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Noticias de SPGC
Eventos de SPGC
Sacks Parente Golf reports preliminary Q4 revenue $1.1M-$1.3M
NEWTON GOLF Executive Chairman Greg Campbell commented, "Our expected improved results in 4Q24 and full year 2024 is reflective of the growing acceptance of our unique technology and design elements in our putters and replacement shafts. We recognized significantly increased sales of our NEWTON Motion replacement shafts throughout 2024 from both professional and recreational golfers, and we expect that momentum to continue in 2025. Despite it being generally off season for golf, we were pleased with our Black Friday and Cyber Monday sales, and we look forward to improved gross margin performance as we scale production and bring down unit cost."
Newton Golf appoints Ryan Stearns as CFO
NEWTON GOLF Company announces the appointment of Ryan Stearns as CFO. Stearns will oversee the Company's financial strategy, operational reporting, and technology integration to support the brand's continued growth and global expansion. Most recently, he served as CFO of a professional consulting firm specializing in healthcare, fintech, and SaaS..
Sacks Parente Golf reports Q3 EPS (73c) vs (94c) last year
Reports Q3 revenue $1.211M vs $95,000 last year
Sacks Parente Golf sees Q3 revenue $1.15M-$1.25M vs. $95,000 last year
Gross margin of 63-67% in 3Q24 was driven by increased volume in manufacturing and compares to 41% in 3Q23. NEWTON GOLF Company Executive Chairman Greg Campbell commented, "Our third quarter was marked by continued momentum in the sales of our Newton Motion replacement driver shafts and the first full quarter of revenue from our fairway woods replacement shafts. The continued traction we are seeing from professional golfers, highlighted by 34 Champions TOUR players now using the Newton Motion shafts, gives us confidence that our technology-forward approach to design is the proper cornerstone of our product development strategy. Additionally, a recent launch of our putter line that now carries the NEWTON GOLF Gravity brand can potentially add to our growth trajectory."
Newton Golf launches Newton Motion shafts in Japan
NEWTON GOLF Company announces the launch of its Newton Motion shafts in Japan. Now available in 50 of the largest retail golf stores across Japan, golfers and golf enthusiasts in Japan have access to the Company's proprietary Newton Motion shaft design and construction, including the four essential technologies embedded in each shaft: Elongated Bend Profile; Kinetic Storage Construction; Newton Symmetry360 Design; and a Variable Bend Profile. In addition to this new, extensive retail presence, NEWTON GOLF has partnered with GDO, Japan's largest e-commerce company for distribution of the Newton Motion shafts, ensuring that golfers can conveniently purchase the new shafts online.
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