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Company announces financial results with notable improvements in key metrics.
Newton Golf Company announced on 2025-03-31 Newton Golf Company announced its fourth quarter and full year 2024 financial results, reporting significant revenue growth and gross margin expansion.
Fourth Quarter Revenue of $1,073,000, an 817% increase from $117,000 in Q4 2023. Fourth Quarter Gross Margin expanded to 73%, up from 36% in Q4 2023. Full-Year Revenue of $3.445 million, representing an 887% increase from $349,000 in fiscal 2023. Full-Year Gross Margin increased to 67%, compared to 35% in fiscal 2023. Cash balance of $7.65 million as of Dec. 31, 2024. Change in Fair Value of Warrant Liability of $259,000. The announcement cited Financing Costs of $5,631,000.. Share consideration (payable in the issuer's shares): 7,000,000 shares.
Newton Golf Company, Inc. Common Stock has a free float of 4,316,200 shares and 4,516,100 shares outstanding.
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