Core Insights - Massimo Group is transitioning to a nearshoring manufacturing model to address global supply chain volatility and tariff pressures [1][2] - The initiative aims to reduce shipping risks, improve lead times, and enhance quality assurance and inventory management [2][3] - This strategic move is expected to improve gross margins, enhance working capital efficiency, and protect shareholder value [2][3] Manufacturing Strategy - The company is diversifying its manufacturing footprint beyond East Asia to establish production capabilities closer to North American markets [1][2] - New manufacturing locations will be developed in regions with skilled labor, favorable trade agreements, and alignment with U.S. quality standards [3] Operational Goals - By relocating production closer to end markets, Massimo aims to reduce reliance on long-haul container shipping and global ports [6] - The company seeks to improve fulfillment velocity across its dealer network and elevate ESG performance by reducing its carbon footprint [6] - There is an emphasis on accelerating the rollout of modular vehicle platforms and smart system integration [6] Market Positioning - The initiative positions Massimo to meet the growing demand for next-generation electric and climate-controlled powersports vehicles, including advanced UTVs and ATVs [3][4] - This transformation reflects a broader commitment to sustainable growth, innovation leadership, and strategic adaptability amid shifting global dynamics [4]

PART I. FINANCIAL INFORMATION This section details the company's unaudited financial statements, management's analysis, and internal controls [Item 1. Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) This section presents Massimo Group's unaudited Q1 2025 financial statements, showing decreased assets, revenue decline, and a net loss [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$46.4 million** by March 31, 2025, driven by reduced cash and liabilities, leading to lower equity Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $844 | $10,210 | | Inventories, net | $24,386 | $27,259 | | Total current assets | $35,096 | $43,623 | | **Total Assets** | **$46,350** | **$54,890** | | **Liabilities & Equity** | | | | Accounts payable | $5,729 | $9,572 | | Loan from a related party | $2,530 | $5,547 | | Total current liabilities | $19,564 | $25,739 | | **Total Liabilities** | **$26,448** | **$33,185** | | **Total Equity** | **$19,902** | **$21,704** | [Condensed Consolidated Statement of Operations](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Operations) Q1 2025 revenues declined **50.6%** to **$14.9 million**, resulting in a **$2.1 million** net loss compared to prior year's net income Q1 2025 vs Q1 2024 Performance (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Revenues | $14,902 | $30,152 | | Gross Profit | $4,225 | $10,451 | | Total Operating Expenses | $6,931 | $6,480 | | (Loss) Income from Operations | ($2,706) | $3,972 | | Net (Loss) Income | ($2,089) | $3,181 | | (Loss) Earnings per Share | ($0.05) | $0.08 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash decreased by **$9.4 million** in Q1 2025 due to increased cash usage in operations, investing, and financing activities Cash Flow Summary for the Three Months Ended March 31 (in thousands) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | ($3,339) | ($637) | | Net cash (used in) provided by investing activities | ($3,000) | $24 | | Net cash (used in) provided by financing activities | ($3,027) | $55 | | **Net decrease in cash and cash equivalents** | **($9,366)** | **($559)** | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Detailed notes cover accounting policies, IPO impact, revenue recognition, significant customer concentration, related party transactions, and legal contingencies - The company completed its IPO on April 4, 2024, raising approximately **$5.0 million** in net proceeds[27](index=27&type=chunk)[115](index=115&type=chunk) - Revenue is disaggregated into two main product categories: 'UTVs, ATVs and e-bikes' and 'Pontoon Boats'[52](index=52&type=chunk) - Significant customer concentration exists, with one customer representing **64%** of total revenues for the three months ended March 31, 2025[71](index=71&type=chunk) - The company has two ongoing significant legal