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With the rollout of this new platform, Massimo anticipates a significant increase in its annual sales. GARLAND, Texas, April 2, 2025 /PRNewswire/ -- Massimo Motor (NASDAQ:MAMO), a leading U.S. manufacturer and distributor of powersports vehicles, today announced the official launch of its new online sales platform. This strategic initiative marks a significant milestone in Massimo's digital transformation, offering customers a seamless and efficient online shopping experience while positioning the company for robust sales growth in 2025 and beyond. The launch represents a pivo
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.
Massimo's participation in these vendor summits is not only about showcasing its lineup of UTVs, ATVs and outdoor equipment but also about listening and learning. GARLAND, Texas, March 5, 2025 /PRNewswire/ -- Massimo Motor (NASDAQ:MAMO), a manufacturer of powersports vehicles, continues to deepen its relationships with key retail partners through active engagement at major industry events. Last week, Massimo participated in the Rural King Vendor Summit in Mattoon, IL; this week, the company is attending the Tractor Supply Company & PetSense ASM and Partner Trade Show in Nashville, TN. These events serve as critical opportunities for Massimo to collaborate with store managers, district manage
GARLAND, Texas, Feb. 11, 2025 /PRNewswire/ -- Massimo Group (NASDAQ:MAMO) is proud to announce the transition of its MVR Golf Cart series production to its facility in Garland, Texas. By assembling these vehicles domestically, Massimo ensures stricter quality control while strategically positioning itself within the U.S. market. This move aligns with the company's commitment to delivering high-quality vehicles while adapting to the evolving trade landscape. Recently, U.S. trade regulators took action against unfair practices in the low-speed personal transportation vehicle market. A petition was filed highlighting how certain foreign manufacturers, benefiting fr
GARLAND, Texas, Jan. 23, 2025 /PRNewswire/ -- Massimo Group (NASDAQ:MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced that management will attend The Microcap Conference 2025 taking place January 28-30, 2025, Borgata Hotel Spa & Casino in Atlantic City, NJ. Massimo Chief Financial Officer, Dr. Yunhao Chen, will attend The Microcap Conference 2025 where she is scheduled to host one-on-one meetings with investors, and will host a live presentation during the event. For more information or to schedule a meeting with manag
GARLAND, Texas, Jan. 16, 2025 /PRNewswire/ -- Massimo Group (NASDAQ:MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, reviews highlights of the past year and shares upcoming priorities in a shareholder letter from CEO David Shan. Dear Shareholders, After the close of another remarkable year, I want to take this opportunity to reflect on our performance, the challenges we have faced, and the exciting opportunities that lie ahead. Industry Landscape and Challenges Massimo Group consists of two wholly-owned subsidiaries: Massimo Motor Sp
Midwest hub to support Massimo's robust network of partners and customers in the region GARLAND, Texas, Jan. 7, 2025 /PRNewswire/ -- Massimo Group (NASDAQ:MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announces the establishment of its sixth distribution center, located in Edwardsville, Illinois. This strategic addition is expected to further strengthen Massimo Motor's logistics network, enhancing its ability to efficiently serve partners and customers across the United States. The new Edwardsville distribution center is des
Expects to Increase Assembly Efficiency by 50%, Reducing Manual Handling, Minimizing Labor, and Enhancing Worker Safety GARLAND, Texas, Dec. 23, 2024 /PRNewswire/ -- Massimo Group (NASDAQ:MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the successful ramp-up of its new assembly line, featuring cutting-edge robotic technology designed to streamline production and enhance quality control. This investment reinforces Massimo's commitment to meeting the needs of both its customers and investors as the company prepares for an impactful 2025. The purpose-built assembly line at Massimo's Garland, Texas facility integrates an Automated Gui
Fully Enclosed Cabs Equipped with Heating and Air Conditioning Ensure Usability and Protection in all Weather Conditions GARLAND, Texas, Dec. 18, 2024 /PRNewswire/ -- Massimo Group (NASDAQ:MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of the MVR HVAC Golf Cart and MVR HVAC Utility Carts, the latest additions to the popular MVR Series of electric carts. Designed to deliver exceptional comfort and performance, these models feature fully enclosed cabs equipped with heating and air conditioning, ensuring usability and protection in all weather conditions. This marks the first release of the MVR HVAC and MVR HVAC Utility mo
Fully Integrated 30-foot Electric Pontoon Platform Designed for Commercial and Recreational Markets Showcases Commitment to Innovation and Sustainability GARLAND, Texas, Dec. 2, 2024 /PRNewswire/ -- Massimo Group (NASDAQ:MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the Company's marine division, Massimo Marine, entered into a partnership with Vision Marine Technologies Inc (NASDAQ:VMAR) ("Vision Marine"), a pioneer in electric marine propulsion. This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. As part of Vision Marine's strategic shift to offer
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