Massimo Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	111.21	115.04	86.53	82.57
Revenue Growth (YoY)	-3.33%	32.95%	4.80%	-
Cost of Revenue	76.87	79.13	64.32	65.53
Gross Profit	34.34	35.91	22.2	17.04
Selling, General & Admin	26.92	22.99	17.6	12.67
Research & Development	0.34	-	-	-
Operating Expenses	27.26	22.99	17.6	12.67
Operating Income	7.08	12.92	4.61	4.37
Interest Expense	-0.1	-0.52	-0.83	-0.45
Other Non Operating Income (Expenses)	1.04	0.04	0.18	0.09
EBT Excluding Unusual Items	8.02	12.45	3.96	4
Legal Settlements	-3.65	-	-	-
Other Unusual Items	-0.3	-	-	0.71
Pretax Income	4.18	12.55	4.16	4.72
Income Tax Expense	1.02	2.13	-	-
Net Income	3.15	10.42	4.16	4.72
Net Income to Common	3.15	10.42	4.16	4.72
Net Income Growth	-69.72%	150.27%	-11.81%	-
Shares Outstanding (Basic)	41	40	40	40
Shares Outstanding (Diluted)	41	40	40	40
Shares Change (YoY)	2.90%	-	-	-
EPS (Basic)	0.08	0.26	0.10	0.12
EPS (Diluted)	0.08	0.26	0.10	0.12
EPS Growth	-70.42%	149.90%	-11.81%	-
Free Cash Flow	6.28	10.77	0.42	-1.54
Free Cash Flow Per Share	0.15	0.27	0.01	-0.04
Gross Margin	30.88%	31.22%	25.66%	20.64%
Operating Margin	6.37%	11.23%	5.32%	5.30%
Profit Margin	2.84%	9.05%	4.81%	5.71%
Free Cash Flow Margin	5.65%	9.36%	0.49%	-1.86%
EBITDA	7.26	13.12	4.79	4.55
EBITDA Margin	6.53%	11.40%	5.54%	5.51%
D&A For EBITDA	0.17	0.19	0.19	0.18
EBIT	7.08	12.92	4.61	4.37
EBIT Margin	6.37%	11.23%	5.32%	5.30%
Effective Tax Rate	24.52%	16.98%	-	-
Advertising Expenses	0.57	0.77	1.81	0.77

Updated Mar 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q