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LOS ANGELES, CA - April 1, 2025 (NEWMEDIAWIRE) - Newton Golf Company (NASDAQ: NWTG), a leader in premium golf equipment innovation, reported fourth quarter revenue of $1.07 million, up 817% from the prior year, and full-year revenue of $3.45 million, marking an 887% year-over-year increase. The company also doubled its gross margin to 67% in 2024, fueled by enhanced manufacturing and an improved product mix. Newton Golf, formerly Sacks Parente Golf, highlighted global retail expansion, increased PGA TOUR Champions and LPGA Tour adoption, and a successful rebranding tied to its physics-based product innovation. With $7.65 million in cash as of Dec. 31, the company projects 14 months of runway and continues to pursue financing options for future growth.

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About Newton Golf

At Newton Golf, we harness the power of physics to revolutionize golf equipment design. Formerly known as Sacks Parente, our rebranding reflects our commitment to innovation inspired by Sir Isaac Newton, the father of physics. By applying Newtonian principles to every aspect of our design process, we create precision-engineered golf clubs that deliver unmatched stability, control, and performance. Our mission is to empower golfers with scientifically advanced equipment that maximizes consistency and accuracy, ensuring every swing is backed by the laws of physics.

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The latest news and updates relating to NWTG are available in the company's newsroom at https://ibn.fm/NWTG

Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.

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