Delivers largest revenue quarter in company history with 113% year-over-year revenue growth <\/p>\n
CAMARILLO, CA \u2013 \u00a0 Newton Golf Company, Inc. (NASDAQ: NWTG) (\u201cNewton Golf\u201d or the \u201cCompany\u201d), a technology-forward golf-equipment innovator applying physics-driven engineering to golf performance, today announced financial results for the third quarter ended Sept. 30, 2025.<\/p>\n
Third Quarter and Year-to-Date 2025 Financial Highlights<\/p>\n
Q3 2025 Revenue: $2.58 million, up 113% from $1.21 million in Q3 2024
\nFirst Nine Months 2025 Revenue: $5.86 million, up 147% from $2.37 million in the prior year period
\nQ3 2025 Gross Profit: $1.73 million (up 115% over Q3 2024) with 67% gross margin
\nFirst Nine Months Gross Profit: $3.99 million (up 166% over the prior year period) with 68% gross margin
\nQ3 2025 Net Loss: $1.58 million ($0.34 per share) compared to $1.06 million ($21.79 per share) in Q3 2024
\nCash & Equivalents: $2.55 million as of Sept. 30, 2025
\nFull-Year 2025 Guidance Reaffirmed: $7 million \u2013 $7.5 million, representing 100%+ growth year-over-year<\/p>\n
Management Commentary<\/p>\n
Greg Campbell, Chief Executive Officer, stated:
\u201cQ3 2025 delivered another quarter of strong execution and accelerating adoption of Newton shaft technology. Revenue grew 113% year-over-year, gross margin remained strong at 67%, and demand continues to broaden across all channels.\u201d<\/p>\n
Tour Adoption Accelerating<\/p>\n
More than 60 professionals across the PGA TOUR Champions, LPGA, and Korn Ferry Tours are now gaming Newton shafts
\nIncludes multiple major champions and Ryder Cup alumni
\nVisibility on tour continues to translate to consumer demand and professional club fitter adoption<\/p>\n
\u201cElite players demand performance \u2014 and they don\u2019t use products that can\u2019t deliver. The growing number of professionals gaming Newton shafts underscores the proven technology behind our motion-optimized designs and strengthens our brand credibility with consumers.\u201d<\/p>\n
Fast Motion: Strongest Launch in Company History<\/p>\n
Fast Motion delivered the fastest sales growth of any Newton shaft line
\nQ3 2025 sales were up more than 300% from Q2 2025
\nDemand continues to exceed internal forecasts<\/p>\n
\u201cFast Motion is a commercial success, reflecting strong consumer validation and our ability to scale manufacturing as volume grows.\u201d<\/p>\n
Channel Expansion and E-Commerce Growth<\/p>\n
Continued expansion of professional club fitter and retail coverage in the U.S.
\nDirect-to-consumer channel continues to deliver premium margins and strong repeat-purchase rates<\/p>\n
Japan e-commerce launch:<\/p>\n
\u201cIn October 2025, we launched our dedicated Japanese e-commerce site, enabling direct access to Newton products in the world\u2019s second-largest golf market. Japan represents approximately 11.4 million active golfers as of 2023 and one of the highest per-golfer equipment spend levels globally. Early consumer response and professional club fitter engagement have been strong, and we expect Japan to be a meaningful contributor to revenue growth in 2026.\u201d<\/p>\n
Operational Execution<\/p>\n
Added production capacity at the St. Joseph, Missouri, facility
\nImproved manufacturing efficiency to support increasing demand entering 2026
\nAdvanced companywide systems and process optimization to support scalable growth and drive long-term operating efficiency<\/p>\n
Business Outlook<\/p>\n
\u201cWe are executing against a clear plan: expand Newton\u2019s tour presence, scale our professional club fitter and retail footprint, deepen OEM engagement, and accelerate product innovation. We believe these efforts position Newton for continued long-term growth.\u201d<\/p>\n
Strategic priorities for 2026:<\/p>\n
OEM integration discussions underway with major club manufacturers
Approximately 4 million driver shafts are sold annually in the U.S. through OEM club manufacturers.
