Newton Golf Company Reports Significant Revenue Growth but Widened Net Loss in Q2 2025

Newton Golf Company, Inc. reported significant financial performance improvements in its latest 10-Q filing for the second quarter of 2025. The company achieved net sales of $2.068 million for the three months ended June 30, 2025, a substantial increase from $813,000 during the same period in 2024. For the first half of 2025, net sales reached $3.278 million, compared to $1.163 million in the prior year. The gross profit for the second quarter was $1.399 million, up from $489,000 in the previous year, while the gross profit for the six-month period was $2.251 million, compared to $695,000 in 2024.

Despite the increase in revenue, Newton Golf reported a net loss of $1.520 million for the second quarter of 2025, widening from a loss of $1.155 million in the same quarter of 2024. The loss for the first half of 2025 was $2.045 million, slightly improved from $2.348 million in the prior year. The company's operating expenses also rose significantly, totaling $2.906 million for the second quarter, compared to $1.691 million in 2024, primarily due to increased selling, general, and administrative expenses.

Strategically, Newton Golf underwent a corporate rebranding, changing its name from Sacks Parente Golf, Inc. to Newton Golf Company, Inc. on March 18, 2025. This change reflects the company's commitment to innovation in golf technology. The company has also expanded its product offerings, focusing on advanced premium golf shafts and plans to enter the golf apparel market. The company continues to sell its products through various channels, including online sales and distributors in the U.S., Japan, and South Korea.

Operationally, Newton Golf's customer engagement metrics have shown improvement, with online sales contributing $1.9 million in the second quarter of 2025, compared to $646,000 in the same period last year. The company reported a total of 4.516 million shares outstanding as of June 30, 2025, following a reverse stock split that took effect in March 2025. The company’s cash and cash equivalents decreased to $4.005 million from $7.650 million at the end of 2024, raising concerns about liquidity as it continues to incur losses.

Looking ahead, Newton Golf anticipates that its cash reserves will sustain operations for at least the next nine months. However, the company faces substantial doubt regarding its ability to continue as a going concern without securing additional financing. The management has indicated that future growth may depend on successful capital raising efforts and the ability to generate positive cash flow from operations. The company remains focused on expanding its product lines and enhancing its market presence to improve financial performance in the coming quarters.