earnings
confidence high
sentiment positive
materiality 0.65
Sacks Parente Golf Q1 revenue $350k exceeds all FY2023; expects Q2 100% sequential growth
Newton Golf Company, Inc.
2024-Q1 EPS reported
-$0.08
revenue$350,000
- Q1 2024 revenue of $350k surpassed full-year FY2023 revenue; April 2024 expected to be record month.
- Q2 2024 revenue guided to double Q1 sequentially, citing seasonal strength and marketing traction.
- Expanded Newton shaft line with Motion Fairway Wood; shafts now in all 126 Club Champion stores.
- Appointed golf-industry veteran Jane Casanta to the Board of Directors.
- Entered player sponsorships with Ken Duke, Gene Sauers, and Fernandra Lira for Newton Motion shafts.