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Cryptocurrency News Articles
Newton Golf (NASDAQ: NWTG) Reports 246% Revenue Increase to $1.2 Million in Q1 2025
May 16, 2025 at 03:20 am
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community.
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community.
NEWMEDIAWIRE) - Newton Golf Company (NASDAQ: NWTG) on Monday reported a stellar start to the year with a 246% year-over-year revenue increase to $1.2 million in the first quarter of 2025. The company also reported strong earnings and expanded partnerships, setting the stage for sustained growth throughout the year.
The driver of Newton’s (NASDAQ:NWTG) strong performance was the surging demand for its flagship products, Newton Motion and Fast Motion shafts. These products are used by some of the top professionals in the world, and their popularity is rapidly expanding. In the first quarter alone, more than 30 professionals began using Newton shafts, including eight new players across major tours. This marks a significant milestone in Newton’s journey to become a preferred choice among professionals.
Another highlight of the first quarter was the expansion of Newton’s operations into Japan, a key market for golf equipment. The company also forged key partnerships for international distribution, setting the stage for reaching a wider audience with its innovative products.
Despite reporting a net loss of $0.5 million for the period, the company's gross profit reached $852,000 with an impressive margin of 70%. This improvement in profitability is a testament to Newton’s ability to manage costs effectively while expanding its revenue footprint.
Looking ahead, Newton anticipates a full-year revenue performance within the range of $6.5 million to $7.0 million. This projection is based on the company’s current momentum and planned initiatives to further penetrate key markets.
About Newton Golf
Newton Golf Company (NASDAQ: NWTG) is a leading innovator in golf shaft technology, designing and manufacturing premium shafts used by professionals and enthusiasts worldwide. The company's products are known for their exceptional performance, durability and craftsmanship. Newton is committed to providing golfers at all levels with the best possible equipment to elevate their game.
Contact:
InvestorBrandNetwork (IBN)
Los Angeles, CA
www.InvestorBrandNetwork.com
310-395-3313
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- Aerodrome Finance Launches Slipstream LP Rewards Program, Targeting Base Network Liquidity Providers
- May 16, 2025 at 11:00 am
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- US Congress Democrats introduce resolutions to block three arms sales to the UAE
- May 16, 2025 at 11:00 am
- Democrats Chris Murphy, Mr Chris Van Hollen, Mr Brian Schatz and Mr Tim Kaine, and Mr Bernie Sanders, an independent who caucuses with Democrats, introduced resolutions of disapproval in the Senate that would block three arms sales to the UAE.
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