Massimo Group (MAMO)

Massimo Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	95.96	111.21	115.04	86.53	82.57
Revenue Growth (YoY)	-24.05%	-3.33%	32.95%	4.80%	-
Cost of Revenue	67.84	76.87	79.13	64.32	65.53
Gross Profit	28.12	34.34	35.91	22.2	17.04
Selling, General & Admin	26.69	26.92	22.99	17.6	12.67
Research & Development	1.02	0.34	-	-	-
Operating Expenses	27.71	27.26	22.99	17.6	12.67
Operating Income	0.41	7.08	12.92	4.61	4.37
Interest Expense	-	-0.1	-0.52	-0.83	-0.45
Other Non Operating Income (Expenses)	0.87	1.04	0.04	0.18	0.09
EBT Excluding Unusual Items	1.31	8.02	12.45	3.96	4
Legal Settlements	-3.65	-3.65	-	-	-
Other Unusual Items	-0.3	-0.3	-	-	0.71
Pretax Income	-2.53	4.18	12.55	4.16	4.72
Income Tax Expense	-0.42	1.02	2.13	-	-
Net Income	-2.12	3.15	10.42	4.16	4.72
Net Income to Common	-2.12	3.15	10.42	4.16	4.72
Net Income Growth	-	-69.72%	150.27%	-11.81%	-
Shares Outstanding (Basic)	41	41	40	40	40
Shares Outstanding (Diluted)	41	41	40	40	40
Shares Change (YoY)	3.49%	2.90%	-	-	-
EPS (Basic)	-0.05	0.08	0.26	0.10	0.12
EPS (Diluted)	-0.05	0.08	0.26	0.10	0.12
EPS Growth	-	-70.42%	149.90%	-11.81%	-
Free Cash Flow	3.69	6.28	10.77	0.42	-1.54
Free Cash Flow Per Share	0.09	0.15	0.27	0.01	-0.04
Gross Margin	29.30%	30.88%	31.22%	25.66%	20.64%
Operating Margin	0.42%	6.37%	11.23%	5.32%	5.30%
Profit Margin	-2.21%	2.84%	9.05%	4.81%	5.71%
Free Cash Flow Margin	3.84%	5.65%	9.36%	0.49%	-1.86%
EBITDA	0.58	7.26	13.12	4.79	4.55
EBITDA Margin	0.60%	6.53%	11.40%	5.54%	5.51%
D&A For EBITDA	0.17	0.17	0.19	0.19	0.18
EBIT	0.41	7.08	12.92	4.61	4.37
EBIT Margin	0.42%	6.37%	11.23%	5.32%	5.30%
Effective Tax Rate	-	24.52%	16.98%	-	-
Advertising Expenses	-	0.57	0.77	1.81	0.77

Updated Mar 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q