proceedings: one with Taizhou Nebula Power Co. Ltd. regarding a **$2.3 million** claim, and another with Zhejiang Qunying Vehicle Co., Ltd. for an alleged **$6.0 million** in damages[132](index=132&type=chunk)[133](index=133&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.](index=35&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses Q1 2025's **50.6%** revenue decline, gross margin contraction, net loss, and liquidity challenges, citing economic factors and trade tensions [Results of Operations](index=37&type=section&id=Results%20of%20Operations) Q1 2025 revenues dropped **50.6%** to **$14.9 million** due to reduced orders, leading to a gross margin contraction and pre-tax loss Revenue by Category (in millions) | Revenue Category | Q1 2025 | Q1 2024 | Change (%) | | :--- | :--- | :--- | :--- | | UTVs, ATVs and e-bikes | $15.4 | $28.7 | (46.2)% | | Pontoon Boats | $0.5 | $1.5 | (64.7)% | | **Total Revenue** | **$14.9** | **$30.2** | **(50.6)%** | - The decrease in revenue was primarily due to the contraction of the U.S. economy, reduced consumer spending, and uncertainty surrounding tariffs causing major big-box customers to reduce their orders[153](index=153&type=chunk) - Gross margin decreased from **34.7%** to **28.4%**, mainly due to an increase in freight absorbed in cost of sales[160](index=160&type=chunk) - General and administrative expenses increased by **2.7%** due to higher salaries, insurance, and professional fees related to being a public company[166](index=166&type=chunk) [Liquidity and Capital Resources](index=41&type=section&id=Liquidity%20and%20Capital%20Resources) Working capital was **$15.5 million**, but cash significantly decreased to **$0.8 million** due to operational and financing outflows - Working capital was **$15.5 million** as of March 31, 2025, with current assets of **$35.1 million** and current liabilities of **$19.6 million**[181](index=181&type=chunk) - Net cash used in financing activities was approximately **$3.0 million** in Q1 2025, primarily due to a repayment of a shareholder loan[178](index=178&type=chunk) - Management is confident it can support operational needs for the next 12 months by utilizing cash flows generated from operating activities[182](index=182&type=chunk) [Critical Accounting Policies and Estimates](index=43&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) Key accounting estimates include sales returns, warranty provisions, credit losses, inventory obsolescence, and contingent liabilities - Key accounting estimates include sales returns, product warranty, allowance for credit loss, inventory provision, and contingent liabilities[188](index=188&type=chunk) Key Liability & Provision Balances (as of March 31, 2025) | Account | Balance | | :--- | :--- | | Sales Return Liabilities | $99,605 | | Warranty Liabilities | $386,798 | | Allowance for Credit Loss | ~$0.4 million | | Inventory Provision | $469,900 | [Item 3. Quantitative and Qualitative Disclosures About Market Risk.](index=45&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company is exempt from market risk disclosures as it qualifies as a smaller reporting company - The company is exempt from this disclosure requirement as it qualifies as a smaller reporting company[196](index=196&type=chunk) [Item 4. Controls and Procedures.](index=45&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management identified a material weakness in disclosure controls and procedures, with remediation plans underway to enhance financial reporting processes - Management concluded that a material weakness existed in disclosure controls and procedures as of the end of the period[199](index=199&type=chunk) - The material weakness is related to ineffective controls over information and communication, and period-end financial disclosure and reporting processes[199](index=199&type=chunk) - Remediation plans are in process, focusing on implementing new approval procedures, additional monitoring controls, and improving communication between sales and accounting departments[200](index=200&type=chunk)[203](index=203&type=chunk) PART II. OTHER INFORMATION This section provides details on legal proceedings, risk factors, equity sales, defaults, and other miscellaneous disclosures [Item 1. Legal Proceedings.](index=47&type=section&id=Item%201.