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Massimo (MAMO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Massimo (MAMO) reported revenue of $18.2M for the fourth quarter 2024 (Q4 2024), -54% from a year earlier and -29% from the quarter before. Operating margin was -15.4%, net loss $1.7M (9.5% of revenue).
Massimo, Q4 2024: revenue $18.2M (-54% year over year), operating margin -15.4%, net loss $1.7M, operating cash flow $9.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.2M | -29% | -54% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | $9.1M | +92% | +77% |
What changed
Revenue was $18.2M in Q4 2024, down 54% year over year and down 29% from the previous quarter.
Gross margin was 19.6%, down 11.1 points from a year earlier. Operating costs exceeded revenue by $2.8M, an operating margin of -15.4%. Operating expenses fell 14% while revenue fell 54%. The quarter ended with a net loss of $1.7M, narrower than the previous quarter's $2.5M loss. Non-operating items added $619K, -29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.1M (up 77% year over year). Non-cash charges added back $31K of depreciation and $92K of share-based compensation. Working capital and other items added $10.7M. Capital expenditures of −$36K left free cash flow of $9.1M.
Questions
What was Massimo's revenue in the fourth quarter 2024?
Massimo (MAMO) reported revenue of $18.2M for the fourth quarter 2024 (Q4 2024), -54% from a year earlier and -29% from the quarter before.
Was Massimo profitable in the fourth quarter 2024?
Operating loss was $2.8M (-15.4% of revenue) and net loss $1.7M.
Source: Massimo 10-K on SEC EDGAR.