Newton Golf Company (NWTG) investor relations material

Executive summary

• Achieved record revenue growth of 136% to $8.1 million in 2025, driven by direct-to-consumer expansion, professional club fitter adoption, and growth of the Newton Motion shaft platform.

• Direct-to-consumer revenue rose 157% to $7.4 million, with repeat customers making up 26.7% of orders, up 36% year-over-year.

• Expanded professional club fitter network to 230 locations, a 130% increase, and Newton Shafts became the top-selling shafts at Club Champion.

• Surpassed 60 professional golfers using Newton shafts across major tours, more than doubling from 2024.

• Launched Fast Motion, now the best-selling shaft product, introduced new shaft configurations at the 2026 PGA Show, and expanded internationally with a Japanese e-commerce platform.

Financial highlights

• Gross profit reached $4.6 million (56% of net sales), up from $2.3 million (66%) in 2024; margin decline due to higher labor costs and overtime.

• Operating expenses increased to $12.1 million from $7.3 million, reflecting higher marketing, personnel, public company costs, and R&D investment.

• Net loss narrowed to $6 million (-$1.63/share) from $11.8 million (-$178.33/share) in 2024; Q4 2025 net loss was $2.4 million ($0.52/share), improved from $8.3 million ($76.66/share) in Q4 2024.

• Cash and equivalents stood at $1.3 million at year-end 2025, down from $2.5 million at September 30, 2025.

• Weighted average shares outstanding for 2025 were 3.7 million, up from 21,000 in 2024 due to warrant exercises.

Outlook and guidance

• Q1 2026 orders are significantly higher year-over-year, with management expressing bullishness on 2026 revenue growth and continued expansion through new products and international distribution.

• Expectation for gross margins to return to the 60% range as labor and inventory adjustments normalize.

• Early-stage product testing and evaluation with major OEMs underway, aiming for broader adoption and potential OEM integration.

• Golf participation remains elevated globally, supporting long-term demand for performance equipment.