%20Legal%20Proceedings.) The company is involved in two significant lawsuits, including a **$2.3 million** claim under appeal and a **$6.0 million** claim scheduled for trial - Taizhou Nebula Power Co. Ltd. v. Massimo Motor Sports, LLC: Nebula claims **$2.34 million** for products shipped from 2017-2019. A judgment was entered for Nebula, and Massimo is appealing[205](index=205&type=chunk) - Zhejiang Qunying Vehicle Co., Ltd. v. Cho International, Inc: Zhejiang claims approximately **$6.0 million** in damages. The trial is scheduled for March 2026, and Massimo intends to vigorously defend the lawsuit[206](index=206&type=chunk) [Item 1A. Risk Factors.](index=47&type=section&id=Item%201A.%20Risk%20Factors.) No material changes to risk factors have occurred since the last Annual Report on Form 10-K/A filing - No material changes to risk factors have occurred since the last Annual Report on Form 10-K/A was filed[208](index=208&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.](index=47&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) The company reported no unregistered sales of equity securities during the period - None[210](index=210&type=chunk) [Item 3. Defaults Upon Senior Securities.](index=47&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) The company reported no defaults upon senior securities - None[211](index=211&type=chunk) [Item 4. Mine Safety Disclosures.](index=47&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) This item is not applicable to the company - Not applicable[212](index=212&type=chunk) [Item 5. Other Information.](index=47&type=section&id=Item%205.%20Other%20Information.) No directors or officers adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter - No directors or officers adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter[213](index=213&type=chunk) [Item 6. Exhibits.](index=49&type=section&id=Item%206.%20Exhibits.) This section lists exhibits filed with Form 10-Q, including officer certifications and Inline XBRL data files

Dr. Yunhao Chen will join SEC Commissioners and other thought leaders in the annual forum focused on financial reporting and capital raising policies affecting small businesses.GARLAND, Texas, April 9, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announces that Dr. Yunhao Chen, the Chief Financial Officer of Massimo, will participate in a panel discussion on Thursday, April 10, 2025, at the Sec ...

Massimo Group Fiscal Year 2024 Financial Results [Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) Massimo Group achieved a 4.0% revenue increase in core powersports to $107.5 million, with $19.2 million working capital and $9.4 million net cash increase, alongside operational advancements and AI robotic product expansion Financial Highlights (USD) | Metric | FY 2024 | FY 2023 | Change | | :--- | :--- | :--- | :--- | | UTVs, ATVs, E-bikes Revenue | $107.5 million | $103.3 million | +$4.1M (+4.0%) | | Working Capital (as of Dec 31) | $19.2 million | N/A | N/A | | Net Increase in Cash | $9.4 million | N/A | N/A | - The revenue growth was primarily driven by expanding product sales into large U.S. retail stores and a strategic shift in the company's sales approach[2](index=2&type=chunk) - Operational highlights for the year include: - Relocating MVR Golf Cart production to its Garland, Texas facility - Installing a new robotic assembly line to boost efficiency and quality control - Expanding the nationwide distribution network to six strategic centers[3](index=3&type=chunk) - The company announced plans to expand into AI Application Robotic Products, partnering with manufacturers to distribute AI-powered companions and utility assistants[3](index=3&type=chunk) [Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) Consolidated financial statements for FY2024 show total assets increased to $56.7 million, but overall revenue slightly decreased to $111.2 million, leading to a net income drop to $3.15 million due to higher expenses and a litigation loss [Consolidated Balance Sheets](index=2&type=section&id=MASSIMO%20GROUP%20AND%20SUBSIDIARIES%20CONSOLIDATED%20BALANCE%20SHEETS) As of December 31, 2024, total assets grew to $56.7 million from $41.9 million in 2023, driven by a significant increase in cash and cash equivalents to $10.2 million, while total liabilities rose to $33.6 million and