Core Viewpoint - Newton Golf Company has appointed Jeff Clayborne as Chief Financial Officer to lead its financial strategy and support growth initiatives [1][2][3] Company Overview - Newton Golf is a leading developer of performance-driven golf equipment, previously known as Sacks Parente, and focuses on innovation inspired by physics [7] Leadership Appointment - Jeff Clayborne brings over 30 years of financial leadership experience in consumer products, technology, and entertainment sectors [2] - His previous role as CFO at Perfect Moment involved leading a successful IPO and restructuring the balance sheet [2][3] - Clayborne's experience includes significant roles at Verb Technology, SONDORS, Universal Music Group, and The Walt Disney Company, where he managed large-scale financial operations and M&A transactions [3] Strategic Focus - The company aims to expand its direct-to-consumer (DTC) footprint and accelerate international growth under Clayborne's leadership [2][3] - Clayborne emphasizes the importance of innovation, product excellence, and U.S.-based manufacturing in differentiating Newton Golf in the market [4] Financial Management - Clayborne is expected to strengthen Newton's financial foundation and optimize financial performance as the company scales [3][4]

Group 1 - Acushnet Holdings (NYSE: GOLF), owner of the Titleist brand, is being revisited for investment potential due to its strong brand presence in the golf industry [1] - The company is recognized for its appreciation in the golf sector, indicating a positive outlook for its market position [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow generation as a key metric for value and growth prospects [2] - Subscribers have access to a comprehensive stock model account and in-depth cash flow analyses of exploration and production (E&P) firms, enhancing investment decision-making [2]

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]

Core Viewpoint - FST Corp. reported a significant increase in revenue for the fiscal year 2024, driven by enhanced brand awareness and new product introductions, despite a rise in net loss due to increased costs and expenses [1][2][3]. Financial Performance - Revenue for fiscal year 2024 reached $36,499,644, marking a 27% increase from $28,730,549 in fiscal year 2023 [1]. - The company experienced a net loss of $3,235,175, or $(0.09) per share, which is a 49% increase compared to a net loss of $2,167,611, or $(0.05) per share, in fiscal year 2023 [2]. - The increase in revenue was primarily attributed to golf shaft sales, which rose to $35,315,363 in 2024 from $27,825,905 in 2023, also a 27% increase [3]. Revenue Drivers - The growth in golf shaft sales was largely due to the opening of the KBS Taipei Flagship Store and the expansion of the product portfolio to include high-end lines [3]. - Additional revenue of $248,688 was generated from a new software distributor service in 2024, compared to no such revenue in 2023 [3]. - Revenue from sports accessories, food, and beverage increased by 3% to $935,593 in 2024 from $904,644 in 2023 [3]. Cost and Expense Analysis - The increase in net loss was mainly due to a $5,498,723 (36%) rise in cost of revenue, $1,688,983 (29%) increase in general and administrative expenses, and $1,338,772 (15%) rise in selling expenses [4]. - Other contributing factors included increases in income tax expense by $1,207,317 and interest expense by $528,625 compared to 2023 [4]. - Gross profit increased by $2,270,372 (17%) and other income surged by $664,415 (341%) compared to the previous year [4]. Cash Flow and Liabilities - As of December 31, 2024, cash and cash equivalents were $5,098,420, down from $8,904,618 in 2023 [6]. - Net cash used in operating activities was $1,576,129 in 2024, a decrease from $11,205,424 in 2023 [6]. - Total non-current liabilities decreased to $13,469,262 in 2024 from $14,521,362 in 2023 [7]. Strategic Outlook - The CEO highlighted that the revenue increase was supported by successful product introductions and visibility gained from wins on PGA and LIV tours [8]. - The company anticipates continued sales momentum in 2025, particularly from the new graphite shaft, KBS PGW, and plans to expand strategically into Japan, Korea, and Europe [8]. - FST Corp. aims to maintain its reputation as a leading provider of high-quality golf shafts globally [8].

