Overview
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- TickerNWTG on Nasdaq1
- IndustrySporting & Athletic Goods, NEC1
- HeadquartersCamarillo, California1
- Incorporated inDE2
- Business address551 Calle San Pablo, Camarillo, Ca 930122
- Filer category, Emerging growth company2
- Legal formCorporation
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Company continues to expand its relationships with professional club fitters and retail partners as adoption of its shaft products increases.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Driver and Fairway Shafts brought in 99% of the revenue Newton Golf Company, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Driver and Fairway Shafts | $3.2M | $8.1M |
| Putters | $273.0K | $68.0K |
Regions
United States brought in 99% of the revenue Newton Golf Company, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $3.3M | $8.0M |
| CA [member] | $31.0K | $56.0K |
| Japan | $26.0K | $43.0K |
| Rest of the world | $122.0K | $6.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue23¢$3.6M
- Research and development5¢$779.0K
- Selling, general and admin72¢$11.3M
Out of $8.1M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $8.1M | $3.4M |
| Cost of goods sold | $3.6M | $1.2M |
| Gross profit | $4.6M | $2.3M |
| Selling, general and administrative expense | $11.3M | $6.5M |
| Research and development expenses | $779.0K | $743.0K |
| Total operating expenses | $12.1M | $7.3M |
| Loss from operations | -$7.5M | -$5.0M |
| Interest income, net | $99.0K | $161.0K |
| Financing costs | -$6.9M | |
| Change in fair value of warrant liabilities | $1.4M | -$22.0K |
| Net Loss | -$6.0M | -$11.8M |
| Loss per common share, basic | -$1.63 | -$178.33 |
| Loss per common share, diluted | -$1.63 | -$178.33 |
| Weighted average common shares outstanding, basic | 3.7M shares | 65.9K shares |
| Weighted average common shares outstanding, diluted | 3.7M shares | 65.9K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.3M | $7.7M | |
| Accounts receivable, net | $102.0K | $115.0K | |
| Inventory, net of reserve for obsolescence of $135,000 and $49,000, respectively | $374.0K | $913.0K | |
| Prepaid expenses and other current assets | $413.0K | $274.0K | |
| Total Current Assets | $2.2M | $9.0M | |
| Property and equipment, net | $880.0K | $716.0K | |
| Right of use asset | $84.0K | $34.0K | |
| Software licensing agreement, net | $25.0K | $59.0K | |
| Deferred Offering Costs | $123.0K | ||
| Deposits | $5.0K | ||
| Total Other Assets | $1.1M | $814.0K | |
| TOTAL ASSETS | $3.3M | $9.8M | |
| Accounts payable and accrued expenses | $1.5M | $572.0K | |
| Lease liability, current | $40.0K | $34.0K | |
| Software licensing obligation, current | $41.0K | $54.0K | |
| Warrant Liability | $745.0K | $14.3M | |
| Total Current Liabilities | $2.3M | $14.9M | |
| Software licensing fee obligation, net of current | $32.0K | ||
| Lease liabilities, net of current | $44.0K | ||
| Total Liabilities | $2.4M | $15.0M | |
| Common stock, par value $0.01, 45,000,000 shares authorized; 4,592,063 and 297,184 shares issued and outstanding, respectively | $45.0K | $3.0K | |
| Additional paid-in capital | $29.0M | $16.9M | |
| Accumulated deficit | -$28.1M | -$22.1M | |
| Total Shareholders Equity (Deficiency) | $926.0K | -$5.2M | $5.8M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY (DEFICIENCY) | $3.3M | $9.8M | |
| Reserve for obsolescence | $135.0K | $49.0K | |
| Preferred stock, par value | $0.01 | $0.01 | |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.01 | $0.01 | |
| Common stock, shares authorized | 45.0M shares | 45.0M shares | |
