Core Insights - TruGolf Holdings, Inc. reported second quarter 2025 sales of $4.3 million, an increase of 11.3% from $3.9 million in the same period of 2024 [1] - The company experienced a net loss of $3.3 million in Q2 2025, compared to a net loss of $1.6 million in Q2 2024, primarily due to increased professional fees and interest expenses [1][3] - The CEO highlighted the successful compliance with Nasdaq listing standards and expressed optimism for operational improvements in the latter half of the year [2] Financial Performance - Sales for the first half of 2025 reached $9.7 million, a 9% increase from $8.9 million in the first half of 2024 [3] - Gross margin for Q2 2025 was 44.4%, down from 66.4% in Q2 2024, affected by $0.9 million in inventory write-downs [3] - Operating expenses increased by 13% in Q2 2025, driven by higher marketing costs and professional fees related to Nasdaq compliance [3][4] Operational Developments - The company launched US sales of its Launchbox monitor in July 2025, with promising initial results [2] - The first TruGolf Links franchise opened in Chicago on July 29, 2025, with plans for a larger flagship location in Q4 2025 and more franchises in 2026 [2] - The company took non-cash charges related to inventory adjustments and costs associated with the TruTrack product during the quarter [2] Debt and Interest Expenses - Interest expense for Q2 2025 rose by $0.7 million, with a total increase of $1.8 million for the first half of 2025, attributed to amortization of debt discounts and related expenses [4] - The company has significantly reduced its debt load, which is expected to contribute to operational improvements [2] Balance Sheet Highlights - As of June 30, 2025, total assets were $24.36 million, up from $17.14 million at the end of 2024 [8] - Current liabilities increased to $18.17 million from $15.78 million at the end of 2024, reflecting higher accounts payable and deferred revenue [9] - Stockholders' equity improved to $4.31 million from a deficit of $4.64 million at the end of 2024 [9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-40970 TRUGOLF HOLDINGS, INC. (Exact name of registrant as specified in its charter) | Delaware | 85-3269086 ...

Salt Lake City, Utah, Aug. 05, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading provider of golf simulator software and hardware, announced today that it was notified by Nasdaq's Hearing Panel that it has regained compliance with Nasdaq's listing rules, subject to Nasdaq Mandatory Panel Monitor for a period of one year. Chief Executive Officer and Director Chris Jones said, "We are very pleased to receive notice from the Nasdaq Hearing Panel that we have regained compliance with all ...

Salt Lake City, Utah, July 21, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, is pleased to announce that its first franchise location with TruGolf Links Franchising will formally open for business on July 29th in the Chicago area. The facility, on 450 S Spruce Street in Manteno, Illinois, will be celebrating from 10am to 2pm with the formal dedication to begin at noon. This is an “Executive” location which features four TruGolf Premium Simulators, TruGolf ...

Core Insights - TruGolf Holdings, Inc. is launching its new portable launch monitor, LaunchBox, globally on July 1, 2025, which aims to provide professional-grade accuracy at an accessible price point for golfers worldwide [1][4][8] Product Features - LaunchBox utilizes advanced hyper-speed camera technology to measure over 12 key shot metrics without the need for special balls or calibration, making it user-friendly for various environments [8] - The product is fully integrated with E6 APEX, offering features such as club fitting, access to over 1,500 virtual golf courses, gamified practice challenges, and broadcast-quality commentary powered by IBM watsonx.ai [6][7] Market Positioning - The launch of LaunchBox marks TruGolf's entry into the $300 million portable launch monitor market, targeting millions of home users and driving range regulars [4][5] - Priced at $2,200, LaunchBox is designed to be affordable for everyday golfers while maintaining the accuracy and realism that TruGolf is known for [8] Strategic Partnerships - The product enhances TruGolf's digital ecosystem through subscription-based software and strengthens its partnership with IBM, leveraging IBM watsonx.ai for smarter golf experiences [5]

