NEWTON GOLF Company Reports Third Quarter 2024 Financial Results [Yahoo! Finance]
Sacks Parente Golf, Inc. (SPGC)
Company Research
Source: Yahoo! Finance
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 2Q24 Gross 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 manufacturing Closed a $732,000 underwritten public offering of shares of common stock Recent Corporate Highlights Announced a complete rebranding of the Company to NEWTON GOLF 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 of its largest golf retail locations Increased the number of professionals using the N
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News
- NEWTON GOLF to Present at the Winter 2024 Investor SummitGlobeNewswire
- Sacks Parente Golf GAAP EPS of -$0.73 misses by $0.04, revenue of $1.21M beats by $0.37M Nov. 15, 2024 3:32 AM ET By: Pranav Ghumatkar , SA News Editor [Seeking Alpha]Seeking Alpha
- NEWTON GOLF Company Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- NEWTON GOLF Company Provides Preliminary Financial Results for Third Quarter of 2024GlobeNewswire
- NEWTON GOLF to Present at the LD Micro Main Event XVIIGlobeNewswire
SPGC
Sec Filings
- 11/18/24 - Form DEF
- 11/14/24 - Form 10-Q
- 11/8/24 - Form PRE
- SPGC's page on the SEC website