Financial Snapshot

Revenue
$130.7M
TTM
Gross Margin
31.25%
TTM
Net Earnings
$7.330M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
171.57%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$22.54M
Q3 2024
Cash
Q3 2024
P/E
16.43
Nov 29, 2024 EST
Free Cash Flow
-$2.383M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $115.0M $86.53M $82.57M
YoY Change 32.95% 4.8%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $115.0M $86.53M $82.57M
Cost Of Revenue $79.13M $64.32M $65.53M
Gross Profit $35.91M $22.20M $17.04M
Gross Profit Margin 31.22% 25.66% 20.64%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $22.99M $17.60M $12.67M
YoY Change 30.62% 38.92%
% of Gross Profit 64.01% 79.26% 74.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $151.5K $146.7K $175.4K
YoY Change 3.31% -16.39%
% of Gross Profit 0.42% 0.66% 1.03%
Operating Expenses $22.99M $17.60M $12.67M
YoY Change 30.62% 38.92%
Operating Profit $12.92M $4.605M $4.373M
YoY Change 180.63% 5.31%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense $518.7K $828.0K -$454.1K
YoY Change -37.35% -282.35%
% of Operating Profit 4.01% 17.98% -10.38%
Other Income/Expense, Net -$377.9K -$443.4K $800.0K
YoY Change -14.78% -155.43%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income $12.55M $4.162M $4.719M
YoY Change 201.45% -11.81%
Income Tax $2.130M $0.00
% Of Pretax Income 16.98% 0.0%
Net Earnings $10.42M $4.162M $4.719M
YoY Change 150.27% -11.81%
Net Earnings / Revenue 9.05% 4.81% 5.71%
Basic Earnings Per Share $0.26
Diluted Earnings Per Share $0.26 $0.10 $0.11

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $765.8K $948.0K $1.289M
YoY Change -19.22% -26.45%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $2.188M $3.049M $2.396M
YoY Change -28.23% 27.23%
Inventory $25.80M $23.76M $22.32M
Prepaid Expenses
Receivables $9.566M $6.832M $7.829M
Other Receivables $39.02K $0.00 $0.00
Total Short-Term Assets $38.36M $34.59M $33.83M
YoY Change 10.9% 2.24%
Property, Plant & Equipment $1.992M $1.849M $2.281M
YoY Change 7.69% -18.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.592M $421.8K $0.00
YoY Change 277.37%
Total Long-Term Assets $3.583M $2.271M $2.281M
YoY Change 57.77% -0.42%
Total Assets $41.94M $36.86M $36.11M
YoY Change
Accounts Payable $12.68M $11.11M $12.26M
YoY Change 14.1% -9.39%
Accrued Expenses $1.750M $1.864M $2.689M
YoY Change -6.13% -30.68%
Deferred Revenue
YoY Change
Short-Term Debt $303.6K $5.600M $4.000M
YoY Change -94.58% 40.0%
Long-Term Debt Due $41.65K $27.56K $38.49K
YoY Change 51.12% -28.4%
Total Short-Term Liabilities $18.83M $31.13M $22.00M
YoY Change -39.52% 41.52%
Long-Term Debt $7.997M $70.31K $97.87K
YoY Change 11274.16% -28.16%
Other Long-Term Liabilities $630.9K $589.3K $1.107M
YoY Change 7.05% -46.78%
Total Long-Term Liabilities $8.628M $659.6K $1.205M
YoY Change 1207.99% -45.27%
Total Liabilities $27.46M $31.79M $23.20M
YoY Change -13.64% 37.01%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding 40.00M shares
Diluted Shares Outstanding 40.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $120.43 Million

About Massimo Group

Massimo Group is an emerging growth company, which engages in the business of manufacturing and selling a wide selection of farm and ranch tested utility terrain vehicles, recreational all-terrain vehicles, and pontoon and tritoon boats. The company is headquartered in Garland, Texas and currently employs 126 full-time employees. The company went IPO on 2024-04-02. The firm manufactures, imports and distributes a diversified portfolio of products divided into two main lines: a motor sports brand consisting of utility terrain vehicles, all-terrain vehicles, motorcycles, scooters, golf carts and a juvenile line from go karts to balance bikes and a motorboat line consisting of pontoon and tritoon boats (Pontoon Boats). The company is also focused on developing new product lines, such as electric vehicle chargers, portable solar panels, electric coolers, power stations and electric Pontoon Boats. In addition to distributing its products, it intends to provide unparalleled customer service through a network, including over 600 motor vehicles and 5,500 marine third-party service providers across the United States, 24-hour customer support and an over 40,000 square foot parts facility. Its products are sold directly by it, in the e-commerce marketplace, and through a network of dealerships, distributors and chain stores.

Industry: Miscellaneous Transportation Equipment Peers: Arcimoto Inc HARLEY-DAVIDSON, INC. LiveWire Group, Inc. Volcon, Inc.