SALT LAKE CITY, UT, Feb. 04, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings Inc. (NASDAQ: TRUG), Fresh off a standout showing at the January PGA Golf Show, TruGolf is accelerating into its next chapter of innovation, announcing a major upcoming platform launch in Q1 2026 in collaboration with D3 Sports Tech (D3ST). At the PGA Show, TruGolf captured industry-wide attention with the debut of the TruGolf RANGE, a first-of-its-kind experience capable of supporting seven simultaneous players hitting indoors at once. ...

Core Insights - TruGolf Links Franchising, LLC has appointed Sharif Ali as the new regional developer for the Chicagoland area, aiming to expand its market presence with a flagship location and up to 70 retail locations in the coming years [2][4] Company Overview - TruGolf Links is a leading provider of golf simulator software and hardware, focusing on innovative indoor golf solutions since 1983 [5] - The company is known for its award-winning software, industry-leading hardware, and the E6 CONNECT platform that connects golfers worldwide [5] Market Opportunity - The Chicagoland market presents a prime opportunity for TruGolf Links, as traditional golf courses are often fully booked, creating demand for accessible indoor alternatives [4] - The company aims to provide a fun, safe, and welcoming indoor environment for golf and other interactive sports, catering to the growing participation in golf nationwide [4] Leadership and Vision - Sharif Ali brings over a decade of experience in building and scaling organizations, with a focus on community and innovation, aligning with TruGolf Links' vision for the future of golf entertainment [4] - Ali's involvement will include opening a flagship location in Tinley Park and supporting expansion through additional company-owned units and franchise partnerships [5] Franchise Model - TruGolf Links offers individual franchise and regional developer opportunities, allowing local operators to scale markets while providing localized support to franchisees [6]

SALT LAKE CITY, UT, Jan. 13, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings Inc. (NASDAQ: TRUG) today announced it will be participating in the 2026 PGA Show in Orlando, Florida from January 20–23, 2026, at booth 784. TruGolf will highlight its latest technology innovations across Golf Simulator, Launch Monitor, and commercial range categories—including LaunchBox and its next-generation indoor range platform, TruGolf RANGE, featuring the Company’s new TruGolf AI Coach experience. TruGolf RANGE: New Data-Driven P ...

Core Insights - TruGolf Links Franchising, LLC has appointed Giovanni "Gio" Dinsay as the Regional Developer for Long Island, expanding its franchise model in the region [1][2] - Dinsay aims to open at least 50 locations on Long Island, leveraging his experience in healthcare and business to enhance the indoor golf experience [2][4] - TruGolf Links is focused on transforming indoor golf with advanced technology, offering a unique blend of realism and accessibility for golfers of all skill levels [3][5] Company Expansion - The company is rapidly expanding its presence across the U.S. through a regional developer model, allowing entrepreneurs to build a network of franchise locations [6][9] - Dinsay has already secured leases for locations in Westbury, Dix Hills, and Farmingdale, with plans to open at least three locations next year [5] - The regional developer franchise model provides opportunities for franchisees to earn revenue while supporting local operations [6][9] Technology and Innovation - TruGolf Links utilizes state-of-the-art indoor golf simulators that incorporate proprietary software and precision tracking systems, enhancing the golfing experience [3][8] - The simulators are also being integrated into health and wellness training, promoting physical health through golf [3][4] - The company has a mission to make golf more available, approachable, and affordable through innovative technology [8]

Core Insights - TruGolf Holdings Inc. has played a significant role in the award-winning Sky Sports Golf broadcast of the 153rd The Open Championship, enhancing its position in golf simulation and technology [1][5] - The global golf simulator market is rapidly expanding, projected to grow from approximately US $1.74 billion in 2024 to nearly US $3.95 billion by 2032, with a compound annual growth rate (CAGR) of ~10.9% [2] - TruGolf's proprietary E6 Apex engine was utilized to create hyper-accurate digital recreations of Royal Portrush Golf Club, showcasing the company's advanced simulation capabilities [3][4] Company Developments - The same simulation technology used in the "Open Zone" broadcast is now available to TruGolf customers through various commercial simulators and home systems, featuring over 15,000 playable global courses [4] - TruGolf's CEO emphasized that the recognition from the Broadcast Sport Awards validates the company's long-term strategy and highlights the growth potential for both TruGolf and the indoor golf market [5] - TruGolf Range combines outdoor golf authenticity with advanced analytics, providing a fully immersive practice environment powered by the E6 Apex simulation engine [6] Product Offerings - TruGolf's LaunchBox and APOGEE launch monitors offer instant shot analysis, allowing players to review and analyze their performance through the E6Golf Web App [7] - The company aims to transform the golfing experience with its innovative technology, making golf more accessible and enjoyable for players [9]

