Massimo Motor expands into Oregon and Arkansas with 100+ new retail points

GARLAND, Texas - Massimo Motor, a subsidiary of Massimo Group (NASDAQ:MAMO), announced Tuesday it has secured licensing with partners to begin sales in Oregon and Arkansas, adding over 100 new big-box retail locations to its distribution network. The expansion comes as the company, which generated nearly $96 million in revenue over the last twelve months, looks to strengthen its market position.

The powersports vehicle manufacturer expects products to be available in these new markets by early September, potentially contributing to holiday season sales based on existing stocking patterns at current locations.

"In recent weeks, we’ve had productive discussions with top-tier retailers, and the traction we’re seeing in core markets continues to accelerate," said David Shan, CEO of Massimo Motor. The company’s stock reflects this momentum, posting an 8.3% gain over the past week. According to InvestingPro, which offers extensive financial analysis and insights, the company maintains a healthy current ratio of 1.79, indicating strong ability to meet short-term obligations.

The expansion follows recent changes to Massimo’s global sourcing and logistics operations, including expanded factory partnerships in Vietnam. According to the company, these improvements have reduced lead times and increased operational flexibility to handle seasonal demand fluctuations.

Massimo Group, headquartered in Texas, manufactures and distributes UTVs, ATVs, and mini bikes for outdoor recreation. The company’s announcement was made in a press release statement that included forward-looking projections about potential sales growth.

The expansion represents the latest development in Massimo’s retail distribution strategy as it seeks to broaden its geographic footprint in the U.S. powersports market. While the company trades above its InvestingPro Fair Value, investors can access detailed valuation metrics and 11 additional ProTips with an InvestingPro subscription.

In other recent news, Massimo Group has announced several strategic developments aimed at enhancing its manufacturing and supply chain operations. The company disclosed it will begin receiving shipments of six-seater golf carts from a partner in Vietnam, supplementing its existing production in Garland, Texas. This move is part of Massimo’s supply-chain diversification strategy, which seeks to improve cost efficiency and quality control. By expanding production to Vietnam, the company aims to streamline logistics through more efficient ocean routes and port diversification, potentially reducing freight variability and lead times.

Additionally, Massimo Group is shifting to a nearshoring model to address ongoing global supply chain challenges and tariff pressures. This involves establishing new production facilities closer to its main markets in North America. The transition is expected to mitigate shipping risks, enhance lead times, and provide better control over quality assurance and inventory management. Massimo anticipates that these adjustments will lead to improved gross margins, more efficient working capital, and protection of shareholder value. These recent developments reflect the company’s proactive approach to managing supply chain disruptions and optimizing its operations.

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