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 ...

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]