Core Insights - TruGolf Holdings, Inc. reported its third quarter 2025 results, highlighting a pivotal quarter with a focus on restructuring and growth potential for 2026 [3][5]. Financial Highlights - Revenue for Q3 2025 was $4.1 million, down from $6.2 million in Q3 2024, primarily due to changes in product license sales recognition [5][14]. - Gross margin improved to 69.3% in Q3 2025 from 69.1% in Q3 2024 and significantly up from 44.4% in Q2 2025 [4][5]. - The net loss for Q3 2025 increased to $7.3 million compared to a net loss of $0.06 million in Q3 2024, largely due to a non-cash loss of $6.1 million from extinguishing debt [5][14]. - Total liabilities decreased to $16.7 million from $21.8 million at year-end 2024, following the exchange of convertible notes into equity [5][7]. - Cash and cash equivalents increased by 30% to $11.4 million unrestricted and $13.5 million including restricted cash since December 31, 2024 [5][11]. Operational Highlights - The company completed its balance sheet restructuring and regained full NASDAQ compliance, positioning itself for growth in 2026 [3]. - Significant investments were made in product development, including new offerings like E6 APEX and the upcoming TruGolf Range platform [5][14]. - The company is advancing AI-driven analytics and commentary, powered by IBM watsonx.ai, which is expected to differentiate its software ecosystem [5]. Strategic Outlook - The CEO expressed confidence that the share price does not reflect the company's progress and future opportunities, anticipating renewed growth momentum in 2026 [3]. - The company is constructing a franchise and multi-bay facility model, with the first installation in Flower Mound, TX, serving as a blueprint for national rollout [5].

Revenue Performance - Revenue for the nine months ended September 30, 2025, was $13,806,059, a decrease of $1,315,921 or 9% compared to $15,121,980 for the same period in 2024[127] - Revenue decreased by $2,130,830, or 34%, for the three months ended September 30, 2025, compared to the same period in 2024[134] Cost and Expenses - Cost of revenue increased by $200,458, or 4%, for the nine months ended September 30, 2025, primarily due to an increase in simulator costs of $338,627[129] - Cost of revenues decreased by $665,465, or 35%, for the three months ended September 30, 2025, primarily due to the decrease in revenue[135] - Total operating expenses rose by $1,844,917, or 17%, for the nine months ended September 30, 2025, driven by a 55% increase in professional fees[130] - Total operating expenses increased by $520,410, or 15%, for the three months ended September 30, 2025, with selling, general and administrative expenses rising by $1,761,630, or 111%[136] Operating Loss and Income - Operating loss for the nine months ended September 30, 2025, was $4,217,744, compared to an operating loss of $856,448 for the same period in 2024[127] - The company recorded a loss before income taxes of $13,270,036 for the nine months ended September 30, 2025, compared to a loss of $2,931,370 in 2024[127] - Other income (expenses) increased by $6,977,370, or 336%, for the nine months ended September 30, 2025, primarily due to a loss on extinguishment of debt of $6,135,160[131] - Other income (expenses) increased by $5,232,069, or 561%, for the three months ended September 30, 2025, mainly due to a loss on extinguishment of debt[137] Cash Flow and Working Capital - As of September 30, 2025, cash on hand was $13,535,121, with a working capital surplus of $4,159,517, compared to a deficiency of $982,237 as of December 31, 2024[138] - Net cash used in operating activities was $1,978,411 for the nine months ended September 30, 2025, primarily due to a net loss of $13,270,036[143] - Net cash used in investing activities was $2,493,600 for the nine months ended September 30, 2025, primarily due to an increase in capitalized software[145] - Net cash provided by financing activities was $7,125,055 for the nine months ended September 30, 2025, mainly from net proceeds of PIPE Convertible Notes and Series A Preferred Warrants[147] - Current assets increased to $19,158,839 as of September 30, 2025, up from $14,792,931 as of December 31, 2024[141] Strategic Initiatives and Future Outlook - The Company anticipates continued operating losses as it executes its development plans for 2025 and other strategic initiatives[139] Product and Market Development - The latest launch monitor, Apogee, features a voice command system and a laser indicator, enhancing user experience[118] - TruGolf's software records over 725,000 indoor golf shots per day, integrating with approximately 90% of golf technology hardware in the global market[121] - The company’s hardware offerings range from just under $400 to over $100,000, providing a wide range of pricing options[119] - TruGolf has established the Virtual Golf Association, allowing users to earn points through gameplay and compete for real-world prizes[122]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential opportunities for traders before the market opens [1] Premarket Gainers - Cidara Therapeutics, Inc. (CDTX) is up 91% at $203.18 - Binah Capital Group, Inc. (BCG) is up 45% at $2.07 - Invivyd, Inc. (IVVD) is up 42% at $2.52 - Omeros Corporation (OMER) is up 15% at $7.25 - The Oncology Institute, Inc. (TOI) is up 12% at $3.47 - AlphaVest Acquisition Corp (ATMV) is up 11% at $7.99 - ARB IOT Group Limited (ARBB) is up 7% at $7.31 - Hyperion DeFi, Inc. (HYPD) is up 6% at $5.27 - TruGolf Holdings, Inc. (TRUG) is up 6% at $2.02 - Boqii Holding Limited (BQ) is up 5% at $2.24 [3] Premarket Losers - TSS, Inc. (TSSI) is down 40% at $9.12 - StubHub Holdings, Inc. (STUB) is down 20% at $15.02 - ESS Tech, Inc. (GWH) is down 20% at $3.38 - Red Cat Holdings, Inc. (RCAT) is down 17% at $6.38 - WhiteFiber, Inc. (WYFI) is down 15% at $16.81 - New Era Energy & Digital, Inc. (NUAI) is down 13% at $3.66 - NET Power Inc. (NPWR) is down 11% at $2.62 - Korro Bio, Inc. (KRRO) is down 9% at $5.90 - Anavex Life Sciences Corp. (AVXL) is down 8% at $5.20 - Interactive Strength Inc. (TRNR) is down 5% at $2.47 [4]