Core Insights - Newton Golf reported a significant revenue increase of 246% year-over-year, reaching $1.2 million in Q1 2025 compared to $350,000 in Q1 2024, driven by strong demand for its products [7][10] - The company achieved a gross profit of $852,000, a 348% increase from $190,000 in the prior-year period, with gross margins expanding to 70% from 54% [7][10] - The adoption of the Newton Motion shaft by over 30 professional golfers across major tours validates the company's technology and market direction [4][7] Financial Performance - Revenue for Q1 2025 was $1.2 million, a 246% increase from $350,000 in Q1 2024 [7][10] - Gross profit rose to $852,000, up 348% from $190,000 in the same period last year [7][10] - The net loss decreased to $0.5 million, or ($0.55) per share, compared to a net loss of $1.2 million, or ($24.85) per share in Q1 2024 [7][10] Operational Highlights - Shaft sales grew by 314% year-over-year, indicating strong market acceptance [6] - The company has $5.9 million in cash as of March 31, 2025, positioning it well for strategic scaling [7] - Management emphasized a focus on expansion, including new products and markets, while maintaining financial discipline [9] Strategic Developments - The company secured distribution agreements with two of Japan's largest golf retailers, enhancing its international presence [11] - Newton Golf showcased its full product lineup at the 2025 PGA Show, highlighting innovations in shafts and putters [11] - The company anticipates full-year 2025 revenue to range between $6.5 million and $7.0 million, reflecting continued growth [9]

Core Insights - FST Corp. reported a positive correlation between professional golf tour wins by golfers using its golf shafts and subsequent increases in company revenue [1][6] Group 1: Performance Metrics - On the 2024 PGA Tour, golfers using KBS-branded shafts won six tournaments, leading to sales increases of 9% to 102% in the two weeks following these events compared to the same periods in 2023 [2] - Cumulatively, FST experienced a 40.3% increase in sales in the two weeks after these PGA Tour victories compared to the same time frame in 2023 [3] - During the 2024 LIV tour, wins in two tournaments resulted in a cumulative sales increase of 47.0% in the two weeks following these events compared to the same periods in 2023 [4] - The 2024 LPGA Tour saw eight victories by golfers using the company's shafts, with a cumulative 3.4% increase in sales in the two weeks post-tournament compared to the same periods in 2023 [5] - Overall, total two-week post-tournament sales improvements across all 16 tournaments in 2024 were 23.6% compared to the same periods in 2023 [5] Group 2: Company Outlook - The CEO of FST Corp. stated that the success of the company's shafts on professional tours is attributed to advancements in R&D and manufacturing, which have improved launch angles, control of ball trajectory, and shot distance without increasing shaft weight [6] - Total revenue for 2024 is projected to improve by approximately 35% over 2023 levels [6] Group 3: Company Background - Founded in 1992, FST Corp. manufactures and sells golf club shafts and other golf-related items, establishing a strong global presence with its KBS brand [8] - The company's product portfolio and retail presence are part of a vertically integrated business model that provides significant competitive advantages over peer brands [8] - Current growth strategies position the company for expansion into the PRC and other under-tapped golf shaft markets [8]

BOULDER, CO, May 06, 2025 (GLOBE NEWSWIRE) -- FST Corp. (Nasdaq: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today announced that, on April 29, 2025, its board of directors made the following appointments to key managerial positions in the Company. Sebastian Tadla, 38, who had been serving as FST’s Accounting and Finance Director since 2016, was appointed Chief Financial Officer, replacing Marie Wen-Chi Chao. As Accounting and F ...

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]

Core Insights - Newton Golf Company has appointed Andy Harris and Jeff Opheim as Tour representatives for the PGA TOUR, PGA TOUR Champions, and Korn Ferry Tour, while Aki Yorihiro will represent the LPGA and PGA TOUR Champions, enhancing the brand's visibility in professional golf [1][2] Group 1: Appointments and Roles - Andy Harris will serve as Tour Representative for the PGA TOUR and Korn Ferry Tour, bringing extensive experience and industry relationships [3][4] - Jeff Opheim has been appointed as Tour Representative for the PGA TOUR Champions, leveraging decades of experience in the professional golf community [5][6] - Aki Yorihiro, the Founder and Chief Technology Officer, will focus on attracting top players to showcase the performance benefits of Newton Golf's technologies [8] Group 2: Company Strategy and Technology - The professional tours are seen as a validation ground for Newton Golf's technology and a source of valuable swing data that informs product development [2] - Newton Golf's products, including Newton Motion shafts and Gravity putters, are trusted by over 30 professionals on the PGA TOUR Champions and LPGA Tour [9][11] - The company aims to empower golfers with scientifically advanced tools that enhance consistency and accuracy in their game [11]