Welcome to our dedicated page for Motos America news (Ticker: MTAM), a resource for investors and traders seeking the latest updates and insights on Motos America stock.
Motos America Inc. (MTAM) is a premier European motorcycle dealership consolidation company and lifestyle brand. The company focuses on acquiring and operating powersports dealerships, specifically emphasizing European luxury motorcycle brands, including BMW Motorcycles, Triumph Motorcycles, and Ducati Motorcycles.
Financial Performance and Growth: According to recent internal accounting, Motos America reported a year-over-year same-store revenue increase of 15.5% for the third quarter of 2023. This growth outpaces the industry-wide motorcycle sales increase of 1.1% during the same period. The company's dealerships have shown sustained operational improvements, leading to collective profitability across their network.
Strategic Initiatives and Expansion: Motos America continues its growth trajectory with pending acquisitions and recent expansions in key U.S. markets. The company has entered agreements to manage and eventually purchase five dealerships, including Triumph Brooklyn and Triumph of Seattle. Additionally, M/A has made significant strides in expanding dealership facilities, such as the groundbreaking for Triumph Columbia River in Portland and the acquisition of Cascade Plaza for BMW and Triumph of Portland. Their Nashville Motos dealership set a new single-month sales record in August.
Team and Leadership: The company's workforce has grown exponentially, with over 100 team members across the continental USA. Recent notable additions to the leadership team include Lisa Higgins as Chief Legal and Compliance Officer and new board members Brent Sloan, KO Murdock, and David Ibarra. These additions underscore Motos America's commitment to assembling a diverse and experienced management team.
OEM Partnerships and Product Lineup: The company enjoys strong relationships with premium European motorcycle brands. Triumph's expansion into entry-level segments and the introduction of new off-road motorcycles, BMW's GS lineup upgrades, and Ducati's launch of six new models highlight the promising future for Motos America and the overall health of the premium European segment in the North American powersports industry.
Community and Culture: Beyond providing an exceptional selection of motorcycles, Motos America is dedicated to fostering a community of enthusiasts and professionals who share a passion for motorsport. The company invites community members to visit any of its locations to experience the quality and excitement their brands represent.
Shareholder Engagement: The upcoming Shareholders Meeting on November 3, 2023, at the new offices in Salt Lake City, will review the company's performance, financial status, and strategic plans for 2024 and beyond. Motos America remains optimistic about 2024, driven by continued expansion, an impressive product lineup, and exciting developments on the horizon.
For more information about Motos America and their dealerships, please visit the company website.
Motos America, a premium motorcycle dealership consolidation company, announced the addition of Triumph Santa Monica to its network, marking the 13th location. This expansion into the Santa Monica market is expected to enhance revenue, drawing from the area's active motorcycle enthusiast community.
The new dealership is situated on Santa Monica Blvd and offers a comprehensive range of services, including financing, sales, maintenance, customization, and parts for both new and pre-owned motorcycles.
CEO Vance Harrison emphasized the significance of this milestone for the company's growth and commitment to delivering excellence in the premium powersports industry. Motos America is also hiring for various positions such as sales associates, service technicians, and managerial roles.
Motos America Inc. (OTC PINK: MTAM) has announced the opening of a new Triumph motorcycle dealership in Columbia River, Oregon, marking its fourth location in the state. This selection underscores Triumph's confidence in Motos America's operational capabilities. The new facility will feature cutting-edge service technology and experienced staff. Financial obligations related to this dealership will be defined soon, but Motos America will not incur blue sky or similar fees. The company anticipates leasing a suitable building and negotiating leasehold improvements.
Motos America Inc. (OTC PINK: MTAM) announced a year-end update for 2022, showcasing substantial growth in its dealership network amidst global challenges. The company has acquired 8 dealerships, enhancing its presence in the luxury European motorcycle market. Leadership changes include the appointments of Kris Odwarka as President and Dale Darling as CMO. Motos America plans to raise $10-15 million through a new securities offering while pursuing additional acquisitions. The company anticipates significant expansion in its dealership network throughout 2023, aiming for up-listing to Nasdaq.
Motos America Inc. (OTC PINK:MTAM) announced the effectiveness of its new ticker symbol and a 1:300 reverse stock split for its common shares as of July 19, 2022. CEO Vance Harrison highlighted that these corporate actions aim to enhance branding and position the stock for a potential uplisting. The company is set to acquire three dealerships in Florida, potentially doubling annual sales. Additionally, Motos America has secured a new BMW dealership in Roswell, GA, as part of its strategy to consolidate luxury motorcycle dealerships in the U.S.
Motos America Inc. has announced a 1:300 reverse stock split effective June 16, 2022, as processed by FINRA. This corporate action will be reflected in the Daily Announcement List, promoting a new trading ticker of WECT-D until it transitions to MTAM on or about July 16, 2022. The reverse split aims to align the company's branding and facilitate a future uplisting. Motos America is focused on consolidating luxury motorcycle dealerships, particularly brands like BMW, Ducati, and Triumph, and is currently preparing for a securities offering to raise capital for further acquisitions.
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