Newton Golf (NASDAQ:NWTG) Announces Quarterly Earnings Results

Posted by on May 16th, 2026

Newton Golf (NASDAQ:NWTG – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.58) earnings per share (EPS) for the quarter, Zacks reports. Newton Golf had a negative return on equity of 292.57% and a negative net margin of 103.02%.The firm had revenue of $0.99 million during the quarter.

Here are the key takeaways from Newton Golf’s conference call:

  • Q1 revenue fell 18% to $1.0 million as temporary manufacturing capacity constraints and delayed order fulfillment weighed on results. The company said the disruption was tied to investments made to support future growth.
  • Profitability weakened sharply, with gross margin declining to 63% from 70% a year ago and net loss widening to $2.7 million, or $0.58 per share. Management attributed the pressure to lower production volumes, higher labor/manufacturing costs, and bonus accruals.
  • Underlying demand remained strong, with about $1.2 million of customer deposits and open sales orders at quarter-end that management expects to convert into revenue as operations normalize. The company said only about $300,000 of roughly $1.5 million in initial orders were canceled.
  • The company is expanding distribution and product breadth, including an exclusive Voice Caddie agreement in South Korea, growth in the professional fitter network to about 235 accounts, and upcoming Fast Motion fairway wood and hybrid shaft launches expected in Q3 2026. Management believes this supports a multi-club platform strategy and higher revenue per golfer.
  • Newton Golf is investing in factory scaling and financing flexibility, including hiring an experienced manufacturing executive, improving production planning, and raising capital through convertible notes plus its ATM facility. Management also said it is actively searching for a new CEO and plans to submit a Nasdaq compliance plan.

Newton Golf Stock Down 1.8%

NASDAQ:NWTG traded down $0.02 during midday trading on Friday, hitting $1.09. The stock had a trading volume of 97,223 shares, compared to its average volume of 53,370. Newton Golf has a one year low of $0.82 and a one year high of $2.23. The company has a market capitalization of $5.00 million, a price-to-earnings ratio of -0.61 and a beta of 2.72. The stock has a 50-day moving average of $1.38 and a 200 day moving average of $1.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. DRW Securities LLC bought a new position in Newton Golf in the fourth quarter worth approximately $27,000. Virtu Financial LLC bought a new position in Newton Golf in the third quarter worth approximately $28,000. Finally, Geode Capital Management LLC grew its stake in Newton Golf by 45.6% in the fourth quarter. Geode Capital Management LLC now owns 41,530 shares of the company’s stock worth $62,000 after purchasing an additional 13,001 shares in the last quarter. Institutional investors own 0.49% of the company’s stock.

Newton Golf Company Profile

(Get Free Report)

Sacks Parente Golf, Inc (“SPG”) is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. In April 2022, in consideration of our growth opportunities in shaft technologies, we expanded our manufacturing business to include advanced premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. We intend to manufacture and assemble substantially all products in the United States.

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