Massimo Group
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
Contents
Cautionary Note Regarding Forward-Looking Statements
This Report contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements contained in this Report other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, projected costs and our objectives for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “should,” “shall,” “intend,” “goal,” “objective,” “seek,” “expect,” and similar expressions or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including but not limited to:
| ● | our limited operating history on which to judge our performance and assess our prospects for future success; |
|---|---|
| ● | risks related to our reliance on a network of independent dealers and distributors to manage the retail distribution of many of our products; |
| ● | our reliance on third-party manufacturers and supplies for our products; |
| ● | risks related to the fact that the majority of the products we purchase are manufactured by suppliers in China and their operations are subject to risks associated with business operations in China; |
| ● | the inexperience of our principal shareholder and senior management in operating a publicly traded company; |
| ● | economic conditions that impact consumer spending may have a material adverse effect on our business; |
| ● | results of operations or financial condition; |
| ● | risks related to face intense competition in all product lines, including from some competitors that have greater financial and marketing resources; |
| ● | risks related to our ability to attract and retain key personnel; |
| ● | potential harm caused by misappropriation of our data and compromises in cybersecurity; |
| ● | changes in laws, regulatory requirements, governmental incentives and fuel and energy prices; |
| ● | litigation, regulatory proceedings, complaints, product liability claims and/or adverse publicity; |
| ● | the inability of our dealers, customers and distributors to secure adequate access to capital or financing; |
| ● | failure to develop brand name and reputation; |
| ● | the significant product repair and/or replacement due to product warranty claims or product recalls; |
| ● | the impact of health epidemics, including the COVID-19 pandemic, on our business; and |
| ● | other risks and uncertainties described in this Report, including those described in the “Risk Factors” section. |
Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this Report may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.
You should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, we undertake no duty to update any of these forward-looking statements after the date of this Report or to conform these statements to actual results or revised expectations.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this Report, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and you are cautioned not to unduly rely upon these statements.
You should read this Report and the documents that we reference in this Report and have filed as exhibits to the registration statement, of which this Report is a part, completely and with the understanding that our actual future results may be materially different from what we expect. We qualify all of the forward-looking statements in this Report by these cautionary statements.
ii
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.