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Newton Golf Company (NASDAQ: NWTG) Regains Compliance with Nasdaq Listing Requirements
Globenewswire· 2025-05-28 11:00
Core Insights - Newton Golf Company has regained compliance with Nasdaq Listing Rule 5550(b)(1), confirming a minimum of $2.5 million in stockholders' equity for continued listing on the Nasdaq Capital Market [1][2] Financial Performance - The company reported stockholders' equity of $6.2 million for the quarter ended March 31, 2025, leading to the closure of the compliance matter raised on April 14, 2025 [2] - Newton Golf achieved a remarkable 246% year-over-year revenue growth in Q1 2025, driven by the adoption of the Newton Motion shaft across retail channels and major professional tours [3] - The gross margin expanded to 70%, indicating improved unit economics and a strong product-market fit [3] Market Position and Growth - More than 40 professional players are currently using Newton shafts across major tours, showcasing the brand's growing acceptance in the professional golf community [3] - The company has expanded its international footprint and showcased its innovations at the 2025 PGA Show, reinforcing its position as an emerging brand in performance golf [3] Company Overview - Newton Golf, formerly known as Sacks Parente, focuses on revolutionizing golf equipment design by applying Newtonian principles to create precision-engineered products [6]
NEWTON GOLF Launches Fast Motion Shaft: A New Lightweight Shaft Designed for Distance and Control
Globenewswire· 2025-04-29 11:00
Core Insights - Newton Golf has launched the Newton Fast Motion shaft, priced at $325, which is designed for enhanced swing speed and precision for golfers [1][2] - The company experienced a remarkable 887% revenue growth in FY2024, attributed to the successful adoption of its advanced shaft lineup [2] - The Fast Motion shaft has gained traction on professional tours, with over 30 professionals using Newton Motion shafts [3][5] Product Features - The Fast Motion shafts utilize high-modulus Toray carbon fibers, reducing weight by approximately 10 grams compared to the previous Motion series while maintaining stability and control [6][7] - The shaft incorporates four core technologies: Elongated Bend Profile, Kinetic Energy Storage Optimization, Symmetry 360 Construction, and Variable Bend Profile, catering to various swing speeds [8][9] - The design features a distinctive red-to-gold finish that changes color under sunlight, emphasizing its aesthetic appeal [7] Market Positioning - The demand for lightweight performance shafts is increasing, particularly among club fitters and moderate swing speed players, positioning the Fast Motion series for continued growth [10] - The new shaft line reflects the company's commitment to supporting golfers seeking additional swing speed through lighter driver shafts [7]