QualityStocksNewsBreaks – Massimo Group (NASDAQ: MAMO) Posts $107.5 Million in 2024 Revenue, Eyes AI Product Expansion
Massimo Group (NASDAQ: MAMO), reported $107.5 million in revenue for fiscal 2024, up 4% from the previous year, driven by expanded UTV, ATV and e-bike sales through large U.S. retailers. The company ended the year with $19.2 million in working capital and a $9.4 million boost in cash. Operational highlights included relocating golf cart production to its Garland, Texas facility, launching a robotic assembly line and enhancing its national distribution network. Looking ahead, Massimo plans to enter the AI space by distributing robotic companions and utility assistants, broadening its reach beyond traditional powersports. To view the full press release, visit https://ibn.fm/gKWyQ …