total equity increased to $23.1 million Consolidated Balance Sheet Items (USD) | Balance Sheet Items | 2024 | 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $10,210,084 | $765,814 | | Total current assets | $45,385,846 | $38,360,008 | | Total Assets | $56,691,756 | $41,943,479 | | **Liabilities & Equity** | | | | Total current liabilities | $26,148,843 | $18,827,655 | | Total Liabilities | $33,595,138 | $27,455,673 | | Total Equity | $23,096,618 | $14,487,806 | [Consolidated Statement of Operations](index=3&type=section&id=MASSIMO%20GROUP%20AND%20SUBSIDIARIES%20CONSOLIDATED%20STATEMENT%20OF%20OPERATIONS%20AND%20COMPREHENSIVE%20INCOME) For the fiscal year 2024, total revenues decreased slightly to $111.2 million from $115.0 million in 2023, with a significant increase in operating expenses leading to a sharp decline in net income to $3.15 million and EPS falling to $0.08 Consolidated Income Statement Items (USD) | Income Statement Items | 2024 | 2023 | | :--- | :--- | :--- | | Revenues | $111,209,142 | $115,037,544 | | Gross profit | $34,343,339 | $35,911,090 | | Income from operations | $6,811,991 | $12,922,894 | | Net income | $3,154,207 | $10,415,225 | | Earnings per Share (basic) | $0.08 | $0.26 | - Operating expenses increased to **$27.5 million** from **$23.0 million**, driven by higher General and Administrative costs, a new **$0.77 million** impairment charge, and a **$3.6 million** loss on litigation[6](index=6&type=chunk) [Consolidated Statements of Cash Flows](index=4&type=section&id=MASSIMO%20GROUP%20AND%20SUBSIDIARIES%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) The company generated $6.7 million in net cash from operating activities in 2024, with financing activities providing $3.0 million, resulting in a net cash increase of $9.4 million and ending with a cash balance of $10.2 million Consolidated Cash Flow Items (USD) | Cash Flow Items | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $6,672,278 | $10,905,544 | | Net cash used in investing activities | ($225,875) | ($121,162) | | Net cash provided by (used in) financing activities | $2,997,867 | ($10,966,539) | | **Net increase (decrease) in cash** | **$9,444,270** | **($182,157)** | | **Cash and cash equivalents, end of year** | **$10,210,084** | **$765,814** | - Financing activities in 2024 were significantly impacted by **$5.04 million** in net proceeds from the company's initial public offering[8](index=8&type=chunk) [Company Information](index=6&type=section&id=About%20Massimo%20Group%20and%20Forward-Looking%20Statements) Massimo Group, founded in 2009 and headquartered in Garland, Texas, manufactures and distributes powersports vehicles and pontoon boats, while also developing electric versions of its products, with the report including standard forward-looking statements - Massimo Group manufactures and distributes a range of powersports vehicles (UTVs, ATVs) and pontoon boats, and is developing electric versions of UTVs, golf carts, and boats[10](index=10&type=chunk) - The report contains forward-looking statements regarding future operations, financial results, and business plans, which are subject to risks and uncertainties and are not guarantees of future performance[11](index=11&type=chunk)

Revenue Performance - Total revenue decreased by $3.8 million, or 3.3%, from $115.0 million in fiscal 2023 to $111.2 million in fiscal 2024[244]. - Revenue from UTVs, ATVs, and e-bikes increased by $4.1 million, or 4.0%, from $103.3 million in fiscal 2023 to $107.5 million in fiscal 2024, representing 96.6% of total revenue in 2024[247]. - Revenue from sales of Pontoon Boats decreased by $7.9 million, or 68.0%, from $11.7 million in fiscal 2023 to $3.8 million in fiscal 2024, representing 3.4% of total revenue in 2024[248]. Profitability - Gross profit decreased by $1.6 million, or 4.4%, from $35.9 million in fiscal 2023 to $34.3 million in fiscal 2024, with a gross margin of 30.9% in 2024[249]. - Income from operations decreased by $6.1 million, or 47.3%, from $12.92 million in fiscal 2023 to $6.81 million in fiscal 2024[242]. - Net income decreased by $7.26 million, or 69.7%, from $10.42 million in fiscal 2023 to $3.15 million in fiscal 2024[242]. Operating Expenses - Operating expenses increased by $4.5 million, or 19.8%, from $22.99 million in fiscal 2023 to $27.53 million