\nThree new premium shaft lines in development for 2026 launch
\nAdditional product categories to broaden revenue opportunities
\nLower operating expenses as a percentage of revenue<\/p>\n
Market Tailwinds<\/p>\n
The golf-equipment category remains healthy:<\/p>\n
~47 million active U.S. golfers and ~64 million worldwide
\nOver-40 segment \u2014 Newton\u2019s core customer \u2014 accounts for the highest equipment spend
\nGlobal equipment market of $7 billion \u2013 $9 billion, estimated to grow ~5% annually through 2030
\nUSGA & R&A ball-modification rules (2028\u20132030) expected to drive new equipment cycles<\/p>\n
\u201cNewton sits at a compelling point in the market where performance innovation aligns with long-term industry demand.\u201d<\/p>\n
CFO Commentary<\/p>\n
Jeff Clayborne, Chief Financial Officer, added:
\u201cQ3 2025 provided record topline growth. Revenue increased 113% year-over-year and gross margin remained strong at 67%. Gross profit for the nine months ended Sept. 30, 2025, increased 166% to $3.99 million as compared to the prior year period.\u201d<\/p>\n
The Company increased investment in professional services to modernize back-office systems, improve data accuracy, and build processes that support scalable growth and lower future operating costs. These efforts also include implementing enhanced policies, procedures, and internal controls as management continues to evaluate and remediate previously identified material weaknesses. Cash and cash equivalents of $2.55 million are available to support operations as the Company seeks to continue to grow.
\nFull-year revenue guidance reaffirmed at $7 million to $7.5 million<\/p>\n
\u201cWith a differentiated product portfolio, strong customer reception, and a scalable operating model, we believe Newton remains well-positioned for continued revenue growth into 2026.\u201d<\/p>\n
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Conference Call and Webcast<\/p>\n
Newton Golf will host a conference call and live webcast to discuss results:<\/p>\n
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About Newton Golf<\/p>\n
At Newton Golf, we harness the power of physics to revolutionize golf equipment design. Formerly known as Sacks Parente, our rebranding reflects our commitment to innovation inspired by Sir Isaac Newton, the father of physics. By applying Newtonian principles to every aspect of our design process, we create precision-engineered golf equipment\u2014including Newton Motion shafts and Gravity putters\u2014that delivers unmatched stability, control, and performance. Our mission is to empower golfers with scientifically advanced tools that maximize consistency and accuracy, ensuring every swing is backed by the laws of physics.<\/p>\n
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Forward-Looking Statements<\/p>\n
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or the future financial performance of the Company and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements.<\/p>\n
In some cases, forward-looking statements can be identified by terms such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cpotential,\u201d \u201ccontinues,\u201d or the negative of these terms or other comparable terminology. These statements include, but are not limited to, statements regarding the Company\u2019s revenue projections, growth strategy, product development, partnerships, and market opportunities.<\/p>\n
These forward-looking statements reflect the Company\u2019s current expectations and projections based on information available as of the date of this release and are subject to a number of risks and uncertainties, including, but not limited to, general economic, financial, and business conditions, changes in consumer demand and industry trends, the\u00a0Company\u2019s ability to successfully implement its strategic initiatives, competition in the golf-equipment market, supply-chain disruptions, regulatory compliance and legal proceedings, and other risks detailed from time to time in the Company\u2019s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.<\/p>\n
The Company cautions investors that forward-looking statements are not guarantees of future performance, and actual results may differ materially from those projected. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.<\/p>\n
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Media Contact<\/p>\n
Beth Gast \u2013 BG Public Relations Investor Contact<\/p>\n
beth.gast@bgpublicrelations.com<\/a><\/p>\n