Newton Golf Welcomes Addison Kloch Rising junior star and CSU Fullerton commit joins the Newton team as an affiliated athlete. CAMARILLO, Calif., Sept. 10, 2025 (GLOBE NEWSWIRE) -- via IBN – Newton Golf Company (NASDAQ: NWTG), a technology-forward golf company delivering performance-driven innovations through physics-based engineering, proudly announces that Addison Kloch, one of Southern California’s top junior golfers, has officially joined the Newton Golf team as an affiliated athlete. A member of th ...

BOULDER, CO, Sept. 05, 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 it will participate in the 27th Annual H.C. Wainwright Global Investment Conference, taking place September 8th through September 10th, 2025. Sebastian Tadla, Chief Financial Officer, and Kathee Lin, Head of Investor Relations of FST Corp., will deliver a company presentation and be available for on ...

Company Overview - FST Corp. is a leading manufacturer and marketer of steel and graphite golf shafts, providing various golf-related services [5] - Founded in 1989, the company sells golf club shafts and other items to golf equipment brands, OEMs, distributors, and consumers through KBS Golf Experience retail outlets [5] - The KBS brand is utilized by golfers at all levels, including many professional players in the PGA and other major golf associations [5] - FST Corp. has established a vertically integrated business model that creates significant competitive advantages over peer brands [5] - The company is currently positioned for expansion into the PRC and other under-tapped golf shaft markets [5] Event Participation - FST Corp. will participate in the 27th Annual H.C. Wainwright Global Investment Conference from September 8 to September 10, 2025 [1] - Sebastian Tadla, CFO, and Kathee Lin, Head of Investor Relations, will deliver a company presentation and be available for one-on-one investor meetings during the event [2] - The company's presentation is scheduled for September 8, 2025, from 2:30 PM to 3:00 PM in the Winslow Room, 5th Floor [8]

Financial Data and Key Metrics Changes - The company updated its tariff cost estimate from $25 million to $40 million, impacting EBITDA [24][25]. - Despite challenges, the EBITDAR margin performance has remained flat year-over-year, indicating strong operational management [50]. Business Line Data and Key Metrics Changes - The golf equipment segment has seen a significant increase in participation, with 1.5 million new golfers in the U.S., the highest growth since 2000 [4][5]. - Same venue sales for Topgolf have faced challenges, with a reported decline of 6% in Q2, but traffic has shown double-digit growth in June and July due to new value propositions [41][36]. Market Data and Key Metrics Changes - The golf industry has experienced a resurgence post-pandemic, with a broader and more diverse customer base, including increased female participation [4][11]. - The corporate event side of Topgolf remains challenged, with companies cutting back on budgets, impacting sales [44][47]. Company Strategy and Development Direction - The company is focusing on innovation and product development, leveraging AI in product design to maintain a competitive edge [17][19]. - A strategic reset for Topgolf is underway, emphasizing value propositions to attract customers and improve same venue sales [41][36]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about consumer trends, noting that the summer performance has been strong and expects this to continue [54]. - The competitive landscape is expected to favor companies with strong supply chains and innovative capabilities, with market share consolidation likely to speed up [63][65]. Other Important Information - The company has diversified its supply chain to mitigate tariff impacts, having moved away from sourcing from China [25][26]. - There are ongoing initiatives to improve operational efficiency and cost structure in response to the current economic environment [27]. Q&A Session All Questions and Answers Question: What are the expectations for the consumer environment in the second half of the year? - Management has seen positive consumer trends and expects this to continue [54]. Question: How has pricing been affected by tariffs? - The company has been strategic in pricing, with no significant impact on the golf equipment side despite some price increases [57][58]. Question: What are the expectations for inventory growth into the second half? - There are no significant changes anticipated in inventory management, with normal practices expected [59]. Question: Are there any disruptions from supply chain uncertainty? - No disruptions are currently seen in the supply chain, with adjustments planned for the long term [60]. Question: How are freight, wages, and materials expected to change into 2026? - No significant changes are anticipated in freight rates, wages, or material costs [61]. Question: What is the outlook for market share consolidation in 2026? - Market share consolidation is expected to speed up, favoring companies with strong supply chains and innovative capabilities [63][65].

