Massimo Group (NASDAQ: MAMO), reported $107.5 million in revenue for fiscal 2024, up 4% from the previous year, driven by expanded UTV, ATV and e-bike sales through large U.S. retailers. The company ended the year with $19.2 million in working capital and a $9.4 million boost in cash. Operational highlights included relocating golf cart production to its Garland, Texas facility, launching a robotic assembly line and enhancing its national distribution network. Looking ahead, Massimo plans to enter the AI space by distributing robotic companions and utility assistants, broadening its reach beyond traditional powersports.
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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 mini-bikes. Founded in 2020, Massimo Marine manufacturers 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. 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 .
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