Newton Golf Company, Inc. NWTG
designs, manufactures, and sells performance golf equipment, including premium golf shafts and putters, and focuses on developing
technology-driven golf products intended to enhance player performance. The Company's Newton Motion™ shaft product line
represents a core component of its product strategy and has contributed significantly to recent revenue growth.
April 2022, the Company expanded its manufacturing capabilities by opening a shaft manufacturing facility in St. Joseph, Missouri to
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $8.1M | $3.4M | $349.0K | $190.0K | — |
| Cost of revenue | $3.6M | $1.2M | $227.0K | $110.0K | — |
| Gross profit | $4.6M | $2.3M | $122.0K | $80.0K | — |
| R&D | $779.0K | $743.0K | $258.0K | $73.0K | — |
| SG&A | $11.3M | $6.5M | $4.5M | $2.9M | — |
| Total operating expenses | $12.1M | $7.3M | $4.8M | $2.9M | — |
| Operating income | -$7.5M | -$5.0M | -$4.6M | -$2.9M | — |
| Interest expense | — | — | $8.0K | $64.0K | — |
| Net income | -$6.0M | -$11.8M | -$4.6M | -$3.5M | — |
| EPS, basic | -1.63 | -178.33 | -113.38 | -0.34 | — |
| EPS, diluted | -1.63 | -178.33 | -113.38 | -0.34 | — |
| Shares, diluted (wtd. avg.) | 3.7M | 65,899 | 40,791 | 10.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $1.3M | $7.7M | $5.3M | $147.0K | — |
| Receivables | $102.0K | $115.0K | $53.0K | $2.0K | — |
| Inventory | $374.0K | $913.0K | $248.0K | $142.0K | — |
| Total current assets | $2.2M | $9.0M | $5.8M | $331.0K | — |
| Property, plant and equipment | $880.0K | $716.0K | $379.0K | $122.0K | — |
| Total assets | $3.3M | $9.8M | $6.4M | $710.0K | — |
| Accounts payable | $1.5M | $572.0K | $401.0K | $97.0K | — |
| Total current liabilities | $2.3M | $14.9M | $475.0K | $2.2M | — |
| Total liabilities | $2.4M | $15.0M | $604.0K | $2.2M | — |
| Retained earnings | -$28.1M | -$22.1M | -$10.3M | -$5.7M | — |
| Total equity | $926.0K | -$5.2M | $5.8M | -$1.9M | -$1.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$5.2M | -$4.9M | -$5.0M | -$785.0K | — |
| Depreciation and amortisation | $305.0K | $165.0K | $32.0K | $11.0K | — |
| Stock-based compensation | $274.0K | $308.0K | $443.0K | — | — |
| Capital expenditure | $469.0K | $502.0K | $289.0K | $75.0K | $58.0K |
| Investing cash flow | -$469.0K | -$502.0K | -$289.0K | -$75.0K | — |
| Financing cash flow | -$717.0K | $7.7M | $10.5M | $847.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-014164.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $190.0K | $349.0K | $3.4M | $8.1M |
| Gross profit | — | $80.0K | $122.0K | $2.3M | $4.6M |
| Net income | — | -$3.5M | -$4.6M | -$11.8M | -$6.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Material agreement signed Item 1.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Unregistered share sale Item 3.02
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3949
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| CALY | Callaway Golf Co | $2.52B | — | -0.8% |
| PTON | PELOTON INTERACTIVE, INC. | $2.28B | 38.4x | -1.8% |
| ESCA | ESCALADE INC | $255.2M | 18.7x | -4.5% |
| AOUT | American Outdoor Brands, Inc. | $219.0M | — | -14.3% |
| CLAR | Clarus Corp | $146.6M | — | -5.2% |
| TRUG | TruGolf Holdings, Inc. | $800.1K | — | -11.3% |