Massimo Group (MAMO) investor relations material

Executive summary

• Revenue for Q2 2026 was $14.9M, down 21.1% year-over-year, mainly due to lower UTV, ATV, and e-bike sales as wholesale shipments to major retail partners were strategically reduced to align with retail sell-through and inventory levels.

• Net income for Q2 2026 was $1.45M, a significant increase from $77.7K in Q2 2025, driven by higher gross margins and reduced operating expenses.

• Gross margin improved to 48.8% from 36.3% year-over-year, reflecting a favorable product mix, improved sourcing, and lower freight and tariff costs.

Financial highlights

• Six-month revenue ended June 30, 2026 was $27.6M, down 18.3% from $33.8M in the prior year period.

• Six-month net income was $445K, compared to a net loss of $2.0M in the prior year.

• Operating expenses for Q2 2026 decreased 16.4% year-over-year, with selling expenses down 20.9% and G&A down 18.0%.

• Cash and cash equivalents at June 30, 2026 were $4.6M; working capital was $17.1M.

Outlook and guidance

• Management expects continued pressure from competitive pricing, supply chain risks, and macroeconomic factors such as inflation and trade policy uncertainty.

• The company plans to focus on higher-margin, controllable sales channels and maintain disciplined inventory management.

• Confident in meeting operational needs for the next 12 months using operating cash flow.