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CAMARILLO, Calif. - Newton Golf Company (NASDAQ:NWTG), a prominent developer of golf equipment with a market capitalization of $7.8 million, today announced the appointment of Jeff Clayborne as Chief Financial Officer. Clayborne, with over three decades of financial leadership experience, assumes his new role effective immediately, overseeing the company’s financial operations, including investor relations and capital markets strategy.
Clayborne’s career spans various industries, including consumer products and technology. Before joining Newton Golf, he served as CFO of Perfect Moment (NYSE American: PMNT), where he played a pivotal role in the company’s initial public offering and financial restructuring. According to InvestingPro data, Newton Golf maintains impressive gross profit margins of 67.8% and a healthy current ratio of 3.65, though the company faces challenges with cash burn rates. His prior positions include financial leadership roles at Shopify-integrated SONDORS and NetSuite-implemented Verb Technology, enhancing his expertise in direct-to-consumer and enterprise systems, crucial for Newton Golf’s strategic growth.
Dr. Greg Campbell, Executive Chairman and CEO of Newton Golf, expressed confidence in Clayborne’s ability to drive financial discipline and margin performance, emphasizing his fit with the company’s consumer-focused and growth-oriented culture. The appointment comes as analysts project sales growth for the current year, despite the stock’s significant decline of 98.8% over the past year. InvestingPro analysis reveals 15 additional key insights about the company’s financial health and market position.
Clayborne’s previous experience includes serving as CFO of Verb Technology Company, Inc. (NASDAQ:VERB), managing financial operations at Universal Music Group, and spearheading business transformations at The Walt Disney Company. His appointment is expected to fortify Newton Golf’s financial foundation and support its expansion, particularly in direct-to-consumer channels and international markets.
In his statement, Clayborne expressed enthusiasm for joining Newton Golf during a significant growth phase and highlighted the company’s commitment to innovation and U.S.-based manufacturing. He aims to leverage his experience to enhance Newton’s financial performance.
Newton Golf, known for applying physics principles to golf equipment design, offers products such as Newton Motion shafts and Gravity putters, designed to improve stability, control, and performance for golfers. Based on InvestingPro’s Fair Value analysis, the stock currently appears undervalued, presenting potential opportunities for investors interested in the sporting goods sector.
This announcement is based on a press release statement, which includes forward-looking statements subject to risks, uncertainties, and other factors that may affect the company’s actual results and performance. Newton Golf cautions that these statements are not guarantees of future performance.
In other recent news, Newton Golf Company, formerly known as Sacks Parente Golf, has announced a significant corporate restructuring. The company completed a 1-for-30 reverse stock split and changed its name to Newton Golf, aligning with its focus on advanced golf technology. This move coincided with a recent public offering that raised approximately $8.4 million to support strategic initiatives and product development. Newton Golf has also regained compliance with Nasdaq’s stockholders’ equity requirement, reporting $6.2 million in equity, surpassing the $2.5 million threshold. This compliance followed a robust first-quarter performance, with a 246% increase in year-over-year revenue and an expanded gross margin of 70%. Additionally, the company has expanded its international presence and showcased its innovations at the 2025 PGA Show. The reverse stock split and rebranding are part of a broader strategy to strengthen Newton Golf’s market position. These developments are seen as steps toward enhancing the company’s brand recognition in the competitive golf industry.
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