Newton Golf Q1 Net Sales $991K; Net Loss $2.7M
Newton Golf Company, Inc. reported Q1 2026 net sales of $991,000, an 18% decrease year-over-year, and a net loss of $2.7 million, or ($0.58) per share. The company attributed the sales decline to temporary impacts from operational and manufacturing initiatives aimed at long-term scalability, which delayed shipment timing. Despite this, Newton Golf secured $1.2 million in expected future revenue from customer deposits and open wholesale orders, expanded its product line with new shafts, signed an exclusive distribution agreement for South Korea, and strengthened its professional club fitter network. The company also completed a $0.5 million convertible note financing in Q1, with an additional $0.85 million post-quarter, and made key management appointments including an interim CEO and a new board member.
Key Highlights
- Net sales totaled $991,000 for Q1 2026, down 18% from $1.2 million in Q1 2025.
- Net loss for Q1 2026 was $2.7 million, or ($0.58) per share, compared to a net loss of $0.5 million, or ($0.55) per share, in Q1 2025.
- Direct-to-consumer customer deposits and open wholesale orders totaled $1.2 million at quarter end, representing expected future revenue.
- Returning customer orders increased 47% to 1,253 for the three months ended March 31, 2026.
- Secured $0.5 million in convertible notes in Q1, with an additional $0.85 million post-quarter, as part of a $2.0 million financing agreement.
- Expanded professional club fitter network to approximately 235 accounts, a 99% increase from Q1 2025.
- Signed an exclusive distribution agreement for South Korea, receiving a $136,000 order.
- Akinobu Yorihiro appointed interim CEO; John Bode appointed to the board of directors.