• Massimo Group posted a net loss of USD 1.01 million for the three months ended March 31, 2026, narrowing from USD 2.09 million a year earlier.
• Revenue fell 14.7% to USD 12.71 million, driven by lower sales of UTVs, ATVs and e-bikes, partially offset by the absence of a USD 1.04 million revenue reduction tied to a litigation-settlement repurchase recorded in the prior-year quarter.
• Gross margin widened 11.5 percentage points to 39.9%, as cost of sales dropped 28.5% to USD 7.64 million.
• Operating loss narrowed to USD 1.04 million from USD 2.71 million, as selling expenses declined 32.4% to USD 1.26 million while general and administrative expenses were flat at USD 4.22 million.
• Results included an unrealized crypto loss of USD 135,125, while cash and cash equivalents ended quarter at USD 4.15 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Massimo Group published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023439), on May 15, 2026, and is solely responsible for the information contained therein.