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]

Core Insights - Massimo Motor has successfully ramped up production of its new T-Boss 560L and 760L models, which feature a fully enclosed cab with heaters, enhancing comfort and functionality in harsh winter conditions [8][9] - The company expects to increase assembly efficiency by 50% through the implementation of advanced robotic technology in its Garland, Texas facility, which will reduce manual handling, minimize labor, and enhance worker safety [11][12] Company Overview - Massimo Group, founded in 2009, is a manufacturer and distributor of powersports vehicles and pontoon boats, offering a wide selection of utility UTVs, recreational ATVs, and mini-bikes [10] - The company is also developing electric versions of UTVs, golf carts, and pontoon boats, indicating a commitment to innovation and sustainability [10] Production Enhancements - The new assembly line integrates an Automated Guided Robots (AGRs) conveyance system, replacing traditional fixed workstations with flexible, automated robots that improve manufacturing flow [6][11] - The enhancements to the production line are expected to significantly increase output and support the growing demand for Massimo's T-Boss line of UTVs [12]

Core Insights - Massimo Group has launched the MVR HVAC Golf Cart and MVR HVAC Utility Carts, featuring fully enclosed cabs with heating and air conditioning for year-round usability and comfort [1][8][9] - The new models are designed to meet the growing demand for electric low-speed vehicles in recreational and commercial markets, emphasizing quiet operation and advanced features [6][9] Product Features - The MVR HVAC model includes a powerful 48V 5kW motor, fully enclosed cab with HVAC, 12 inches of ground clearance, oversized 14-inch wheels, custom-stitched marine-grade vinyl seats, side mirrors, rearview camera, LEOCH sealed AGM batteries with a 45-mile range, full LED light package, and an 800-pound load capacity [3] - The MVR HVAC Utility model adds a large, heavy-duty metal dump bed, making it suitable for commercial applications such as ranches and farms [4][5] Market Positioning - Massimo Group aims to strengthen its market leadership in the electric vehicle segment through innovative, feature-rich products that cater to evolving customer needs [9] - The company has an extensive network of over 2,800 partners nationwide, enhancing product accessibility and positioning for sustained growth [10] Future Developments - Future releases of the MVR HVAC line are expected to include models powered by Lithium-Ion batteries, which will offer lighter weight, extended range, and improved performance [7]

Core Insights - Massimo Group has launched the MVR Series electric carts, including the MVR 2X Golf Cart and MVR Cargo Max Utility Cart, to meet the rising demand for eco-friendly low-speed electric vehicles (LSVs) for both recreational and professional use [1][9]. Product Features - The MVR 2X Golf Cart features a powerful 48V 5kW motor, 12 inches of ground clearance, oversized 23-inch all-terrain tires, a convertible rear-facing seat, custom-stitched marine-grade vinyl seats, LEOCH sealed AGM batteries with a range of up to 45 miles per charge, and an 800-pound load capacity [4][5]. - The MVR Cargo Max Utility Cart is designed for heavy-duty performance with a 48V 5kW motor, a 13+ cubic foot hydraulic dumping cargo bed, oversized 14-inch wheels, an 1100-pound load capacity, and LEOCH sealed AGM batteries providing up to 45 miles on a single charge [7][8]. Market Positioning - Massimo Group has an extensive network of over 2,800 partners nationwide, positioning the company to capture a significant share of the growing market for electric LSVs [2][10]. - The market for electric LSVs is projected to grow as consumers and businesses seek sustainable alternatives, and Massimo's competitive pricing and advanced features are expected to generate strong demand across key market segments [10]. Company Overview - Massimo Group, founded in 2009, manufactures and distributes powersports vehicles and pontoon boats, with a focus on innovative design and quality craftsmanship [11].

Core Insights - Massimo Group has launched the 2025 Buck 550-6 Crew UTV, setting a new standard in the six-seater UTV market for comfort, functionality, and affordability [1][2][5] Product Features - The Buck 550-6 Crew UTV features a compact and versatile design, catering to families and outdoor enthusiasts, with a low ground clearance for easy access [2][3] - It is priced at an MSRP of $11,999, making it the most affordable option in its class while addressing the demand for high-quality UTVs [3] - Key features include a 33 HP engine, upgraded GPS touchscreen navigation, four ABS half-doors for safety, aluminum alloy wheels with all-terrain tires, an independent suspension system, and a complete lighting system [4] Market Positioning - The vehicle is designed to meet the needs of a diverse consumer base, including older users, and aims to fill a gap in the market for lightweight, comfortable recreational vehicles [2][3] - Massimo Group emphasizes its commitment to innovation and quality, believing that the Buck 550-6 Crew will drive significant growth for the company [5] Company Overview - Massimo Group, founded in 2009, manufactures and distributes powersports vehicles and pontoon boats, with a focus on value-packed UTVs and innovative designs [5]

Expanded Massimo Lineup of UTVs, ATVs, Go-Karts, Golf Carts and Mini Bikes to be Available Online at Rural King's Website and in Select Stores Throughout 2025GARLAND, Texas, Nov. 18, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the expansion of its successful retail partnership with Rural King, a leading farm and home store with locations across the U.S. After an outstanding year offering Massimo Mot ...

Year-to-Date 2024 Revenue Increases 20.8% YoY to $91.2 Million New Production, Product and Sales Initiatives Driving Motor Vehicle GrowthGARLAND, Texas, Nov. 15, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, has reported its financial and operational results for the third quarter ended September 30, 2024.Key Financial Q3 2024 and Subsequent Operational Highlights and Business Updates ($ millions) Nine Month Compari ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41994 Massimo Group (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Nevada 92-0790263 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 3101 W Miller Road Garland, TX 75041 (Address of principal executive offices) (Zip Code) Title of each class Trading Symbol(s) Name of exchange on which registered Common stock, $0.001 par value MAMO The Nasdaq Stock Market LLC FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCH ...