Newton Golf Company, Inc.
Business
Newton Golf Company, Inc. designs, manufactures, and sells performance golf equipment, including premium composite golf shafts and putters that incorporate proprietary engineering and material technologies. The Company's core product line consists of Newton Motion shafts (driver, fairway wood, and hybrid models) and Newton Gravity putters featuring ultra-low balance point technology. Newton sells primarily through direct-to-consumer e-commerce channels and wholesale distribution via professional club fitters, golf retailers, and distributors, with domestic manufacturing in Missouri and international distribution in Japan and South Korea.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Newton Golf Company, Inc.'s CIK number?
Newton Golf Company, Inc.'s SEC CIK number is 0001934245 (1934245). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Newton Golf Company, Inc.'s SEC filings?
All of Newton Golf Company, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Newton Golf Company, Inc. last report earnings?
Newton Golf Company, Inc. (NWTG) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-023135). This is Newton Golf Company, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Newton Golf Company, Inc.'s most recent earnings 8-K?
Newton Golf Company, Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001493152-26-023135. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Newton Golf Company, Inc.'s latest earnings 8-K →
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