Business
Newton Golf Company Reports Second Quarter 2025 Financial Results
Revenue Climbs 154% Year-over-Year as Tour Adoption and Product Momentum Accelerate CAMARILLO, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- via IBN – Newton Golf
About this update from Newton Golf Company, Inc.
[{"type":"text","content":"Revenue Climbs 154% Year-over-Year as Tour Adoption and Product Momentum Accelerate\nCAMARILLO, Calif., Aug. 14, 2025 (GLOBE NEWSWIRE) -- via IBN – Newton Golf Company (NASDAQ: NWTG) (“Newton Golf” or the “Company”), a technology-forward golf company delivering physics-based performance innovations, today announced financial results for the second quarter ended June 30, 2025. Second Quarter and Year-to-Date 2025 Highlights Q2 2025: Revenue increased 154% year-over-year to $2.1 million, compared to $813,000 in Q2 2024First Six Months 2025: Revenue increased 182% year-over-year to $3.3 million, compared to $1.2 million in the first half of 2024Q2 2025: Gross profit rose 186% to $1.4 million, up from $489,000 in Q2 2024First Six Months 2025: Gross profit increased 224% to $2.3 million, up from $695,000 in the first half of 2024Q2 2025: Gross margin improved to 67.6%, compared to 60.1% in Q2 2024First Six Months 2025: Gross margin expanded to 68.7%, compared to 59.8% in the first half of 2024Q2 2025: Net loss of $1.5 million, or ($0.34) per share, compared to a net loss of $1.2 million, or ($0.79) per share, in Q2 2024First Six Months 2025: Net loss of $2.1 million, or ($0.74) per share, compared to a net loss of $2.4 million, or ($1.61) per share, in the first half of 2024Cash & Equivalents: $4.0 million as of June 30, 2025 Management Commentary Greg Campbell, CEO: \"Our Q2 results highlight continued progress across multiple channels, with strong performance from our Motion and Fast Motion shafts, growing adoption among tour professionals, and expanding relationships with global distributors. We also increased our marketing and sales investments this quarter to build on that momentum heading into the second half of the year.\" Jeff Clayborne, CFO: \"It’s an exciting time to join Newton Golf as we build both financial momentum and market presence. In Q2, we delivered meaningful top-line growth and maintained solid margins, supported by strong product demand and operational efficiency. We remain focused on disciplined execution as we scale, and confident in our ability to drive long-term value for shareholders.\" Recent Business Highlights Miguel Ángel Jiménez earned his second PGA TOUR Champions victory using the Newton Fast Motion shaftLaunched on April 29, 2025, the Newton Fast Motion golf shaft has surged to become a breakout su...