NEWTON GOLF Company Reports Third Quarter 2024 Financial Results
Sacks Parente Golf, Inc. (SPGC)
Company Research
Source: GlobeNewswire
CAMARILLO, CA, Nov. 14, 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 financial results for its fiscal third quarter ended September 30, 2024. Financial Highlights for Third Quarter 2024 Revenue was $1,211,000 in 3Q24, an increase of 1,175% over $95,000 in 3Q23 and a sequential increase of 49% over $813,000 in 2Q24Gross margin as a percent of revenue increased from 41% in 3Q23 to 66.5% in 3Q24, and this increase was driven primarily by increased volume in manufacturingClosed a $732,000 underwritten public offering of shares of common stock Recent Corporate Highlights Announced a complete rebranding of the Company to NEWTON GOLF CompanyLaunched the new Gravity Premium putter line with the introduction of five modelsExpanded the Company’s global presence with the
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News
- NEWTON GOLF Announces $1 Million Share Repurchase AuthorizationGlobeNewswire
- NEWTON GOLF Company Provides Preliminary Financial Results for Fourth Quarter 2024 and Full Year 2024GlobeNewswire
- NEWTON GOLF to Present at the DealFlow Events MicroCap ConferenceGlobeNewswire
- NEWTON GOLF Company to Showcase New Products from its Shaft and Putter Divisions at the PGA Show in OrlandoGlobeNewswire
- NEWTON GOLF Company Appoints Ryan Stearns as Chief Financial OfficerGlobeNewswire
SPGC
Sec Filings
- 2/12/25 - Form 8-K
- 1/31/25 - Form 8-K
- 1/10/25 - Form DEF
- SPGC's page on the SEC website