CAMARILLO, Calif., Sept. 03, 2025 (GLOBE NEWSWIRE) -- via IBN – Newton Golf Company (NASDAQ: NWTG) (“Newton Golf” or the “Company”), a technology-forward golf company delivering performance-driven innovations through physics-based engineering, today announced that its Fast Motion shafts are now available for fitting and purchase at Club Champion, one of the nation’s leading club fitting retailers with more than 130 locations across the United States. Newton shafts have already been successfully fit and sold ...

CAMARILLO, Calif., Sept. 03, 2025 (GLOBE NEWSWIRE) -- via IBN – Newton Golf Company (NASDAQ: NWTG) (“Newton Golf” or the “Company”), a technology-forward golf company delivering performance-driven innovations through physics-based engineering, today announced that its Fast Motion shafts are now available for fitting and purchase at Club Champion, one of the nation’s leading club fitting retailers with more than 130 locations across the United States. Newton shafts have already been successfully fit and sold ...

Net cash used in operating activities was $1,091,950 for the first half of 2025, compared with net cash provided by operating activities of $1,420,385 in the first half of 2024. Net cash used in investing activities was $241,198 in the first half of 2025 compared with $1,443,282 in the first half of 2024. Net cash provided by financing activities was $212,058 in the first half of 2025 compared with net cash used in financing activities of $49,089 in the first half of 2024. BOULDER, CO., Aug. 21, 2025 (GLOBE ...

Core Viewpoint - FST Corp. reported significant revenue growth in the first half of 2025, driven by increased sales in the OEM sector, despite experiencing a net loss due to rising operating expenses and one-time costs related to its public listing [1][3][8]. Financial Performance - Revenue for the first six months of 2025 reached $22,193,432, marking a 24% increase from $17,829,745 in the same period of 2024 [1]. - Gross profit margin improved to 46.0% in the first half of 2025, up from 43.4% in the prior-year period, attributed to higher-margin product sales and improved operational efficiency [2]. - The company reported a net loss of $5,827,047, or $(0.13) per share, compared to a net income of $77,617, or $0.01 per share, in the same period a year earlier [3]. - Total operating expenses increased by $3,357,809, or 40%, compared to the first half of 2024, primarily due to higher personnel costs and marketing expenses [3]. - Loss from operations was $1,529,247 for the first half of 2025, compared to a loss of $644,225 in the prior year; however, adjusting for one-time expenses, the company would show an operating income of approximately $220,000 [4]. Cash Flow and Liquidity - As of June 30, 2025, cash and cash equivalents were $6,802,368, up from $5,098,420 at the end of 2024; total current assets increased to $29,327,334 from $26,655,003, while total current liabilities rose to $34,151,914 from $22,113,495 [5]. - Net cash used in operating activities was $1,091,950 for the first half of 2025, compared to net cash provided of $1,420,385 in the first half of 2024 [6]. Strategic Outlook - The company anticipates continued sales momentum, driven by a new product line launch in Q4 and plans to expand OEM business and distribution channels in Southeast and East Asia, as well as Europe [8]. - FST expects to account for all listing expenses related to its merger by the end of 2025, which is projected to positively impact the bottom line in 2026 and beyond [9]. - The company operates a vertically integrated business model, enhancing its competitive advantages and positioning for growth in under-tapped markets, including the PRC [10].

Company Overview - FST Corp. is a leading manufacturer and marketer of steel and graphite golf shafts, providing various golf-related services [1][3] - Founded in 1992, the company sells golf club shafts and other items to golf equipment brands, OEMs, distributors, and consumers through KBS Golf Experience retail outlets [3] - FST's products are utilized by golfers at all levels, including professional players in the PGA and other major golf associations [3] - The company operates a vertically integrated business model that has established the KBS brand globally, creating significant competitive advantages [3] - Current growth strategies position FST for expansion into the PRC and other under-tapped golf shaft markets [3] Upcoming Events - David Chuang, CEO of FST Corp., will present and host one-on-one meetings with investors at the Sidoti August Virtual Investor Conference on August 20-21, 2025 [1] - The presentation is scheduled to begin at 2:30 PM ET on August 21, and registration for the event is free [2] - Virtual one-on-one meetings with investors will also be held on August 20-21, 2025 [2] Sidoti Events Overview - Sidoti & Company, LLC formed Sidoti Events, LLC in 2023 to focus on its growing conference business [4] - Sidoti has over 25 years of experience in independent securities research, primarily covering small and microcap companies [4] - The events provide corporate access and facilitate meaningful interactions between small and microcap issuers and investors [4]

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]