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TruGolf Reports First Quarter 2025 Financial Results Q1 2025 Sales Grow 7.5% Over Q1 2024
GlobeNewswire News Room· 2025-05-16 01:21
Salt Lake City, Utah, May 15, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading provider of golf simulator software and hardware, announced today its first quarter 2025 results. The Company reported sales of $5.4 million, up 7.5% compared to 2024 first quarter sales of $5.0 million. Net losses doubled to ($2.6) million for 2025’s first quarter, versus a net loss of ($1.3) million in the 2024 period, driven largely by recognition of interest expenses associated with the conversion of ...
TruGolf Links Signs Newest Franchisee to Begin Developing on Long Island
Globenewswire· 2025-05-14 12:45
Iconic Golf Simulator Company Now Franchising Grants Seasoned Healthcare Entrepreneur Opportunity to Develop Long Island Dr. Ben Litaien CFE, Chief Development Officer at TruGolf Links LONG ISLAND, NY, May 14, 2025 (GLOBE NEWSWIRE) -- TruGolf Links Franchising, LLC (“TruGolf”), wholly owned by TruGolf Holdings, Inc. (Nasdaq: TRUG), the leading provider of golf simulator software and hardware, announced today the signing of its newest franchisee, Giovanni “Gio” Dinsay. With over 27 years of experience in ...
TruGolf Improves Balance Sheet with Agreement to Eliminate All Convertible Notes
Newsfilter· 2025-04-24 11:30
All Convertible Notes & Majority of Related Party Notes to be Converted to Equity Salt Lake City, Utah, April 24, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), a leading provider of golf simulator software and hardware, announced today that it has entered into agreements with its existing noteholders to exchange all its outstanding convertible notes into a newly created Series A Preferred Stock. In addition, the common stock warrants previously issued with the convertible notes were exchang ...