Massimo Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021
Revenue	115.04	86.53	82.57
Revenue Growth (YoY)	32.95%	4.80%	-
Cost of Revenue	79.13	64.32	65.53
Gross Profit	35.91	22.2	17.04
Selling, General & Admin	22.99	17.6	12.67
Operating Expenses	22.99	17.6	12.67
Operating Income	12.92	4.61	4.37
Interest Expense / Income	0.52	0.83	0.45
Other Expense / Income	-2.27	-1.26	-0.8
Pretax Income	14.67	5.04	4.72
Income Tax	4.26	0.87	0
Net Income	10.42	4.16	4.72
Net Income Growth	150.27%	-11.81%	-
Shares Outstanding (Basic)	40	40	40
Shares Outstanding (Diluted)	40	40	40
EPS (Basic)	0.26	0.08	-
EPS (Diluted)	0.26	0.08	-
EPS Growth	225.00%	-	-
Free Cash Flow	10.79	0.42	-1.54
Free Cash Flow Per Share	0.27	0.01	-0.04
Gross Margin	31.22%	25.66%	20.64%
Operating Margin	11.23%	5.32%	5.30%
Profit Margin	9.05%	4.81%	5.71%
Free Cash Flow Margin	9.38%	0.49%	-1.86%
Effective Tax Rate	29.03%	17.36%	-
EBITDA	16.36	6.75	5.91
EBITDA Margin	14.22%	7.80%	7.16%
Depreciation & Amortization	1.17	0.88	0.74
EBIT	15.19	5.86	5.17
EBIT Margin	13.21%	6.78%	6.26%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).