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Sacks Parente Golf, Inc. (symbol: SPGC) is a pioneering technology-first golf company dedicated to enhancing the golfing experience for players of all skill levels. The company excels in designing, manufacturing, and marketing advanced golf equipment, including putting instruments, golf shafts, and golf grips. Their product range is meticulously crafted to meet the needs of both amateur and professional golfers.
Sacks Parente Golf's innovation-driven approach is evident in their diverse product portfolio. The company’s putting instruments are engineered for precision and performance, contributing to better game outcomes. Additionally, their state-of-the-art golf shafts and golf grips are designed to offer superior control and comfort, enhancing the overall golfing experience.
Recently, Sacks Parente Golf has made strides with their Newton Golf shafts. These shafts are available with adjustable driver and fairway wood adaptors, compatible with heads from most major golf equipment brands. They have reinforced the tip area of the Newton Motion Fairway Wood shafts to endure the impact from shots on hard-packed fairways, a testament to their commitment to quality and durability.
The company is also actively engaging with the golf community through strategic partnerships and media outreach. For instance, Beth Gast from BG Public Relations manages media relations, while investor communications are handled by CORE IR. This ensures that stakeholders remain well-informed about company developments and achievements.
Financially, Sacks Parente Golf is positioned to expand its market share and innovate within the industry. With a strong foundation and forward-looking strategies, the company aims to continue delivering exceptional products that elevate the sport of golf.
NEWTON GOLF (Nasdaq: SPGC), a technology-driven golf equipment company, has announced its participation in the Winter 2024 Investor Summit. Executive Chairman Greg Campbell will deliver a corporate overview during a virtual presentation scheduled for November 21, 2024, at 2:30 PM ET.
The company, known for its portfolio of golf products including putters, shafts, grips, and accessories, will also offer one-on-one meetings with registered conference investors. The presentation will be accessible via webcast, providing investors an opportunity to learn more about NEWTON GOLF's business operations and strategy.
NEWTON GOLF (NASDAQ: SPGC) reported strong financial results for Q3 2024. Revenue reached $1,211,000, showing a remarkable 1,175% increase from Q3 2023 ($95,000) and a 49% sequential growth from Q2 2024. Gross margin improved significantly from 41% to 66.5% year-over-year. The company completed a $732,000 public offering and expanded its product portfolio with the new Gravity Premium putter line. NEWTON GOLF also strengthened its global presence by launching Newton Motion shafts in 50 major Japanese retail locations and increased its presence on the PGA TOUR Champions to 34 professionals.
NEWTON GOLF (NASDAQ: SPGC) released preliminary Q3 2024 financial results showing significant growth. Revenue reached $1,150,000-$1,250,000, representing a 1,163% increase from Q3 2023 ($95,000) and a 48% sequential increase from Q2 2024 ($813,000). Gross margin improved to 63-67% from 41% in Q3 2023. The company launched new Gravity Premium putters, expanded into Japanese retail locations with Newton Motion shafts, and increased professional adoption with 34 PGA TOUR Champions players now using their shafts. The company also completed a $732,000 public offering and introduced new performance shafts for higher swing speeds.
NEWTON GOLF Company (Nasdaq: SPGC), a technology-driven golf products company, has announced its participation in the LD Micro Main Event XVII. The event is scheduled for October 28-30, 2024, at the Luxe Sunset Boulevard Hotel in Los Angeles.
Greg Campbell, Executive Chairman of NEWTON GOLF, will deliver a corporate overview presentation on Wednesday, October 30, 2024, at 8:00 AM PT. Interested parties can register to watch the presentation online through the provided link.
NEWTON GOLF offers a diverse range of golf products, including putters, golf shafts, golf grips, and other golf-related accessories. The company emphasizes its technology-forward approach in the golf industry. Additionally, Mr. Campbell will be available for one-on-one meetings with registered investors attending the conference.
