Massimo Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	126.35	115.04	86.53	82.57
Revenue Growth (YoY)	53.02%	32.95%	4.80%	-
Cost of Revenue	85.6	79.13	64.32	65.53
Gross Profit	40.75	35.91	22.2	17.04
Selling, General & Admin	24.37	22.99	17.6	12.67
Research & Development	0.16	-	-	-
Operating Expenses	24.53	22.99	17.6	12.67
Operating Income	16.21	12.92	4.61	4.37
Interest Expense	-0.5	-0.52	-0.83	-0.45
Other Non Operating Income (Expenses)	0.31	0.11	0.18	0.09
EBT Excluding Unusual Items	16.02	12.51	3.96	4
Other Unusual Items	-	-	-	0.71
Pretax Income	16.05	12.55	4.16	4.72
Income Tax Expense	3.01	2.13	-	-
Net Income	13.05	10.42	4.16	4.72
Net Income to Common	13.05	10.42	4.16	4.72
Net Income Growth	176.52%	150.27%	-11.81%	-
Shares Outstanding (Basic)	40	40	40	40
Shares Outstanding (Diluted)	40	40	40	40
EPS (Basic)	0.33	0.26	0.10	0.12
EPS (Diluted)	0.33	0.26	0.10	0.12
EPS Growth	176.52%	150.27%	-11.81%	-
Free Cash Flow	9.28	10.78	0.42	-1.54
Free Cash Flow Per Share	0.23	0.27	0.01	-0.04
Gross Margin	32.25%	31.22%	25.66%	20.64%
Operating Margin	12.83%	11.23%	5.32%	5.30%
Profit Margin	10.33%	9.05%	4.81%	5.71%
Free Cash Flow Margin	7.34%	9.37%	0.49%	-1.86%
EBITDA	16.41	13.12	4.79	4.55
EBITDA Margin	12.99%	11.40%	5.54%	5.51%
D&A For EBITDA	0.2	0.19	0.19	0.18
EBIT	16.21	12.92	4.61	4.37
EBIT Margin	12.83%	11.23%	5.32%	5.30%
Effective Tax Rate	18.72%	16.98%	-	-
Advertising Expenses	-	0.77	1.81	0.77

Source: S&P Capital IQ. Standard template.