| Common stock, shares issued | 4.6M shares | 297.2K shares | |
| Common stock, shares outstanding | 4.6M shares | 297.2K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.3M | $7.7M | |
| Accounts receivable, net | $102.0K | $115.0K | |
| Inventory, net of reserve for obsolescence of $135,000 and $49,000, respectively | $374.0K | $913.0K | |
| Prepaid expenses and other current assets | $413.0K | $274.0K | |
| Total Current Assets | $2.2M | $9.0M | |
| Property and equipment, net | $880.0K | $716.0K | |
| Right of use asset | $84.0K | $34.0K | |
| Software licensing agreement, net | $25.0K | $59.0K | |
| Deferred Offering Costs | $123.0K | ||
| Deposits | $5.0K | ||
| Total Other Assets | $1.1M | $814.0K | |
| TOTAL ASSETS | $3.3M | $9.8M | |
| Accounts payable and accrued expenses | $1.5M | $572.0K | |
| Lease liability, current | $40.0K | $34.0K | |
| Software licensing obligation, current | $41.0K | $54.0K | |
| Warrant Liability | $745.0K | $14.3M | |
| Total Current Liabilities | $2.3M | $14.9M | |
| Software licensing fee obligation, net of current | $32.0K | ||
| Lease liabilities, net of current | $44.0K | ||
| Total Liabilities | $2.4M | $15.0M | |
| Common stock, par value $0.01, 45,000,000 shares authorized; 4,592,063 and 297,184 shares issued and outstanding, respectively | $45.0K | $3.0K | |
| Additional paid-in capital | $29.0M | $16.9M | |
| Accumulated deficit | -$28.1M | -$22.1M | |
| Total Shareholders Equity (Deficiency) | $926.0K | -$5.2M | $5.8M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY (DEFICIENCY) | $3.3M | $9.8M | |
| Reserve for obsolescence | $135.0K | $49.0K | |
| Preferred stock, par value | $0.01 | $0.01 | |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.01 | $0.01 | |
| Common stock, shares authorized | 45.0M shares | 45.0M shares | |
| Common stock, shares issued | 4.6M shares | 297.2K shares | |
| Common stock, shares outstanding | 4.6M shares | 297.2K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Loss | -$6.0M | -$11.8M |
| Depreciation | $305.0K | $165.0K |
| Amortization of deferred software licensing agreement | $34.0K | $51.0K |
| Amortization of prepaid restricted stock | $168.0K | |
| Bad debt expense | $50.0K | $19.0K |
| Inventory reserve | $86.0K | -$49.0K |
| Financing costs | $6.9M | |
| Change in fair value of warrants (gain) loss | -$1.4M | $22.0K |
| Stock-based compensation expense | $274.0K | $308.0K |
| Right-of-use asset | $35.0K | $31.0K |
| Accounts receivable | -$37.0K | -$81.0K |
| Inventory | $453.0K | -$616.0K |
| Prepaids and other current assets | $14.0K | -$78.0K |
| Deposits | $5.0K | |
| Accounts payable and accrued expenses | $931.0K | $171.0K |
| Lease liability (ROU) | -$35.0K | -$31.0K |
| Customer deposits | -$2.0K | |
| Net cash used in operating activities | -$5.2M | -$4.9M |
| Purchase of property and equipment | -$469.0K | -$502.0K |
| Net cash used in investing activities | -$469.0K | -$502.0K |
| Treasury stock | -$500.0K | |
| Offering costs | -$123.0K | |
| Proceeds from public sale of common stock, net | -$49.0K | $7.8M |
| Software licensing obligation | -$45.0K | -$50.0K |
| Net cash (used in) provided by financing activities | -$717.0K | $7.7M |
| Net (decrease) increase in cash | -$6.4M | $2.3M |
| Fair value of warrant liability converted to equity | $12.1M | $14.2M |
| New right of use asset and lease liability | $106.0K | |
| Recording of restricted stock unit as prepaid asset | $321.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Newton Golf Company, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Newton Golf Company, Inc.