in fiscal 2024[242]. - General and administrative expenses increased by $3.4 million, or 25.6%, from $13.2 million in fiscal 2023 to $16.6 million in fiscal 2024, representing 14.9% of total revenue[254]. Cash Flow and Financing - Net cash provided by operating activities was approximately $6.7 million in fiscal 2024, a decrease of $4.2 million compared to fiscal 2023[265]. - Net cash provided by financing activities was approximately $3.0 million in fiscal 2024, compared to net cash used of approximately $11.0 million in fiscal 2023, primarily due to net proceeds from IPO[266]. - As of December 31, 2024, the company had cash and cash equivalents of approximately $10.2 million and positive working capital of $19.2 million[270]. Legal and Other Liabilities - The company recorded a one-time loss of approximately $3.6 million on legal judgment related to a lawsuit, bringing total accrual related to this lawsuit to approximately $6.0 million[259]. - The company recorded an additional accrual of $3,645,092 related to a lawsuit, bringing the total accrual to approximately $5,988,961 as of December 31, 2024[287]. - Warranty liabilities decreased from $619,113 in 2023 to $503,553 in 2024, with warranty expenses of $1,274,037 in 2024 compared to $1,924,203 in 2023[282]. Inventory and Provisions - Inventory provision increased slightly from $439,900 in 2023 to $469,900 in 2024, with impairment provision of $30,000 in 2024 compared to $439,900 in 2023[285]. - The allowance for credit loss was recorded at $0.5 million for 2024, down from $0.6 million in 2023[284]. - Sales return liabilities were recorded at $261,588 for 2024, down from $283,276 in 2023, with sales returns of $1,061,694 and $3,355,112 for the respective years[281]. Business Strategy and Risks - The company expanded its distribution network through large retail stores in the U.S., focusing on in-store sales to enhance market penetration[244]. - The company is facing risks from intense competition, economic changes in China, and fluctuations in raw material costs, which could adversely affect its financial condition[240][241]. - The company has initiated research and development expenses amounting to $343,493 in fiscal 2024, reflecting a focus on innovation[242]. Capital Expenditures - Capital expenditures for Fiscal 2024 amounted to approximately $387,876, a substantial increase from $134,662 in 2023, reflecting business growth[276]. - The company's lease commitments total $11,549,277, with $2,904,205 due within one year[277]. Other Income - Other income increased by $1.0 million, or 688.6%, from $0.1 million in fiscal 2023 to $1.1 million in fiscal 2024, primarily due to write-offs and additional insurance claims[261]. Debt and Loans - As of December 31, 2024, the total loan balance was $0, compared to $303,583 in 2023, indicating a significant reduction in outstanding loans[272][275]. - There were no off-balance sheet arrangements that could materially affect the financial condition or results of operations for the years ended December 31, 2024 and 2023[278].

Core Viewpoint - Massimo Motor is actively engaging with retail partners through participation in industry events to enhance relationships and gain insights into customer preferences and market trends [1][2][4]. Company Engagement - Massimo Motor participated in the Rural King Vendor Summit and is attending the Tractor Supply Company & PetSense ASM and Partner Trade Show, which are critical for collaboration with retail partners [1][2]. - The company emphasizes the importance of listening and learning from retail partners to refine product offerings and meet customer expectations [2][3]. Market Positioning - The shared customer base between Massimo, Rural King, and Tractor Supply focuses on practicality, value, and high-quality equipment, reinforcing Massimo's commitment to serving farmers, ranchers, and outdoor enthusiasts [3][4]. - Massimo's proactive approach to market expansion and strategic growth is highlighted by strengthening partnerships with established retail leaders, ensuring competitive and accessible products [4]. Product Focus - Massimo Motor specializes in manufacturing UTVs, ATVs, and outdoor equipment, aiming to deliver high-performance, durable, and affordable solutions tailored for rural communities and outdoor enthusiasts [5].

