Newton Golf Company, Inc. (NWTG) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to Newton Golf Company's third quarter 2025 earnings conference call. Today's call will include prepared remarks from Greg Campbell, Chairman and CEO, and Jeff Claiborne, our Chief Financial Officer. Following their remarks, we'll open the call for a Q&A session. As a reminder, today's discussion may include forward-looking statements. Actual results may differ materially from those expressed or implied due to risks and uncertainties described in the company's filings with the SEC. With that, I'll now turn the call over to Greg Campbell. Greg? Thank you, Colin, and good afternoon, everyone. Q3 marked a record quarter for Newton Golf, defined by continued growth, operational scale, and expanding brand recognition across the golf industry. We delivered 113% year-over-year revenue growth, reaching $2.5 million in net revenue, driven by robust product demand and continued market penetration. The company maintained a gross margin of 67%, reflecting effective pricing strategies, production efficiency, and the strength of its premium brand positioning. Year-to-date revenue has now reached $5.86 million, 147% increase over the same period last year. Our gross profit of roughly $4 million represents 166% improvement year-over-year, underscoring both product demand and disciplined cost control. We're seeing broad-braced strength across all channels. Tour adoption continues to accelerate with now more than 60 professionals gaming Newton shafts across the PGA Tour champions, LPGA, and Korn Ferry Tours. This validation from elite players continues to validate Newton's credibility and visibility, translating into increased consumer interest as well as the larger potential market of professional club fitter demand. The fast motion shaft, launched earlier...