Massimo Group (MAMO)

Massimo Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	135.02	115.04	86.53	82.57
Revenue Growth (YoY)	56.04%	32.95%	4.80%	-
Cost of Revenue	90.87	79.13	64.32	65.53
Gross Profit	44.14	35.91	22.2	17.04
Selling, General & Admin	25.74	22.99	17.6	12.67
Operating Expenses	25.9	22.99	17.6	12.67
Operating Income	18.24	12.92	4.61	4.37
Interest Expense	-0.44	-0.52	-0.83	-0.45
Other Non Operating Income (Expenses)	0.42	0.11	0.18	0.09
EBT Excluding Unusual Items	18.21	12.51	3.96	4
Other Unusual Items	-	-	-	0.71
Pretax Income	17.5	12.55	4.16	4.72
Income Tax Expense	3.71	2.13	-	-
Net Income	13.79	10.42	4.16	4.72
Net Income to Common	13.79	10.42	4.16	4.72
Net Income Growth	231.36%	150.27%	-11.81%	-
Shares Outstanding (Basic)	40	40	40	40
Shares Outstanding (Diluted)	40	40	40	40
Shares Change (YoY)	0.87%	-	-	-
EPS (Basic)	0.34	0.26	0.10	0.12
EPS (Diluted)	0.34	0.26	0.10	0.12
EPS Growth	226.83%	150.27%	-11.81%	-
Free Cash Flow	0.61	10.78	0.42	-1.54
Free Cash Flow Per Share	0.02	0.27	0.01	-0.04
Gross Margin	32.69%	31.22%	25.66%	20.64%
Operating Margin	13.51%	11.23%	5.32%	5.30%
Profit Margin	10.21%	9.05%	4.81%	5.71%
Free Cash Flow Margin	0.45%	9.37%	0.49%	-1.86%
EBITDA	18.43	13.12	4.79	4.55
EBITDA Margin	13.65%	11.40%	5.54%	5.51%
D&A For EBITDA	0.19	0.19	0.19	0.18
EBIT	18.24	12.92	4.61	4.37
EBIT Margin	13.51%	11.23%	5.32%	5.30%
Effective Tax Rate	21.22%	16.98%	-	-
Advertising Expenses	-	0.77	1.81	0.77

Source: S&P Capital IQ. Standard template. Financial Sources.