Newton Golf Q1 net sales down 18% YoY to $991K; net loss widens to $2.7M

Newton Golf Company, Inc.

2026-Q1 EPS reported -$0.58 revenue$991,000

Net loss of $2.7M ($0.58 per share) vs $0.5M loss ($0.55 per share) in Q1 2025.
Net sales $991K (-18% YoY); gross margin 63% vs 70% due to temporary production inefficiencies.
Cash $593K at quarter end; issued $500K convertible note in March and $850K additional post-quarter.
$1.2M in expected future revenue from customer deposits ($0.9M) and open wholesale orders ($0.3M).
Introduced Fast Motion fairway/hybrid shafts at PGA Show; exclusive South Korea distribution with VOICE CADDIE; appointed John Bode to board; interim CEO Akinobu Yorihiro; CFO now also COO.

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