NEWTON GOLF Company Provides Preliminary Financial Results for Third Quarter of 2024
Sacks Parente Golf, Inc. (SPGC)
Company Research
Source: GlobeNewswire
CAMARILLO, CA, Oct. 28, 2024 (GLOBE NEWSWIRE) -- NEWTON GOLF Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, reports preliminary financial results for the third quarter of 2024 (three months ended September 30, 2024) ahead of its quarterly filing. Financial Highlights for Third Quarter 2024 Revenue of $1,150,000 – $1,250,000 in 3Q24, an increase of 1,163% at the midpoint of the range over $95,000 in 3Q23 and a sequential increase of 48% at the midpoint of the range over $813,000 in 2Q24.Gross margin of 63-67% in 3Q24 was driven by increased volume in manufacturing and compares to 41% in 3Q23.Announced a complete rebranding of the Company.Launched the new Gravity Premium putter line with the introduction of five models.Expanded the Company’s global presence with the launch of the Newton Motion shafts in Japan in 50
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News
- NEWTON GOLF to Present at the LD Micro Main Event XVIIGlobeNewswire
- NEWTON GOLF Company Expands its Global Presence with the Launch of Newton Motion Shafts in JapanGlobeNewswire
- Sacks Parente Golf Inc. Announces Closing of $732,000 Underwritten Public Offering of Shares of Common StockGlobeNewswire
- Sacks Parente Golf Inc. Announces Pricing of $732,000 Underwritten Public Offering of Shares of Common StockGlobeNewswire
- NEWTON GOLF Company Introduces Advanced Newton Motion Shafts for Golfers with High Swing SpeedsGlobeNewswire
SPGC
Sec Filings
- 10/10/24 - Form 424B5
- 10/10/24 - Form 8-K
- 10/8/24 - Form 424B5
- SPGC's page on the SEC website