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NEWTON GOLF Company (NASDAQ: NWTG), a technology-focused golf equipment manufacturer, has announced strategic appointments to expand its presence across professional golf tours. The company has named Andy Harris and Jeff Opheim as Tour representatives for the PGA TOUR, PGA TOUR Champions and Korn Ferry Tour. Additionally, Company Founder and CTO Aki Yorihiro will serve as Tour Representative for the LPGA and PGA TOUR Champions.
The company, which produces putters, golf shafts, grips, and accessories, aims to leverage these appointments to validate their technology and gather important swing data for product development. Executive Chairman Greg Campbell emphasized their focus on expanding their ambassador portfolio across multiple professional tours.
Newton Golf Company (NWTG) has scheduled its fourth quarter and full-year 2024 earnings conference call for March 31, 2025, at 4:30 PM ET. The call will feature Chairman and CEO Greg Campbell, who will discuss the company's financial performance and strategic outlook.
Participants can join via telephone using the dial-in numbers 1-877-407-0779 or 1-201-389-0914, or through the Callme™ link which will be activated 15 minutes before the event. A recording will be available afterward on the company's investor relations website.
Newton Golf (NASDAQ: NWTG) reported exceptional financial results for Q4 and full-year 2024, showcasing remarkable growth. Q4 revenue surged 817% to $1.07 million from $117,000 in Q4 2023, while full-year revenue jumped 887% to $3.45 million from $349,000 in 2023.
The company demonstrated significant operational improvements with Q4 gross margin expanding to 73% (from 36% in Q4 2023) and full-year gross margin reaching 67% (from 35% in 2023). Cash balance stood at $7.65 million as of December 31, 2024, providing approximately 14 months of operational runway.
For 2025, Newton Golf projects revenue between $6.5-7.0 million. The company expanded globally, securing distribution in 50 major Japanese golf retail locations and achieving increased tour adoption, with over 30 players using Newton Motion Shaft on the PGA TOUR Champions during 2024.
Newton Golf (Nasdaq: NWTG) has launched its new corporate and investor relations website as part of a broader rebranding initiative. The website, NewtonGolfir.com, serves as a centralized hub providing investors and stakeholders with access to corporate news, financial filings, and strategic updates.
The rebranding reflects the company's focus on integrating physics principles into their premium golf equipment designs, drawing inspiration from Sir Isaac Newton. The new platform features comprehensive investor resources, real-time company announcements, streamlined navigation, and an email alert subscription service for updates.
According to CEO Greg Campbell, the website launch demonstrates Newton Golf's commitment to transparency and keeping investors informed about their strategic vision, product innovation, and market positioning.
Newton Golf Company (Nasdaq: SPGC) announces two major corporate changes: a name change from Sacks Parente Golf and a 1-for-30 reverse stock split, both effective March 17, 2025. The company will trade under the new ticker symbol NWTG on the Nasdaq Capital Market.
The rebranding to Newton Golf pays homage to Sir Isaac Newton, aligning with the company's focus on physics-driven golf equipment innovation. In December 2024, the company raised $8.4 million in gross proceeds through an underwritten public offering to support strategic initiatives and product development.
The reverse stock split will automatically convert every 30 shares of common stock into one share, with fractional shares rounded up. Shareholders are not required to take any action as their holdings will be automatically adjusted through their brokers or the company's transfer agent, VStock Transfer.
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