Quarterly ResultMay 15, 2026, 10:36 AM
Massimo Group Q1 Revenue Down 14.7% to $12.7M; Net Loss Reduced by 51.8%
AI Summary
Massimo Group reported a 14.7% decrease in revenue to $12.7 million for Q1 2026 compared to the prior year. Despite the revenue decline, the company significantly reduced its net loss by 51.8% to $1.0 million, resulting in a basic loss per share of $0.02. Gross profit increased by 20.1% to $5.1 million, and net cash used in operating activities decreased by 58.8%.
Key Highlights
- Q1 2026 revenue decreased 14.7% to $12.7 million from $14.9 million in Q1 2025.
- Net loss significantly reduced by 51.8% to $1.0 million from $2.1 million year-over-year.
- Basic loss per share improved to $(0.02) in Q1 2026 from $(0.05) in Q1 2025.
- Gross profit increased 20.1% to $5.1 million in Q1 2026 from $4.2 million in Q1 2025.
- Net cash used in operating activities decreased 58.8% to $1.4 million from $3.3 million.
- UTVs, ATVs, and e-bikes revenue fell 20.0% to $12.3 million.
- Pontoon Boats revenue decreased 28.2% to $0.4 million.
- Total assets decreased 13.9% to $44.3 million as of March 31, 2026, from $51.4 million.
Price Impact
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