secwatch.observer — SEC 8-K summary
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Issuer:     Newton Golf Company, Inc. (NWTG)
CIK:        0001934245
Form:       8-K
Filed at:   2026-05-14T20:34:18+00:00
Accession:  0001493152-26-023135
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226023135/0001493152-26-023135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934245/000149315226023135/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-023135

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