Core Insights - NEWTON GOLF Company reports preliminary financial results for Q4 2024 and full year 2024, indicating significant growth in sales and gross margins [1][4][6] Financial Highlights - Q4 2024 revenue is expected to be between 1.3 million, marking an increase of 882% from 349,000 in fiscal 2023 to between 3.6 million, representing nearly 10-fold growth [6] - Full year 2024 gross margin is expected to increase from 35% in fiscal 2023 to 65-67% driven by higher manufacturing volume [6] Corporate Highlights - The company has undergone a complete rebranding to NEWTON GOLF Company [6] - Launched the Newton Fairway Motion shafts and the new Newton Gravity premium putter line with five new models [6] - Expanded global presence by launching Newton Motion shafts in 50 major golf retail locations in Japan [6] - Increased the number of golf professionals using Newton Motion Shafts on the PGA TOUR Champions from less than five to 34 during 2024 [6] - Successfully executed digital campaigns that contributed to revenue growth [6] - Closed $9.1 million in financing to support strategic growth initiatives [6] - Introduced new advanced performance shafts for higher swing speeds in January 2025 [6]
NEWTON GOLF Company Provides Preliminary Financial Results for Fourth Quarter 2024 and Full Year 2024