NEWTON GOLF Company (Nasdaq: SPGC) has expanded its global presence by launching Newton Motion shafts in Japan, the world's second-largest golf market. The shafts are now available in 50 of Japan's largest golf retailers and through GDO, the country's leading e-commerce platform. The Newton Motion shafts feature four essential technologies: Elongated Bend Profile, Kinetic Storage Construction, Newton Symmetry360 Design, and a Variable Bend Profile.
The shafts have gained popularity among top players on the PGA TOUR Champions, including major championship winner Doug Barron. Manufactured in the Company's St. Joseph, Missouri facility, the shafts are sold 'ready to play' with a Lamkin Crossline 360 grip and adapter options for most driver heads. This expansion into Japan marks a significant step for NEWTON GOLF in its mission to provide innovative golf products to a global audience.
Sacks Parente Golf (Nasdaq: SPGC), a technology-forward golf company, has closed its underwritten public offering of 366,000 shares of Common Stock, raising gross proceeds of approximately $732,000. The company plans to use the net proceeds for general corporate and working capital needs. The offering closed on October 10, 2024.
Aegis Capital Corp. acted as the sole book-running manager and has been granted a 45-day option to purchase additional shares up to 15% of the offering to cover over-allotments. If fully exercised, this could increase total gross proceeds to approximately $842,000. The offering was made pursuant to an effective registration statement on Form S-3 previously filed with the SEC.
Sacks Parente Golf (Nasdaq: SPGC), a technology-forward golf company, has announced the pricing of its underwritten public offering of 366,000 shares of Common Stock. The offering is expected to raise gross proceeds of approximately $732,000, before deducting underwriting discounts and other expenses. The company plans to use the net proceeds for general corporate and working capital needs.
The offering is expected to close around October 10, 2024. Aegis Capital Corp. is acting as the sole book-running manager and has been granted a 45-day option to purchase additional shares up to 15% of the offering to cover over-allotments. If fully exercised, this could increase the total gross proceeds to about $842,000. The offering is made pursuant to an effective registration statement on Form S-3 previously filed with the SEC.
NEWTON GOLF Company (Nasdaq: SPGC) has introduced advanced Newton Motion shafts for golfers with high swing speeds. The new driver and fairway woods shafts extend the flex scale with 6.5-dot and 7-dot options, designed for elite players including professionals on various tours and top collegiate golfers.
Key specifications:
- 6.5-DOT: 300 cpm, 3.4 Torque, 76g, for swing speeds of 110-120 mph
- 7-DOT: 320 cpm, 3.1 Torque, 79g, for swing speeds exceeding 120 mph
The shafts, priced at $275.00 each, are sold 'ready to play' with a shaft adapter and Lamkin Crossline 360 grip. They are manufactured in the Company's St. Joseph, Missouri facility and are available for purchase at newtonshafts.com.
NEWTON GOLF (Nasdaq: SPGC) has launched its new Gravity Premium Series of putters, building on its recent rebranding. The series includes three new models (The Classic, DEUCE, and DUKE) and two redesigned classics (DRAC and PRISM). These putters feature Ultra'Low Balance Point (ULBP) and Center of Gravity (CG) technology, along with a new Newton Tempo shaft.
Key features of the Gravity putters include:
- Advanced technology for improved tempo and consistency
- Maximum Moment of Inertia (MOI) for increased stability
- Premium ceramic coating finish
- Prices ranging from $450 MSRP
The putters will be available for preorder on October 1, 2024, at newtongolfco.com.
NEWTON GOLF: A Sacks Parente Company (Nasdaq: SPGC) has appointed Doug Samuelson as its new Chief Financial Officer, effective September 9, 2024. Samuelson, a CPA with 30 years of experience, brings extensive accounting and financial reporting expertise from his roles as CFO in various public and private companies. He replaces former CFO Steve Handy, who resigned to pursue other opportunities.
Executive Chairman Greg Campbell expressed confidence in Samuelson's ability to support the company's growth trajectory. Samuelson's background includes significant SEC reporting and Sarbanes Oxley compliance experience, as well as over a decade in public accounting. He holds a B.S. in Accounting from the University of Utah and an M.S. in Computer Science from California State University, Northridge.
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