- Dennis Bhaskaran Filed SCHEDULE 13G on Newton Golf Company, Inc., latest Jul 15, 2026
- Brett Widney Hoge Filed SCHEDULE 13D/A on Newton Golf Company, Inc., latest Mar 18, 2026 (2 filings since Nov 26, 2025)
- Murano Capital Partners LP Filed SCHEDULE 13G on Newton Golf Company, Inc., latest Jan 16, 2026
- L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on Newton Golf Company, Inc., latest May 15, 2025 (2 filings since Dec 18, 2024)
- Newton Golf Company, Inc. Camarillo, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Newton Golf Company, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $513.0K4 Dec 31, 2025 | $208.0K4 Dec 31, 2024 | +146.6% |
| Property and equipment, net | $880.0K4 Dec 31, 2025 | $716.0K4 Dec 31, 2024 | +22.9% |
| Operating-lease assets (leased space) | $84.0K4 Dec 31, 2025 | $34.0K4 Dec 31, 2024 | +147.1% |
Investments
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $374.0K4 Dec 31, 2025 | $913.0K4 Dec 31, 2024 | −59.0% |
| Raw materials | $424.0K4 Dec 31, 2025 | $838.0K4 Dec 31, 2024 | −49.4% |
| Finished goods | $85.0K4 Dec 31, 2025 | $124.0K4 Dec 31, 2024 | −31.5% |
Properties, in its own words
We lease on a month-to-month basis approximately 4,700 square feet of office space in Camarillo, California, which serves as our principal executive offices and research and development facility.
The Company leases approximately 9,000 square feet of manufacturing, assembly, and distribution space in St. Joseph, Missouri. The lease currently expires in December 2027.
Item 2 of the 10-K filed Mar 31, 2026.3
Leadership
Who has led Newton Golf Company, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerGregor Alasdair Campbell Jun 9, 2025 to now9
- Chief executive officerTimothy Triplett Aug 17, 2023 to Aug 17, 202310
- ChairGregor Alasdair Campbell Jul 26, 2024 to now11
- Chief financial officerRyan Stearns Jan 8, 2025 to Nov 20, 202512
- Chief financial officerJeff Clayborne Nov 20, 2025 to now13
Board members and other officers (11)
- Chief Technology OfficerAkinobu Yorihiro Aug 17, 2023 to now14
- EVP Sales & DistributionAngelo Gregory Papadourakis Aug 17, 2023 to Aug 17, 202315
- OfficerMichael Robert Ferris Aug 17, 2023 to Aug 17, 202316
- Board memberJohn B. Bode Feb 3, 2026 to now17
- Board memberGregg Hemphill May 21, 2026 to now18
- Board memberJane Casanta Dec 27, 2024 to now19
- Board memberAkinobu Yorihiro Aug 17, 2023 to now14
- Board memberBrett Widney Hoge Aug 17, 2023 to now20
- Board memberDorothy Lynn Pepper Aug 17, 2023 to Dec 26, 202421
- Board memberGregor Alasdair Campbell Aug 17, 2023 to Aug 17, 202322
- Board memberTimothy Triplett Aug 17, 2023 to Aug 17, 202310
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- Sacks Parente Golf, Inc.Jun 24, 2022 to Mar 11, 20252
Timeline
- Oct 13, 20268-K Listing notice or transfer24
- Sep 24, 20268-K Entered a material agreement; Unregistered sale of shares25
- Sep 24, 20268-K Entered a material agreement; Unregistered sale of shares26
- Sep 18, 20268-K Entered a material agreement; Unregistered sale of shares27
- Aug 20, 20268-K Entered a material agreement; Unregistered sale of shares28
- Jul 9, 20268-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed29
- Jul 8, 20268-K Entered a material agreement; New debt or obligation30
- Jul 2, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares31
- Jun 8, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares32
- May 20, 20268-K Executive or director change33
- May 14, 20268-K Results of operations34
- Apr 13, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares35
- Jun 9, 2025New chief executive Gregor Alasdair Campbell becomes CEO9
- Aug 17, 2023New chief executive Timothy Triplett becomes CEO10
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.34) a share, on Nov 13, 2025.36
