NWTG News & Events

Reports Q1 revenue $991K vs. $1.2M last year. "During the quarter, we executed operational and manufacturing initiatives intended to support long-term production scalability, product consistency, and future growth opportunities as the Company continues expanding the Newton Motion platform across additional product categories and distribution channels," said Newton Golf interim CEO and CTO, Akinobu Yorihiro. "While these initiatives temporarily impacted shipment timing and near-term financial performance during the quarter, we believe these investments strengthened the Company's manufacturing foundation and better positioned us to support future growth more efficiently as manufacturing utilization improves. As of quarter end, the Company had approximately $1.2 million of expected future revenue represented by customer deposits and open wholesale sales orders associated with delayed shipments during the manufacturing transition period. We have already begun shipping these orders and expect fulfillment activities to continue improving during the current quarter. We also enhanced manufacturing management and operational planning processes to support the continued scaling of production operations. During the quarter, we expanded operational oversight within management and added additional manufacturing leadership experience to support production scaling initiatives, future product launches, and enhanced manufacturing execution."

Newton Golf Company has received a notification from the listing qualifications department of The Nasdaq Stock Market. The notification was anticipated following the Company's previously reported year-end financial results and has no immediate effect on the continued listing of the Company's common stock on Nasdaq. Nasdaq notified the Company that it is not in compliance with the continued listing requirements to maintain a minimum of $2.5M in stockholders' equity. The Company has until May 21 to submit a plan to regain compliance. However, the Company anticipates it will file the plan ahead of the May deadline. If the Company's compliance plan is accepted by Nasdaq, then Nasdaq may, in its discretion, grant the Company up to 180 calendar days from the date of the Nasdaq notice, or until October 3 to establish compliance. As part of its efforts to strengthen the balance sheet, the Company has entered into a $2M convertible note financing agreement subsequent to the 2025 year-end. Approximately $1.4M of the financing has been executed to date. The convertible note financing was completed at pricing above the Company's recent market levels and is expected to provide appropriate operating runway as the Company works to regain compliance. As a result, the Company believes it is positioned to access additional capital, if required, on more favorable terms, including through its previously announced at-the-market offering program. The Company expects to submit its compliance plan in advance of the applicable deadline and believes multiple balance sheet initiatives currently underway support its path toward regaining compliance within the Nasdaq review period.

Reports Q4 revenue $2.3M vs $1.1M last year. "In 2025, our record top-line results were driven by strong growth in our direct-to-consumer sales channel, increased adoption by professional club fitters, and expansion of our Newton Motion technology-driven shaft product line," said Newton Golf Interim CEO and CTO, Akinobu Yorihiro. "We expanded our direct-to-consumer channel through our websites, supported by improvements in digital marketing efficiency, higher conversion rates, and increasing repeat customer purchases. Our direct-to-consumer growth included achieving record single-day sales on Black Friday, reflecting strong consumer demand across key product lines. These results were supported by continued investments in marketing, personnel, and operational systems to support revenue growth and the scaling of the Newton brand."

Newton Golf has entered into an exclusive distribution agreement with VC Inc., a provider of golf rangefinders and GPS devices based in the Republic of Korea, for wholesale and retail distribution in South Korea.