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Yahoo
5 days ago
- Business
- Yahoo
Newton Golf Company Reports Second Quarter 2025 Financial Results
Revenue Climbs 154% Year-over-Year as Tour Adoption and Product Momentum Accelerate CAMARILLO, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- via IBN – Newton Golf Company (NASDAQ: NWTG) ('Newton Golf' or the 'Company'), a technology-forward golf company delivering physics-based performance innovations, today announced financial results for the second quarter ended June 30, 2025. Second Quarter and Year-to-Date 2025 Highlights Q2 2025: Revenue increased 154% year-over-year to $2.1 million, compared to $813,000 in Q2 2024 First Six Months 2025: Revenue increased 182% year-over-year to $3.3 million, compared to $1.2 million in the first half of 2024 Q2 2025: Gross profit rose 186% to $1.4 million, up from $489,000 in Q2 2024 First Six Months 2025: Gross profit increased 224% to $2.3 million, up from $695,000 in the first half of 2024 Q2 2025: Gross margin improved to 67.6%, compared to 60.1% in Q2 2024 First Six Months 2025: Gross margin expanded to 68.7%, compared to 59.8% in the first half of 2024 Q2 2025: Net loss of $1.5 million, or ($0.34) per share, compared to a net loss of $1.2 million, or ($0.79) per share, in Q2 2024 First Six Months 2025: Net loss of $2.1 million, or ($0.74) per share, compared to a net loss of $2.4 million, or ($1.61) per share, in the first half of 2024 Cash & Equivalents: $4.0 million as of June 30, 2025 Management Commentary Greg Campbell, CEO: "Our Q2 results highlight continued progress across multiple channels, with strong performance from our Motion and Fast Motion shafts, growing adoption among tour professionals, and expanding relationships with global distributors. We also increased our marketing and sales investments this quarter to build on that momentum heading into the second half of the year." Jeff Clayborne, CFO: "It's an exciting time to join Newton Golf as we build both financial momentum and market presence. In Q2, we delivered meaningful top-line growth and maintained solid margins, supported by strong product demand and operational efficiency. We remain focused on disciplined execution as we scale, and confident in our ability to drive long-term value for shareholders." Recent Business Highlights Miguel Ángel Jiménez earned his second PGA TOUR Champions victory using the Newton Fast Motion shaft Launched on April 29, 2025, the Newton Fast Motion golf shaft has surged to become a breakout success in just its first months on the market. In May and June alone, 1,817 units generated over $696,000 in gross sales, and momentum only accelerated into Q3 with 2,211 units sold to date, producing more than $786,000 in revenue. This rapid adoption—outpacing even the established Motion line—underscores the Fast Motion's powerful market appeal, exceptional performance, and the strong demand from golfers seeking the next leap in shaft innovation. Newton's newest release is not just gaining traction—it's redefining the speed at which a premium golf shaft can capture market share. Newton surpassed 50 professional users across PGA TOUR Champions, LPGA, and Korn Ferry Tours Increased production capacity to meet accelerating demand for Motion and Fast Motion shafts Experienced significant growth in direct-to-consumer sales through Expanded distribution and product testing with international fitters and retailers, including new partnerships in Japan Newton shaft technology was highlighted by Golf Magazine's Kris McCormack as one of the most exciting new shaft innovations on the market 2025 Revenue Guidance The Company is raising its full-year 2025 revenue guidance to a range of $7.0 million to $7.5 million, up from the prior range of $6.5 million to $7.0 million issued last quarter, reflecting stronger-than-anticipated demand and continued momentum across key channels. Looking Ahead 'As we move into the second half of 2025, our focus is on scaling operations and deepening product adoption,' added Campbell. 