Newton Golf Company, Inc.

Listed Company

NWTGCIK 0001934245NasdaqEmerging GrowthSporting & Athletic Goods, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$8.13M

Net Income

$-6.02M

Total Assets

$3.30M

Equity

$926.0K

Shares Out

4.59M

Op. Cash Flow

$-5.17M

Business

Newton Golf Company, Inc. is a technology-forward golf equipment manufacturer and developer focused on advanced physics-driven design and precision engineering. It offers golf putting instruments, premium golf shafts, grips, replacement shafts, and other golf-related products with planned expansion into soft goods and accessories. The company operates through business segments for golf putting instruments, golf shafts, and golf-related products, leveraging proprietary technologies such as Ultra-Low Balance Point and Newton shaft innovations. It distributes products via e-commerce, resellers, distributors, wholesale channels, pro-shops, mass merchants, Club Champion fittings and retail locations across the Americas, Asia (notably Japan and South Korea) and Europe.

Summary from filing dated 2025-04-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Revenues	8	3	349,000	190,000
Cost of goods sold	4	1	227,000	110,000
Gross profit	5	2	122,000	80,000
Selling, general and administrative expense	11	7	4	3
Research and development expenses	779,000	743,000	258,000	73,000
Total operating expenses	12	7	5	3
Loss from operations	−8	−5	−5	−3
Interest income, net	99,000	161,000	8,000	—
Financing costs	—	−7	—	—
Change in fair value of warrant liabilities	1	−22,000	—	—
Net Loss	−6	−12	−5	−4
Loss per common share, basic	−1.63	−178.33	−113.38	−0.34
Loss per common share, diluted	−1.63	−178.33	−113.38	−0.34
Weighted average common shares outstanding, basic	4	65,899	40,791	10
Weighted average common shares outstanding, diluted	4	65,899	40,791	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1	8	5	147,000	—
Accounts receivable, net	102,000	115,000	53,000	2,000	—
Inventory, net of reserve for obsolescence of $135,000 and $49,000, respectively	374,000	913,000	248,000	142,000	—
Prepaid expenses and other current assets	413,000	274,000	196,000	16,000	—
Total Current Assets	2	9	6	331,000	—
Property and equipment, net	880,000	716,000	379,000	122,000	—
Right of use asset	84,000	34,000	65,000	22,000	—
Software licensing agreement, net	25,000	59,000	—	—	—
Deferred Offering Costs	123,000	—	—	230,000	—
Deposits	—	5,000	5,000	5,000	—
Total Other Assets	1	814,000	559,000	—	—
TOTAL ASSETS	3	10	6	710,000	—
Accounts payable and accrued expenses	2	572,000	401,000	97,000	—
Lease liability, current	40,000	34,000	31,000	17,000	—
Software licensing obligation, current	41,000	54,000	41,000	—	—
Warrant Liability	745,000	14	—	—	—
Total Current Liabilities	2	15	475,000	2	—
Software licensing fee obligation, net of current	—	32,000	95,000	—	—
Lease liabilities, net of current	44,000	—	34,000	6,000	—
Total Liabilities	2	15	604,000	2	—
Preferred stock, par value $0.01, 5,000,000 shares authorized; no shares issued and outstanding, respectively	—	—	—	—	—
Common stock, par value $0.01, 45,000,000 shares authorized; 4,592,063 and 297,184 shares issued and outstanding, respectively	45,000	3,000	1,000	108,000	—
Additional paid-in capital	29	17	16	4	—
Accumulated deficit	−28	−22	−10	−6	—
Total Shareholders Equity (Deficiency)	926,000	−5	6	−2	−1
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY (DEFICIENCY)	3	10	6	710,000	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Depreciation	305,000	165,000	32,000	11,000
Amortization of deferred software licensing agreement	34,000	51,000	26,000	—
Amortization of prepaid restricted stock	168,000	—	—	—
Bad debt expense	50,000	19,000	—	—
Inventory reserve	86,000	−49,000	—	—
Financing costs	—	7	—	—
Stock-based compensation expense	274,000	308,000	—	—
Right-of-use asset	35,000	31,000	30,000	—
Accounts receivable	−37,000	−81,000	−51,000	9,000
Inventory	453,000	−616,000	−131,000	−62,000
Prepaids and other current assets	14,000	−78,000	−180,000	4,000
Deposits	5,000	—	—	−1,000
Accounts payable and accrued expenses	931,000	171,000	304,000	88,000
Lease liability (ROU)	−35,000	−31,000	−31,000	−11,000
Customer deposits	—	−2,000	−19,000	18,000
Net cash used in operating activities	−5	−5	−5	−785,000
Purchase of property and equipment	−469,000	−502,000	−289,000	−75,000
Net cash used in investing activities	−469,000	−502,000	−289,000	−75,000
Treasury stock	−500,000	—	—	—
Offering costs	−123,000	—	11	—
Proceeds from public sale of common stock, net	−49,000	8	—	—
Software licensing obligation	−45,000	−50,000	—	—
Net cash (used in) provided by financing activities	−717,000	8	11	847,000
Net (decrease) increase in cash	−6	2	5	−13,000
Cash paid for interest	—	—	—	—
Cash paid for income taxes	—	—	—	—
Fair value of warrant liability converted to equity	12	14	—	—
New right of use asset and lease liability	106,000	—	73,000	34,000
Recording of restricted stock unit as prepaid asset	321,000	—	—	—

Filings

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