Golf equipment innovation
Search documents
Newton Golf Announces Insider Share Purchases After Strong Q3 Results
Globenewswire· 2025-11-24 12:00
Core Insights - Insiders at Newton Golf Co. have increased their ownership to 8.8% following significant stock purchases by senior executives, indicating confidence in the company's growth outlook [1][2] Financial Performance - Newton Golf reported a record revenue of $2.58 million in Q3, reflecting a 113% year-over-year growth, driven by strong demand for its Fast Motion shaft [3] - The company reaffirmed its 2025 revenue outlook, projecting between $7 million and $7.5 million [4] Strategic Initiatives - The company plans to introduce new premium shaft lines in 2026, further expanding its Motion-based technology platform [4] - Newton Golf is experiencing continued adoption of its products across major golf tours, including the PGA Tour Champions, LPGA, and Korn Ferry Tour, and has expanded distribution in Japan and South Korea [3] Company Overview - Newton Golf, formerly known as Sacks Parente, focuses on revolutionizing golf equipment design through the application of Newtonian physics, aiming to enhance golfers' performance with scientifically advanced tools [5]
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]