'With new products on the horizon and expanded retail partnerships underway, we remain committed to building a differentiated, performance-driven brand.' Consolidated Results of Operations (Amounts rounded to nearest thousands, except share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net Sales $ 2,068,000 $ 813,000 $ 3,278,000 $ 1,163,000 Cost of goods sold 669,000 324,000 1,027,000 468,000 Gross profit 1,399,000 489,000 2,251,000 695,000 Operating expenses Selling, general and administrative expenses 2,763,000 1,484,000 5,304,000 2,755,000 Research and development 143,000 207,000 425,000 397,000 Total operating expenses 2,906,000 1,691,000 5,729,000 3,152,000 Loss from operations (1,507,000 ) (1,202,000 ) (3,478,000 ) (2,457,000 ) Interest income, net 29,000 47,000 74,000 109,000 Change in fair value of warrant liabilities (42,000 ) - 1,359,000 - Net loss $ (1,520,000 ) $ (1,155,000 ) $ (2,045,000 ) $ (2,348,000 ) Loss per share – basic and diluted $ (0.34 ) $ (0.79 ) $ (0.74 ) $ (1.61 ) Weighted average number of shares outstanding – basic and diluted 4,509,619 1,459,587 2,778,595 1,459,587 For more information, visit the Company's investor relations website at or contact Investor Relations at ir@ Investor Alerts Stay updated with the latest from Newton Golf! Sign up for investor alerts at to receive company news and strategic developments directly to your inbox. About NEWTON GOLF At Newton Golf, we harness the power of physics to revolutionize golf equipment design. Formerly known as Sacks Parente, our rebranding reflects our commitment to innovation inspired by Sir Isaac Newton, the father of physics. By applying Newtonian principles to every aspect of our design process, we create precision-engineered golf equipment—including Newton Motion shafts and Gravity putters—that deliver unmatched stability, control, and performance. Our mission is to empower golfers with scientifically advanced tools that maximize consistency and accuracy, ensuring every swing is backed by the laws of physics. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or the future financial performance of Newton Golf Company (the 'Company') and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "expects," "plans," "anticipates," "intends," "believes," "estimates," "projects," "potential," "continues," or the negative of these terms or other comparable terminology. These forward-looking statements include, but are not limited to, statements regarding the expected benefits of the reverse stock split, the Company's ability to maintain compliance with Nasdaq listing requirements, the potential for increased institutional investor interest, the Company's future growth strategy, expansion of its product portfolio, anticipated financial performance, and future business prospects. These forward-looking statements reflect the Company's current expectations and projections based on information available as of the date of this release and are subject to a number of risks and uncertainties, including, but not limited to, general economic, financial, and business conditions; changes in consumer demand and industry trends; the Company's ability to successfully implement its strategic initiatives; competition in the golf equipment market; supply chain disruptions; regulatory compliance and legal proceedings; and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company cautions investors that forward-looking statements are not guarantees of future performance and actual results may differ materially from those projected. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Media Contact: Beth GastBG Public Investor Contact: Scott McGowanInvestor Brand Network (IBN)Phone: 310.299.1717ir@ in to access your portfolio
Associated Press
29-05-2025
- Business
- Associated Press
IBN Coverage: Newton Golf Company (NASDAQ: NWTG) Unveils Fast Motion Shaft for Next-Level Play, Game-Changing Innovation
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - May 28, 2025 ( NEWMEDIAWIRE ) - Innovation has long been a driving force behind business growth, market disruption and brand longevity across nearly every sector of the global economy. In the world of sports equipment, few areas are as ripe for innovation as golf, where players are always seeking performance gains. Newton Golf Company (NASDAQ: NWTG) has seized this opportunity with the launch of its latest product: the Fast Motion shaft family ( ). With this innovative new offering, the company aims to redefine performance standards and capitalize on the growing appetite for cutting-edge golf technology. Newton Golf's new Fast Motion shaft exemplifies how a company can use innovation to sharpen its competitive edge. The Fast Motion shaft incorporates several proprietary technologies that Newton Golf has developed over time. This product launch is timely, as the golf equipment market continues to experience growth, driven by a surge in participation and a demand for premium gear. Companies that embrace forward-thinking ideas and invest in product development often find themselves ahead of the curve—delivering better solutions, improving customer satisfaction and achieving long-term profitability. The significance of innovation in business is underscored by… Read More NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to NWTG are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBN Los Angeles, California 310.299.1717 Office [email protected]
