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Massimo (MAMO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 20, 2025
Massimo (MAMO) reported revenue of $14.9M for the first quarter 2025 (Q1 2025), -51% from a year earlier and -18% from the quarter before. Operating margin was -18.2%, net loss $2.1M (14.0% of revenue).
Massimo, Q1 2025: revenue $14.9M (-51% year over year), operating margin -18.2%, net loss $2.1M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.9M | -18% | -51% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | −$3.3M | -137% | — |
What changed
Revenue was $14.9M in Q1 2025, down 51% year over year and down 18% from the previous quarter.
Gross margin was 28.4%, down 6.3 points from a year earlier. Operating costs exceeded revenue by $2.7M, an operating margin of -18.2%. Operating expenses grew 7% against a revenue fall of 51%. The fastest-growing cost line was Research & development (+418%). The quarter ended with a net loss of $2.1M, wider than the previous quarter's $1.7M loss.
Operating cash flow was −$3.3M. Non-cash charges added back $34K of depreciation and $90K of share-based compensation. Working capital and other items used $1.4M.
Questions
What was Massimo's revenue in the first quarter 2025?
Massimo (MAMO) reported revenue of $14.9M for the first quarter 2025 (Q1 2025), -51% from a year earlier and -18% from the quarter before.
Was Massimo profitable in the first quarter 2025?
Operating loss was $2.7M (-18.2% of revenue) and net loss $2.1M.
Source: Massimo 10-Q on SEC EDGAR.