Core Insights - TruGolf Holdings Inc. has repurchased 423,402 shares of its Class A common stock under a $2 million stock repurchase program, with an average purchase price of $0.7552 per share, leaving approximately $1.67 million available for further repurchases [1] - The CEO of TruGolf expressed optimism about the company's future prospects following a strong performance at the January PGA show and highlighted the potential of its revamped product lineup [2] - TruGolf is expected to release its 2025 financial results in March 2026 [2] Company Overview - TruGolf has been a key player in the golf industry since 1983, focusing on innovative indoor golf solutions and aiming to make golf more accessible through technology [4] - The company's mission is to grow the game of golf by making it more available, approachable, and affordable, believing that golf is for everyone [4] - TruGolf has developed award-winning video games, innovative hardware solutions, and a new e-sports platform to connect golfers globally [4]

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]

Core Message - TruGolf Holdings Inc. is set to showcase its latest innovations at the 2026 PGA Show, emphasizing its advancements in golf simulation technology and AI-driven coaching solutions [1][5]. Group 1: TruGolf RANGE Features - TruGolf RANGE allows up to 7 players to practice simultaneously on a single cinematic screen, providing an immersive indoor golf experience that mimics a traditional driving range [2]. - Each hitting bay in TruGolf RANGE offers advanced analytics, including slow-motion replays, ball flight data, and integrated AI analysis of swing tendencies, aimed at enhancing player performance [2]. - The facility includes structured training workflows and competitive experiences, such as skills challenges and games, to encourage repeat visits and increase revenue for operators [3]. Group 2: AI Coaching and Player Experience - TruGolf AI Coach analyzes player shot data to provide actionable insights, instructions, and drills, facilitating quicker improvements for golfers [4]. - The platform is designed for a modern, account-based golfer experience, allowing players to track their performance over time and enabling facilities to adopt a scalable operating model suitable for various venues [5]. Group 3: Strategic Initiatives - The first installation of TruGolf RANGE will be part of the Golf Everywhere project in Flower Mound, Texas, indicating the company's commitment to expanding its market presence [6]. - TruGolf has initiated open market purchases of its Class A Common stock, reflecting a strong capital position and confidence in its long-term strategy [6][7].

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]