When it reported results
- May 14, 2026Reported quarterly or annual results34
- Jan 6, 2026Reported quarterly or annual results37
- Nov 13, 2025Reported quarterly or annual results38
- Aug 14, 2025Reported quarterly or annual results39
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
214 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 63 major events, 63 insider forms, 6 large holders, 3 private raises, 66 other. The latest 20:
- Oct 13, 20268-K EDGAR
- Oct 6, 2026D EDGAR
- Sep 24, 20268-K EDGAR
- Sep 24, 20268-K EDGAR
- Sep 18, 20268-K EDGAR
- Aug 31, 2026D EDGAR
- Aug 20, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Jul 15, 2026SCHEDULE 13G EDGAR
- Jul 10, 20264 EDGAR
- Jul 9, 20268-K EDGAR
- Jul 8, 20268-K EDGAR
- Jul 2, 20268-K EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 8, 20268-K EDGAR
- May 21, 20264 EDGAR
- May 21, 20263 EDGAR
The 214 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
41 open-market trades by officers, directors and large owners since October 2021: 41 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 26, 2025 | CAMPBELL GREGOR ALASDAIRExecutive Chairman & CEO | Buy | 10,000 | $1.59 | $15.9K | Form 4 |
| Dec 16, 2025 | CLAYBORNE JEFFChief Financial Officer | Buy | 6,850 | $1.45 | $9.9K | Form 4 |
| Nov 21, 2025 | Hoge Brett WidneyDirector | Buy | 20,000 | $1.21 | $24.2K | Form 4 |
| Nov 20, 2025 | Hoge Brett WidneyDirector | Buy | 4,000 | $1.20 | $4.8K | Form 4 |
| Nov 19, 2025 | Hoge Brett WidneyDirector | Buy | 15,000 | $1.16 | $17.4K | Form 4 |
| Nov 19, 2025 | CLAYBORNE JEFFChief Financial Officer | Buy | 11,000 | $1.05 | $11.6K | Form 4 |
| Nov 18, 2025 | Hoge Brett WidneyDirector | Buy | 83,000 | $1.07 | $88.8K | Form 4 |
| Nov 18, 2025 | CLAYBORNE JEFFChief Financial Officer | Buy | 548 | $1.05 | $575 | Form 4 |
| Nov 17, 2025 | CAMPBELL GREGOR ALASDAIRExecutive Chairman & CEO | Buy | 40,000 | $1.00 | $40.0K | Form 4 |
| Sep 10, 2025 | CAMPBELL GREGOR ALASDAIRExecutive Chairman & CEO | Buy | 20,000 | $1.95 | $39.0K | Form 4 |
| Aug 19, 2025 | Hoge Brett WidneyDirector | Buy | 20,000 | $1.70 | $34.0K | Form 4 |
| Aug 18, 2025 | Hoge Brett WidneyDirector | Buy | 16,506 | $1.62 | $26.7K | Form 4 |
| Jun 27, 2025 | CAMPBELL GREGOR ALASDAIRExecutive Chairman & CEO | Buy | 10,000 | $1.47 | $14.7K | Form 4 |
| Jun 6, 2025 | CAMPBELL GREGOR ALASDAIRExecutive Chairman & CEO | Buy | 20,000 | $1.66 | $33.2K | Form 4 |
| May 27, 2025 | Hoge Brett WidneyDirector | Buy | 25,000 | $1.74 | $43.5K | Form 4 |
| May 23, 2025 | Hoge Brett WidneyDirector | Buy | 15,579 | $1.70 | $26.5K | Form 4 |
| May 20, 2025 | Hoge Brett WidneyDirector | Buy | 22,769 | $1.79 | $40.8K | Form 4 |
| May 19, 2025 | Hoge Brett WidneyDirector | Buy | 7,231 | $1.77 | $12.8K | Form 4 |
| Apr 15, 2025 | Hoge Brett WidneyDirector | Buy | 11,141 | $1.85 | $20.6K | Form 4 |
| Apr 14, 2025 | Hoge Brett WidneyDirector | Buy | 4,742 | $1.85 | $8.8K | Form 4 |
All 41 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Dennis BhaskaranSCHEDULE 13G, 1 filing Jul 15, 202640
- Brett Widney HogeSCHEDULE 13D/A, 2 filings Nov 26, 2025 to Mar 18, 202641
- Murano Capital Partners LPSCHEDULE 13G, 1 filing Jan 16, 202642
- L1 Capital Global Opportunities Master Fund, Ltd.SCHEDULE 13G/A, 2 filings Dec 18, 2024 to May 15, 202543
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Greg CampbellExecutive Chairman and Chief Executive Officer | 66 | $210.0K | $450.7K44 |
| 2024 | Steve HandyFormer Chief Financial Officer | $228.6K44 | ||
| 2024 | Akinobu YorihiroChief Technology Officer | 57 | $173.9K | $217.3K44 |
| 2023 | Steve HandyFormer Chief Financial Officer | $192.4K | $1.2M44 | |
| 2023 | Greg CampbellExecutive Chairman and Chief Executive Officer | 66 | $92.5K | $231.7K44 |
