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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	130.71	115.04	86.53	82.57
Revenue Growth (YoY)	30.14%	32.95%	4.80%	-
Cost of Revenue	89.67	79.13	64.32	65.53
Gross Profit	41.04	35.91	22.2	17.04
Selling, General & Admin	27.44	22.99	17.6	12.67
Operating Expenses	28.47	22.99	17.6	12.67
Operating Income	12.57	12.92	4.61	4.37
Interest Expense	-0.29	-0.52	-0.83	-0.45
Other Non Operating Income (Expenses)	0.59	0.11	0.18	0.09
EBT Excluding Unusual Items	12.86	12.51	3.96	4
Other Unusual Items	-	-	-	0.71
Pretax Income	9.32	12.55	4.16	4.72
Income Tax Expense	1.99	2.13	-	-
Net Income	7.33	10.42	4.16	4.72
Net Income to Common	7.33	10.42	4.16	4.72
Net Income Growth	-2.22%	150.27%	-11.81%	-
Shares Outstanding (Basic)	41	40	40	40
Shares Outstanding (Diluted)	41	40	40	40
Shares Change (YoY)	1.89%	-	-	-
EPS (Basic)	0.18	0.26	0.10	0.12
EPS (Diluted)	0.18	0.26	0.10	0.12
EPS Growth	-1.41%	150.27%	-11.81%	-
Free Cash Flow	2.25	10.78	0.42	-1.54
Free Cash Flow Per Share	0.06	0.27	0.01	-0.04
Gross Margin	31.40%	31.22%	25.66%	20.64%
Operating Margin	9.61%	11.23%	5.32%	5.30%
Profit Margin	5.61%	9.05%	4.81%	5.71%
Free Cash Flow Margin	1.72%	9.37%	0.49%	-1.86%
EBITDA	12.75	13.12	4.79	4.55
EBITDA Margin	9.75%	11.40%	5.54%	5.51%
D&A For EBITDA	0.18	0.19	0.19	0.18
EBIT	12.57	12.92	4.61	4.37
EBIT Margin	9.61%	11.23%	5.32%	5.30%
Effective Tax Rate	21.32%	16.98%	-	-
Advertising Expenses	-	0.77	1.81	0.77

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