Welcome to our dedicated page for Sacks Parente news (Ticker: SPGC), a resource for investors and traders seeking the latest updates and insights on Sacks Parente stock.
Overview
Sacks Parente Golf Inc is a technology-forward golf equipment manufacturer that designs, manufactures, and sells a diverse portfolio of golf products. Specializing in precision engineering, sports technology, and golf innovation, the company develops high-performance putting instruments, golf shafts, and grips tailored to meet the needs of both amateur and professional golfers.
Business Segments and Core Functions
The company operates across multiple core business segments that include:
- Golf Putting Instruments: Innovative designs aimed at improving putting accuracy and performance.
- Golf Shafts and Grips: Advanced manufacturing processes that ensure durability, weight optimization, and player comfort.
- Golf-Related Products: A broad range of supplementary products that support the overall golfing experience.
Each segment is supported by rigorous research and development, ensuring products meet the evolving demands of the golf industry.
Product Portfolio and Innovation
Sacks Parente Golf embraces technology-driven solutions to enhance product performance and customization. The company's product portfolio is developed using state-of-the-art materials and engineering techniques to cater to varying skill levels. Beyond hardware, Sacks Parente offers online custom fitting programs designed to provide tailored recommendations, reflecting its commitment to innovation and user experience.
Manufacturing and Design Excellence
The company’s manufacturing process integrates advanced technologies that underscore its expertise in design and production. By harnessing cutting-edge machinery and quality control protocols, Sacks Parente ensures that every product maintains a high standard of performance. This approach not only emphasizes craftsmanship but also positions the company as a trusted provider in the competitive golf equipment sector.
Global Distribution and Market Presence
Sacks Parente Golf effectively leverages diverse distribution channels to reach a global clientele. Its products are sold through reputable e-commerce platforms, distributors, wholesale channels, and retail networks such as golf course pro-shops and sporting goods stores. The company's extensive network spans across the Americas, Asia, and Europe, enabling a broad market presence that reinforces its status as a significant player in the niche golf equipment market.
Competitive Differentiators and Industry Position
What sets Sacks Parente apart is its commitment to integrating advanced technologies within traditional golf equipment manufacturing. The company focuses on precision, durability, and user-centric design, thus differentiating itself in a market that values both performance and aesthetics. Its systematic approach to product development and commitment to quality ensures that the brand remains noteworthy even amid stiff competition.
Customer Focus and Market Segments
Sacks Parente Golf is dedicated to addressing the unique needs of golfers of all skill levels. By offering products that are engineered for performance and comfort, the company maintains strong relationships with various customer segments including professional athletes, amateur enthusiasts, and corporate clients. This extensive market reach not only drives product adoption but also reinforces the company’s breadth of expertise in the golf industry.
Commitment to Quality and Technological Integration
At the heart of its operations, Sacks Parente Golf combines traditional golf craftsmanship with modern technology to deliver products that enhance the sporting experience. The company’s focus on research and development is evident in its high-performance product lines and tailored fitting programs. This blend of legacy expertise and innovative practices is fundamental to backing every design decision with practical, industry-informed insights.
Industry Engagement and Trustworthiness
The company has fostered strong relationships within the golf community, consistently providing clarity on its operational models and product innovations. Its communications, including detailed investor relations contact and corporate communications, reflect a commitment to transparency and professional engagement. By operating with clear and verifiable channels for investor and customer queries, Sacks Parente Golf reinforces its authoritative voice within the market.
Conclusion
Overall, Sacks Parente Golf Inc stands out due to its technology-forward approach, comprehensive product portfolio, and robust market strategies. Its focus on integrating modern design with traditional craftsmanship, combined with multiple distribution channels, establishes the company as a reliable and expert entity within the golf equipment industry.
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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