Company Overview - Massimo Group (NASDAQ: MAMO) is transitioning the production of its MVR Golf Cart series to its facility in Garland, Texas, to enhance quality control and strengthen its position in the U.S. market [1] - The company manufactures and distributes powersports vehicles and pontoon boats, with a focus on high-quality and innovative designs [5] Industry Context - U.S. trade regulators have taken action against unfair practices in the low-speed personal transportation vehicle market, imposing countervailing duties and antidumping tariffs ranging from 149% to 500% on certain foreign manufacturers [2] - This regulatory environment has prompted Massimo to shift production domestically, addressing trade challenges while maintaining high manufacturing standards [3] Strategic Initiatives - By relocating production to the U.S., Massimo aims to reinforce its supply chain and enhance quality assurance, positioning itself competitively in the market [4] - The company is also exploring strategic partnerships in Vietnam to diversify its supply chain and mitigate potential cost increases from tariffs affecting imports from China [3]

Company Overview - Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats, founded in 2009 and 2020 respectively [3] - The company offers a range of products including utility UTVs, recreational ATVs, and minibikes, as well as pontoon and Tritoon boats [3] - Massimo is also developing electric versions of UTVs, golf carts, and pontoon boats [3] - The company's manufacturing facility spans 376,000 square feet and is located in Garland, Texas [3] Upcoming Events - Massimo's Chief Financial Officer, Dr. Yunhao Chen, will attend The Microcap Conference 2025 from January 28-30, 2025, at Borgata Hotel Spa & Casino in Atlantic City, NJ [1][2] - Dr. Chen is scheduled to host one-on-one meetings with investors and deliver a live presentation during the event [2]

Company Overview - Massimo Group is a manufacturer and distributor of powersports vehicles and pontoon boats, consisting of two wholly-owned subsidiaries: Massimo Motor Sports and Massimo Marine [1][12] - The company is committed to innovation, customer-centric strategies, and sustainable growth to navigate the evolving market landscape [6][10] Industry Landscape and Challenges - The powersports vehicle and marine industries have faced significant challenges, including market downturns and a push toward electrification, leading to profit margins as low as 2%-3% for some competitors [2][4] - Despite these challenges, Massimo Group has demonstrated resilience and innovation, positioning itself as an industry frontrunner [3][5] Performance Highlights - Massimo Motor Sports achieved strong year-over-year sales growth that is expected to outpace the industry average, while many competitors struggled to maintain profitability [4][8] - The company’s focus on high-quality products, operational efficiency, and customer satisfaction has solidified its position as a trusted name in the industry [5][8] Future Plans - Massimo Group plans to launch new market-driven products, including all-weather vehicles in 2025, to meet the increasing demand for electrification and sustainability [9] - The company aims to enhance operational efficiency by expanding distribution centers to enable faster shipping and reduce transportation costs [9] - Plans include expanding into new markets, exploring innovative opportunities such as low-altitude flying vehicles, and establishing a dedicated R&D department to drive product innovation [9][10] Commitment to Shareholder Value - Delivering value to shareholders is a cornerstone of Massimo Group's strategy, with a focus on creating sustainable, long-term value through transparency, innovation, and strategic growth [11]

Core Insights - Massimo Group has established its sixth distribution center in Edwardsville, Illinois, aimed at enhancing its logistics network and service capabilities across the United States [1][2][3] - The new facility is expected to create logistical efficiencies, reducing fulfillment times and optimizing expenses for both the company and its partners [2][5] - The nationwide distribution network now includes six strategically located centers, which will assist in delivering products faster and more efficiently to meet growing demand [3][4] Company Overview - Massimo Group, founded in 2009, manufactures and distributes powersports vehicles and pontoon boats, with a focus on value-packed utility vehicles [6] - The company is also developing electric versions of UTVs, golf carts, and pontoon boats, showcasing its commitment to innovation [6] - Massimo's factory spans 376,000 square feet and is located in Garland, Texas, emphasizing its operational scale and capacity [6]