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Newton Golf Company Reports Second Quarter 2025 Financial Results
Globenewswireยท 2025-08-14 11:15
Core Insights - Newton Golf Company reported a significant revenue increase of 154% year-over-year for Q2 2025, reaching $2.1 million compared to $813,000 in Q2 2024 [5] - The company raised its full-year 2025 revenue guidance to a range of $7.0 million to $7.5 million, reflecting stronger-than-anticipated demand [7] Financial Performance - Q2 2025 revenue rose to $2.1 million, a 154% increase from $813,000 in Q2 2024 [5] - For the first six months of 2025, revenue increased by 182% to $3.3 million, compared to $1.2 million in the first half of 2024 [5] - Gross profit for Q2 2025 was $1.4 million, up 186% from $489,000 in Q2 2024 [5] - The gross margin improved to 67.6% in Q2 2025, compared to 60.1% in Q2 2024 [5] - The net loss for Q2 2025 was $1.5 million, or ($0.34) per share, compared to a net loss of $1.2 million, or ($0.79) per share in Q2 2024 [5] Product and Market Developments - The Fast Motion shaft launched on April 29, 2025, has seen rapid adoption, with 1,817 units sold generating over $696,000 in gross sales in May and June [6] - The company surpassed 50 professional users across various tours, indicating strong market acceptance [6] - Increased production capacity has been implemented to meet the growing demand for Motion and Fast Motion shafts [6] Management Commentary - The CEO highlighted strong performance across multiple channels and increased marketing investments to build momentum [3] - The CFO expressed confidence in the company's ability to drive long-term value for shareholders while maintaining solid margins [3] Strategic Outlook - The company aims to scale operations and deepen product adoption in the second half of 2025, with new products and expanded retail partnerships on the horizon [8]