Core Insights - TruGolf Holdings Inc. has announced the launch of TruGolf Range, a next-generation indoor golf practice platform that aims to revolutionize golf training and course operations [1][2][5] Company Overview - TruGolf Range will debut at the 2026 PGA Show in Orlando, Florida, positioning the company as a leader in modernizing golf practice [2] - The platform integrates advanced analytics with a realistic practice environment, utilizing the E6 by TruGolf simulation engine [3] Product Features - Each modular range can accommodate multiple hitting bays with expansive screens, allowing for scalable installations from compact setups to full-venue environments [4] - The system includes an intuitive touchscreen command center for players to log into profiles, set up drills, and view live shot data [9] Business Model Transformation - TruGolf Range aims to transform driving ranges from cost centers into profit engines by eliminating major variable costs associated with outdoor ranges, such as maintenance and irrigation [6][7] - The U.S. golf driving range industry was valued at $23.3 billion in 2024, with technology-enhanced ranges showing 40-50% higher revenue compared to traditional setups [8] Sustainability and Efficiency - The platform supports sustainability by potentially eliminating the need for irrigation, contributing to water management efforts that have already reduced U.S. golf course irrigation by 29% since 2005 [12] - Indoor ranges can operate unmanned 24/7, creating new revenue streams and efficiencies for course owners [13] Future Outlook - TruGolf Range is positioned to enhance player engagement year-round while providing operational breakthroughs for facility operators [13]

Core Insights - TruGolf Holdings, Inc. has been selected as the exclusive supplier of golf simulators for the upcoming Golf Everywhere facility in Flower Mound, Texas, which will be the largest indoor golf facility in the U.S. [1][2] - The facility will span approximately 6 acres and will feature 33 bays, 16 private suites, and a dedicated training area, marking a significant expansion in indoor golfing options [1][3] - The contract for this project is valued at $4.5 million, representing TruGolf's largest technology project in a single location to date [1] Company Overview - TruGolf has been a key player in the golf industry since 1983, focusing on innovative indoor golf solutions and technology to enhance the golfing experience [5] - The company aims to make golf more accessible and affordable through its products, which include award-winning video games and advanced hardware solutions [5] - TruGolf's mission is to grow the game of golf by leveraging technology, believing that golf should be available to everyone [5] Partnership Details - Golf Everywhere's founder, Myles Vlachos, emphasized the alignment of visions between Golf Everywhere and TruGolf, aiming to provide a realistic golfing experience [2] - TruGolf will supply a comprehensive suite of proprietary and partner technologies, including the E6 platform and Golf 918 software for various operational needs [2] - The partnership is expected to enhance community engagement in golf and provide a modern country club experience [2] Facility Features - The Flower Mound facility will offer both private memberships and public access, along with a learning academy and a large putting and chipping complex [3] - Additional amenities will include a wellness center and multiple dining and entertainment options, enhancing the overall experience for visitors [3]