Newton Golf reports Q4 revenue $1.07M vs $117,000 last year

“2024 was a transformative year for Newton Golf (NWTG), as we successfully executed our strategic vision and delivered exceptional financial and operational performance,” said Greg Campbell, chairman and CEO of Newton Golf Company. “Our tenfold revenue growth, substantial margin expansion, and increasing tour adoption demonstrate the effectiveness of our innovation and market strategy. With expanding tour presence, including players on the PGA Tour and LPGA Tour, and the launch of our new Fast Motion shaft line, we continue to drive industry-leading performance and brand recognition. With a strong foundation in place, we are focused on scaling operations, expanding global distribution, and driving sustained growth in 2025 and beyond.” As of Dec. 31, 2024, Newton Golf had a cash balance of $7.65 million, which is expected to support operations for approximately 14 months. The Company continues to evaluate additional financing opportunities to support long-term growth.