Bullish indicating open at $55-$60, IPO prices at $37
CAMARILLO, Calif. - Newton Golf Company, Inc. (NASDAQ:NWTG), a manufacturer specializing in technology-driven golf shafts, has successfully regained compliance with Nasdaq’s stockholders’ equity requirement, the company announced today. This follows a previous notice of non-compliance received on April 14, 2025, regarding the minimum stockholders’ equity threshold needed for continued listing on the Nasdaq Capital Market. According to InvestingPro data, the company maintains a healthy liquidity position with a current ratio of 3.65, indicating strong ability to meet short-term obligations.
The confirmation from Nasdaq came after Newton Golf’s recent filing of its Form 10-Q for the quarter ending March 31, 2025, which showed stockholders’ equity of $6.2 million, well above the required $2.5 million. Greg Campbell, Executive Chairman of Newton Golf, expressed satisfaction with the resolution of the compliance issue and emphasized the company’s strong balance sheet as a reflection of its business momentum and investor confidence. InvestingPro analysis confirms this financial stability, showing the company holds more cash than debt on its balance sheet.
This announcement comes on the heels of a robust first-quarter performance report, with Newton Golf revealing a 246% increase in year-over-year revenue growth. The company’s gross margin also saw an expansion to 70%, indicating improved unit economics and a strong product-market fit. InvestingPro data shows an even more impressive picture over the last twelve months, with revenue growth reaching 606.9% and gross margins holding strong at 67.83%. Notably, the first quarter is typically the off-season for golf, yet Newton Golf has reported continued expansion, with over 40 professional players now using Newton shafts across major tours.
In addition to its financial achievements, Newton Golf has also expanded its international presence and showcased its innovations at the 2025 PGA Show, further solidifying its reputation as an emerging brand in the performance golf sector. Based on Fair Value calculations from InvestingPro, the stock currently appears undervalued, potentially presenting an opportunity for investors interested in the performance golf sector.
The information contained in this article is based on a press release statement from Newton Golf Company, Inc.
In other recent news, Newton Golf Company, previously known as Sacks Parente Golf, has undergone a corporate rebranding and announced a significant restructuring. The company has implemented a 1-for-30 reverse stock split, which was approved by the Board of Directors and detailed in an SEC filing. This move aims to consolidate shares and address the issue of Series B Warrants exceeding the available authorized shares. The reverse stock split will automatically convert every 30 shares of issued and outstanding common stock into one share, with fractional shares being rounded up. As a result, Newton Golf will begin trading under the new ticker symbol NWTG on the Nasdaq Capital Market. Additionally, the company completed a public offering in December 2024, raising approximately $8.4 million to support strategic initiatives. These changes are part of a broader strategy to strengthen Newton Golf’s market position and brand recognition. Investors are advised to monitor these developments closely as they can impact share value and ownership percentages.
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