reports-fy2025-results-delivers-margin-expansion-and-advances-premium-product-pipeline-302730508.html

GARLAND, Texas, Nov. 18, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports and electric vehicles, today announced that the Company has received orders from retail and dealer partners for more than 4,000 units to be delivered in the next two months, representing over $20 million revenue that will be reflected in the Company's Q4 financials, pushing toward a strong year-end close. The Company is executing a series of holiday sales promotions across its product lineup—including UTVs, ATVs, and youth models—to meet demand and strengthen its retail presence nationwide. Early responses from dealers and major retail partners indicate robust momentum heading into the holiday season, supported by the introduction of the 2026 model year vehicles. "Our team and partners are aligned and motivated to finish the year strong," said David Shan, CEO of Massimo Group. Massimo's expanding retail footprint and continued focus on value, innovation, and dependability are helping to build significant momentum heading into 2026. About Massimo Group (NASDAQ: MAMO) Massimo Group is a manufacturer and distributor of powersports and electric vehicles headquartered in Garland, Texas. The company's portfolio includes UTVs, ATVs, e-bikes, and electric utility vehicles known for performance, reliability, and value. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo Group. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo Group's future results of operations and financial position, Massimo Group's business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo Group are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, risks relating to Massimo Group which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; costs; changes in applicable laws or regulations; the possibility that Massimo Group may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties, including those under "Risk Factors" in filings with the SEC made by Massimo Group. Moreover, Massimo Group operates in very competitive and rapidly changing environments. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Massimo Group's control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. No assurance can be given regarding the forward-looking statements, and actual results may differ materially from those as indicated. Massimo Group undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contacts Company Dr. Yunhao Chen Chief Financial Officer Massimo Group [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-received-orders-for-over-4-000-units-worth-20-million-in-revenue-to-be-delivered-before-fiscal-year-end-holiday-promotions-and-new-2026-models-drive-strong-finish-302617714.html

The market for Massimo Group's (NASDAQ:MAMO) shares didn't move much after it posted weak earnings recently. Our analysis suggests that while the profits are soft, the foundations of the business are strong. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. This ratio tells us how much of a company's profit is not backed by free cashflow. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the year to December 2024, Massimo Group had an accrual ratio of -0.16. Therefore, its statutory earnings were very significantly less than its free cashflow. In fact, it had free cash flow of US$6.3m in the last year, which was a lot more than its statutory profit of US$3.15m. Massimo Group did see its free cash flow drop year on year, which is less than ideal, like a Simpson's episode without Groundskeeper Willie. However, that's not all there is to consider. The accrual ratio is reflecting the impact of unusual items on statutory profit, at least in part. See our latest analysis for Massimo Group Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Massimo Group. Massimo Group's profit was reduced by unusual items worth US$3.5m in the last twelve months, and this helped it produce high cash conversion, as reflected by its unusual items. This is what you'd expect to see where a company has a non-cash charge reducing paper profits. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. Massimo Group took a rather significant hit from unusual items in the year to December 2024. As a result, we can surmise that the unusual items made its statutory profit significantly weaker than it would otherwise be. Considering both Massimo Group's accrual ratio and its unusual items, we think its statutory earnings are unlikely to exaggerate the company's underlying earnings power. After considering all this, we reckon Massimo Group's statutory profit probably understates its earnings potential! If you want to do dive deeper into Massimo Group, you'd also look into what risks it is currently facing. To that end, you should learn about the 3 warning signs we've spotted with Massimo Group (including 1 which is concerning). Our examination of Massimo Group has focussed on certain factors that can make its earnings look better than they are. And it has passed with flying colours. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

GARLAND, Texas, March 27, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a manufacturer and distributor of powersports vehicles and pontoon boats, today released its financial results for the fourth quarter and the year ended Dec. 31, 2024, noting revenue from sales of UTVs, ATVs and electric bikes increased by $4.1 million, or 4.0%, from $103.3 million in fiscal 2023 to $107.5 million in fiscal 2024. As of Dec. 31, 2024, Massimo reported a positive working capital of $19.2 million, with an increase in net cash and cash equivalents of $9.4 million for the year ended Dec. 31, 2024. The increase in revenue was primarily attributed to Massimo's expansion of product sales into large retail stores in the U.S., along with a shift in the Company's sales strategy. Massimo Group, through its subsidiaries Massimo Motor Sports and Massimo Marine LLC, manufactures, imports and distributes a diversified and competitive portfolio of products including UTVs, ATVs, motorcycles, scooters, golf carts, tractors and recreational pontoon boats among other product lines designed for outdoor enthusiasts. David Shan, CEO of Massimo Group, emphasized operational highlights including the below. Relocation of its MVR Golf Cart series production to its state of the art facility located in Garland, Texas. A new robotic assembly line, which increases efficiency, enhances quality control and improves worker safety in Garland. Massimo's nationwide distribution network now includes six strategically located centers: Edison, New Jersey; City of Industry, California; Port Wentworth, Georgia; Houston, Texas; Garland, Texas; and Edwardsville, Illinois. The Company continues to deepen its relationships with key retail partners through active engagement at major industry events. The company plans to expand into AI Application Robotic Products, partnering with manufacturers to distribute AI-powered companions and utility assistants, transforming the business beyond traditional powersports into high-tech, AI-driven applications. About Massimo Group Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV's, off-road, and on-road vehicles in the industry. The company's product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style minibikes. Founded in 2020, Massimo Marine manufactures and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo Group is also developing electric versions of UTVs, golf carts and pontoon boats, all of which are currently available for sale. The company's 376,000-square-foot factory is in the heart of the Dallas / Fort Worth area of Texas in the city of Garland. For more information, visit massimomotor.com and massimomarine.com. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements." In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, market positions, business plans and future financial results; and any other statements that are not historical facts, although not all forward-looking statements contain such identifying words. Forward-looking statements may include, for example, statements about the Company's ability to enhance its distribution network; entering into partnership with new retail partners, reductions to fulfilment times; the future financial and operational performance of Massimo; competitive position; Massimo's financial position, including estimated revenues, profitability, margins, losses and expenses; new products; operational efficiency; expansion into new markets; acquisitions; the establishment of an R&D department; and other plans and objectives of management. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Massimo, including those set forth in the "Risk Factors" section of Massimo's Annual Report on Form 10-K for the year ended Dec. 31, 2024, as updated by Massimo's subsequent filings, with the SEC. Copies are available on the SEC's website, www.sec.gov. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Company Dr. Yunhao Chen Chief Financial Officer Massimo Group [email protected] Corporate Communications IBN Austin, Texas www.InvestorBrandNetwork.com 512.354.7000 [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-reports-fiscal-year-end-2024-financial-results-302413153.html SOURCE Massimo Group