| 2023 | Akinobu YorihiroChief Technology Officer | 57 | $200.0K44 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $1.5M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2026 | $1.5M | $1.5M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 44,732 | $37.6K | 0.0% | No change |
| Geode Capital Management, LLC | 41,298 | $34.7K | 0.0% | −16,267 |
| Vanguard Fiduciary Trust Co | 27,609 | $23.2K | 0.0% | No change |
| Citadel Advisors LLC | 20,133 | $16.9K | 0.0% | New |
| Northern Trust Corp | 15,321 | $12.9K | 0.0% | +4,568 |
| XTX Topco Ltd | 15,232 | $12.8K | 0.0% | +842 |
| Jane Street Group, LLC | 12,913 | $10.8K | 0.0% | New |
| UBS Group AG | 6,059 | $5.1K | 0.0% | +5,136 |
| Tower Research Capital LLC (TRC) | 2,468 | $2.1K | 0.0% | +734 |
| Royal Bank Of Canada | 1,667 | $1.0K | 0.0% | No change |
| International Assets Investment Management, LLC | 900 | $774 | 0.0% | New |
| Morgan Stanley | 450 | $378 | 0.0% | No change |
| Hrt Financial LP | 16,206 | $13 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Newton Golf Company, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNewton Golf Company, Inc.1
- CIK0001934245
- Employer ID (EIN)82-49382883
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)3949 Sporting & Athletic Goods, NEC1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address551 Calle San Pablo, Camarillo, CA 930121
- Phone833-776-66591
- Shares outstanding5,422,276 as of Aug 13, 20268
- Public float$6.4M as of Jun 30, 20253
- AuditorWeinberg & Company, Los Angeles, California PCAOB ID 572; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJun 24, 20221
- Filings214 in all: 8-K (61), 4 (49), CORRESP (17), 3 (14), S-1/A (11), 10-Q (10), UPLOAD (9), 10-K (3)1
All 33 form types
424B5 (3), D (3), DEF 14A (3), EFFECT (3), SCHEDULE 13G (3), 424B4 (2), 8-K/A (2), DEF 14C (2), PRE 14A (2), S-1 (2), 1-A (1), 424B3 (1), 8-A12B (1), ARS (1), CERT (1), DRS (1), NT 10-K (1), PRE 14C (1), S-3 (1), S-3/A (1), S-8 (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Nov 21, 2025
Latest 8-K (8-K) Oct 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock | NWTG | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks Newton Golf Company, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 57 risks under these headings, as written.3
- The risks and uncertainties described below are those that we currently believe are material to our business. If any of these risks occur, our business, financial condition, results of operations, and cash flows could be materially and adversely affected. In that event, the trading price of our common stock could decline, and investors could lose all or part of their investment.
- Risks Related to Our Industry and Business
- Our independent auditor has expressed substantial doubt about our ability to continue as a going concern.
- A reduction in the number of rounds of golf played or in the number of golf participants could adversely affect sales.
- We may have limited opportunities for future growth in sales of golf products.
- We are in the early stages of scaling our business, and our growth strategy may not be successful.
- We may face increased labor costs or labor shortages that could slow growth and adversely affect our business, results of operations and financial condition.
- Unfavorable economic conditions, including due to future pandemics, inflation, tariffs, geopolitical conflicts or otherwise, could have a negative impact on consumer discretionary spending and therefore negatively impact our results of operations, financial condition and cash flows.
- A severe or prolonged economic downturn could adversely affect our wholesale customers’ financial condition, their levels of business activity and their ability to pay trade obligations.
