Massimo Group Common Stock
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- David Shan
- Full Time Employees
- 100
- Sector
- Consumer Cyclical
- Industry
- Auto - Recreational Vehicles
- Address
- 3101 W Miller Road Garland TX United States of America 75041
- IPO Date
- Apr 2, 2024
- CIK
- 0001952853
- Website
- massimomotor.com
- Similar Companies
- Business
- Massimo Group Common Stock Massimo Group Common Stock (NASDAQ: MAMO), through its subsidiaries, manufactures, imports, and distributes a diversified portfolio of powersports vehicles and recreational watercraft in the mid-tier segment of the powersports vehicles and boats industry. The company offers utility terrain vehicles (UTVs) including farm and ranch tested models; all-terrain vehicles (ATVs); motorcycles; scooters; golf carts; go-karts and balance bikes as part of its juvenile line; pontoon and tritoon boats; snow equipment; and accessories such as EV chargers, electric coolers, power stations, and portable solar panels. Massimo Group sells its products through a network of independent dealerships, distributors, chain stores like Rural King, and an e-commerce marketplace, targeting recreational users, first-time buyers, value-focused consumers, and customers in agriculture, ranching, and family boating sectors primarily in the United States. Founded in 2009 and headquartered in Garland, Texas, the company employs approximately 100 people and operates with a vertically integrated supply chain incorporating automated robotic assembly lines for enhanced production efficiency. Recent developments include the expansion of its retail partnership with Rural King, America's Farm and Home Store, for 2025 with added models like the Buck 450 UTV and T-Boss 900L Crew; receipt of orders for over 4,000 units worth $20 million in revenue slated for delivery before fiscal year-end; acceleration of golf cart market reach through a new partnership with a Vietnamese manufacturing partner for MVR4X six-seater models; and reporting positive fiscal year-end 2024 financial results with $19.2 million in working capital and a $9.4 million increase in net cash and cash equivalents.
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