Core Insights - Urban Edge Properties has signed a lease with TruGolf Links for a flagship location in Cherry Hill, New Jersey, which will feature a premium "eatertainment" experience and is set to open by the end of 2025 [1][3] - TruGolf, a Nasdaq-listed company, is transitioning from selling high-tech golf simulators to opening brick-and-mortar TruGolf Links Centers, offering a high-end entertainment experience [2][4] - The new TruGolf Links Center will include five premium golf simulators, an upscale food and beverage menu, and a full bar, aiming to attract a diverse audience [4][5] Company Overview - TruGolf has been innovating in the golf industry since 1983, focusing on making golf more accessible through technology and offering products like award-winning video games and e-sports platforms [6] - Urban Edge Properties is a real estate investment trust that manages and develops retail real estate in urban areas, owning 73 properties with a total of 17.2 million square feet of gross leasable area [9] Strategic Development - The flagship TruGolf Links Center will be located in a prime area of the Plaza at Cherry Hill, which is anchored by national brands and adjacent to a highly trafficked mall, enhancing its visibility and accessibility [3][4] - The collaboration between TruGolf and Urban Edge aims to create a compelling retail destination that meets community needs and enhances the overall shopping experience [4][5]

Core Viewpoint - TruGolf Holdings, Inc. announced a 1-for-50 reverse stock split of its Class A common stock, effective June 23, 2025, to consolidate shares and potentially enhance stock performance [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will consolidate every fifty shares of Class A common stock into one share, reducing the outstanding shares from approximately 40.5 million to about 0.8 million [2][3]. - The number of authorized shares will remain at 650 million, and no fractional shares will be issued; instead, stockholders will receive cash for any fractional shares [2][3]. Group 2: Company Background - TruGolf has been a key player in the golf industry since 1983, focusing on innovative indoor golf solutions and technology to make golf more accessible [4]. - The company aims to grow the game of golf by making it more available, approachable, and affordable through its products and services, including award-winning video games and an e-sports platform [4].

Core Insights - TruGolf Holdings, Inc. has announced the acquisition of mlSpatial, an AI and machine learning engineering firm, to enhance its product offerings in golf technology [1][2][3] - The acquisition follows a successful partnership that began in March 2024, focusing on co-developing an AI engine for TruGolf's Apogee Launch Monitor [2] - This strategic move aims to integrate advanced AI technologies across TruGolf's product suite, improving user experiences and training suggestions [2][3] Company Overview - TruGolf is recognized as a leader in golf technology, committed to simplifying the game through innovative AI applications and gamified improvement plans [5] - The company has a history of redefining golf through technology, offering a comprehensive suite of hardware, software, and web products [5] Industry Context - The acquisition aligns with a broader industry trend of significant investments in AI infrastructure, highlighted by a recent initiative from President Donald Trump to invest up to $500 billion in AI technologies in the U.S. [3]

Core Insights - TruGolf Holdings, Inc. is a leading golf technology company that focuses on making golf easier through innovative technology solutions [2] - The company will be presenting at the "2025 Virtual Tech Conference" on June 4, 2025, highlighting its advancements in golf technology [1] Company Overview - TruGolf specializes in AI applications for content creation, image and spatial analysis, and gamified golf improvement plans, positioning itself as an industry leader in the technological revolution within golf [2] - The company's product suite includes hardware, software, and web products designed to enhance the golfing experience by making it easier to play, improve, and enjoy the game [2] Event Details - Brenner Adams, TruGolf's Chief Growth Officer, will present at the conference, which is organized by Maxim Group LLC and will be streamed live on M-Vest [1]

Group 1 - TruGolf Holdings, Inc. will present at the "2025 Virtual Tech Conference" on June 4, 2025, at 3:00 PM EDT [1] - The company is recognized as a leader in golf technology, focusing on AI applications, content creation, and spatial analysis to enhance the golfing experience [2] - TruGolf's product offerings include a suite of hardware, software, and web products designed to make playing, improving, and enjoying golf easier [2] Group 2 - The conference will be hosted by Maxim Group LLC and will be available live on M-Vest [1] - Interested participants can register for the event through a provided link [1] - For more information about TruGolf's products and innovations, the company encourages visiting their website [4]