Newton Golf Company (NASDAQ: NWTG), a leader in premium golf equipment innovation, reported fourth quarter revenue of $1.07 million, up 817% from the prior year, and full-year revenue of $3.45 million, marking an 887% year-over-year increase. The company also doubled its gross margin to 67% in 2024, fueled by enhanced manufacturing and an improved product mix. Newton Golf, formerly Sacks Parente Golf, highlighted global retail expansion, increased PGA TOUR Champions and LPGA Tour adoption, and a successful rebranding tied to its physics-based product innovation. With $7.65 million in cash as of Dec. 31, the company projects 14 months of runway and continues to pursue financing options for future growth.
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About Newton Golf
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 clubs that deliver unmatched stability, control, and performance. Our mission is to empower golfers with scientifically advanced equipment that maximizes consistency and accuracy, ensuring every swing is backed by the laws of physics.
NOTE TO INVESTORS: The latest news and updates relating to NWTG are available in the company’s newsroom at https://ibn.fm/NWTG
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