Logo

NWTG

Newton Golf Company

NWTG

Newton Golf Company • NASDAQ
$1.63 ▼ -1.81% (-0.03)
Market Cap $7.42 M
52w High $50.40
52w Low $0.82
Dividend Yield 0%
P/E -0.01
Volume 35.63K
Outstanding Shares 4.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.582M ▲ $3.238M ▲ $-1.58M ▼ -61.193% ▲ $-34.33 ▼ $-1.42M ▼
Q2-2025 $2.068M ▲ $2.906M ▲ $-1.52M ▼ -73.501% ▼ $-33.71 ▼ $-1.415M ▲
Q1-2025 $1.21M ▲ $2.823M ▲ $-525K ▲ -43.388% ▲ $-7.97 ▲ $-1.906M ▼
Q4-2024 $1.071M ▼ $2.205M ▲ $-8.344M ▼ -779.085% ▼ $-108.28 ▼ $-1.387M ▼
Q3-2024 $1.211M $1.895M $-1.06M -87.531% $-21.79 $-1.032M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.549M ▼ $5.251M ▼ $2.196M ▲ $3.055M ▼
Q2-2025 $4.005M ▼ $6.523M ▼ $2.143M ▲ $4.38M ▼
Q1-2025 $5.871M ▼ $8.23M ▼ $2.032M ▼ $6.198M ▲
Q4-2024 $7.65M ▲ $9.766M ▲ $14.953M ▲ $-5.187M ▼
Q3-2024 $1.313M $3.364M $726K $2.638M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.58M ▼ $-1.324M ▼ $-93K ▲ $-39K ▲ $-1.456M ▲ $-1.417M ▼
Q2-2025 $-1.52M ▼ $-1.213M ▲ $-160K ▼ $-493K ▼ $-1.866M ▼ $-1.373M ▲
Q1-2025 $-525K ▲ $-1.564M ▼ $-131K ▼ $-84K ▼ $-1.779M ▼ $-1.695M ▼
Q4-2024 $-8.344M ▼ $-1.498M ▼ $-39K ▲ $7.874M ▲ $6.337M ▲ $-1.537M ▼
Q3-2024 $-1.06M $-1.09M $-275K $-108K $-1.473M $-1.365M

Five-Year Company Overview

Income Statement

Income Statement Newton Golf’s income statement still looks like that of a very early‑stage company. The historical figures show essentially no recorded revenue and a small net loss, which is typical for a business that has only recently begun commercial operations and has gone through a SPAC process. The huge swings you see in earnings per share are more about share count and capital structure than about big changes in the underlying business. Overall, the story here is that spending has arrived before meaningful revenue, and the real test will be whether the newer sales momentum mentioned outside these tables eventually turns into a clear path toward scale and profitability.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a small amount of assets, mostly cash, and no reported debt. Equity flipping from slightly positive to slightly negative signals that accumulated losses and deal costs have already eaten through the thin capital base. This combination means the company has limited financial cushion and is likely dependent on raising additional funds over time. The lack of leverage is a plus from a risk standpoint, but the tiny scale and negative equity highlight that the balance sheet is still fragile and highly sensitive to execution and fundraising outcomes.

Cash Flow

Cash Flow Cash flow data are minimal but tell a clear story: cash used in operations and negative free cash flow, with effectively no spending on heavy equipment. This fits a young, asset‑light brand investing in product development, marketing, and organizational build‑out rather than factories. It also means the business is not yet self‑funding and will probably need external capital until revenue grows enough to cover ongoing costs. For now, cash flow is a constraint to watch closely, because even modest missteps can matter when the absolute cash balance is small.

Competitive Edge

Competitive Edge Newton Golf is trying to carve out a differentiated niche in a market dominated by large, well‑funded brands. Its edge comes from patented physics‑driven putter and shaft designs, U.S.‑based manufacturing with tight quality control, and a clear, data‑oriented fitting story that can appeal to serious and tech‑minded golfers. Early adoption on professional tours adds credibility and helps validate performance claims. On the other hand, brand awareness, marketing budgets, and distribution reach are still tiny compared with industry leaders, and it takes time and money to convert innovation into meaningful market share. The moat today is more about promising intellectual property and positioning than about entrenched market power.

Innovation and R&D

Innovation and R&D Innovation is the heart of Newton’s strategy. The company leans heavily on its ultra‑low balance point putter technology, proprietary carbon shafts, the DOT fitting system, and precision manufacturing processes to stand apart from traditional designs. These are backed by a mix of utility and design patents, suggesting a considered approach to protecting its ideas. Looking ahead, the planned launch of new premium shaft lines and potential moves into apparel, accessories, and possibly smart golf tech point to an ambition to build a broader performance ecosystem. The main risk is that R&D and product launches may run ahead of the company’s financial capacity, so the payoff from these efforts depends heavily on execution, marketing, and conversion into repeat customer demand.

Summary

Newton Golf is an extremely early‑stage, innovation‑driven golf equipment brand that has come to market via a SPAC and later executed a reverse split, both of which can add financial and share‑price volatility. The historical accounts show almost no revenue, a small but real loss, and a thin balance sheet, which together underline that this is still a developing business rather than a mature operator. On the positive side, the company has a clearly differentiated technology story, patents, U.S. manufacturing, tour validation, and a product roadmap that could support growth if adoption broadens. Key uncertainties revolve around scaling sales in a very competitive industry, managing cash and dilution, and demonstrating that its physics‑based innovations can support a sustainable, profitable business over time.

NEWS

November 24, 2025 · 1:49 PM UTC

Newton Golf Announces Insider Share Purchases After Strong Q3 Results

Read more

November 24, 2025 · 7:00 AM UTC

Newton Golf Announces Insider Share Purchases After Strong Q3 Results

Read more

October 28, 2025 · 10:56 AM UTC

ArcStone Client Newton Golf Company Announces up to US$10 Million Financing with Kingswood U.S.

Read more

October 28, 2025 · 8:00 AM UTC

Newton Golf Launches NewtonGolf.jp, Expanding Direct-to-Consumer Presence in Japan

Read more

October 21, 2025 · 8:00 AM UTC

Newton Golf and World Long Drive Bring Physics to Life Through Power and Performance

Read more