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
- Aegis Capital Corp. Acted as Sole Bookrunner on an Upsized $8.4 Million Underwritten Public Offering for Sacks Parente Golf, Inc. (NASDAQ: SPGC) [Yahoo! Finance]Yahoo! Finance
- Aegis Capital Corp. Acted as Sole Bookrunner on an Upsized $8.4 Million Underwritten Public Offering for Sacks Parente Golf, Inc. (NASDAQ: SPGC)Accesswire
- Sacks Parente Golf, Inc. Announces Closing of Upsized $8.4 Million Underwritten Public OfferingGlobeNewswire
- Sacks Parente Golf, Inc. Announces Pricing of Upsized $8.4 Million Underwritten Public OfferingGlobeNewswire
- NEWTON GOLF to Present at the Winter 2024 Investor SummitGlobeNewswire
SPGC
Sec Filings
- 12/18/24 - Form SCHEDULE
- 12/18/24 - Form 4
- 12/17/24 - Form 8-K
- SPGC's page on the SEC website