- We face intense competition in all of our markets, and if we are unable to compete effectively, it could have a material adverse effect on our business, results of operations, financial condition and growth prospects.
- If we are unable to successfully manage the introduction of new products that perform and satisfy changing consumer preferences, it could significantly and adversely impact financial performance and prospects for future growth.
- Our revenue could become concentrated among a limited number of customers, and the loss of a significant customer could adversely affect our business.
The other 46 risks
- Our business depends on a strong brand and related reputation, and if we are not able to build, maintain and enhance our brand or build a strong reputation, our sales may be adversely affected.
- Our ability to grow our business depends in part on the effectiveness of our marketing and digital advertising strategies.
- International political instability and terrorist activities may decrease demand for our products and disrupt our business.
- Consolidation of retailers or concentration of retail market share among a few retailers may increase and concentrate our credit risk, put pressure on our margins and impair our ability to sell products.
- Demographic factors may affect the number of golf participants and related spending on our products.
- Our business could be harmed by the occurrence of natural disasters, pandemic diseases, or other emergencies.
- Our business and operating results are subject to seasonal fluctuations, which could result in fluctuations in our operating results and stock price.
- Changes in equipment standards under applicable Rules of Golf could adversely affect our business.
- Our sales and business could be materially and adversely affected if professional athletes, celebrities and other endorsers do not endorse or use our products.
- Any significant changes in U.S. trade or other policies that block or restrict imports or increase import tariffs could have a material adverse effect on results of operations.
- Our current senior management team and other key executives are critical to our success, and the loss of, and failure to adequately replace, any individual executive, or manager, could significantly harm our business.
- Risks Related to Our Intellectual Property
- Failure to adequately enforce our intellectual property rights could adversely affect our reputation and sales.
- We may become subject to intellectual property claims or lawsuits that could cause us to incur significant costs or pay significant damages or that could prohibit us from selling our products.
- Risks Related to Operations, Manufacturing, and Technology
- We are exposed to risks associated with doing business globally and manufacturing in the U.S.
- We have international sales and international supply chains where unfavorable changes in foreign currency exchange rates could have a significant negative impact on our results of operations.
- Any difficulties from strategic acquisitions or strategic partnerships we pursue or consummate could adversely affect business, financial condition and our results of operations.
- If we inaccurately forecast demand for our products, we may manufacture either insufficient or excess quantities, which, in either case, could adversely affect our financial performance.
- If we inaccurately forecast demand or fail to manage inventory effectively, our financial results could be adversely affected.
- Our planned international business expansions could adversely affect results if they fail to successfully transition and grow revenue.
- We depend on single source or a limited number of suppliers for some of the components of in our products, and the loss of any of these suppliers could harm our business.
- A significant disruption in the operations of our assembly and golf shaft manufacturing facilities could have a material adverse effect on our sales, profitability and results of operations.
- A significant portion of our manufacturing operations are concentrated in a single facility, and any disruption to this facility could adversely affect our business.
- A disruption in the service or a significant increase in the cost of our primary delivery and shipping services for our products and component parts or a significant disruption at shipping ports could have a material adverse effect on our business.
- The costs and availability of finished products, product components and raw materials could affect our operating results.
- We may be subject to product warranty claims that require the replacement or repair of products sold. Such warranty claims could adversely affect our results of operations and relationships with our customers.
- Our growth initiatives require significant capital investments and there can be no assurance we will realize a positive return on these investments.
- Sales of our products by unauthorized retailers or distributors could adversely affect our authorized distribution channels and harm our reputation.
- We rely on research and development, technical innovation and high-quality products to successfully compete.
- We rely on information systems that assist in the management of our manufacturing, inventory, distribution, engineering, sales and other functions. If our information systems were to fail to perform these functions adequately or if we experienced an interruption in operation, including a cybersecurity breach, our business and results of operations could suffer.
- We rely in part on e-commerce platforms and online systems to generate sales, and disruptions to these systems could adversely affect our business.
- Cyber-attacks, unauthorized access to, or accidental disclosure of, consumer personally-identifiable information that we or our vendors collect through our websites or stores on servers may result in significant expense and negatively impact our reputation and business.
- Artificial intelligence presents risks and challenges that can impact our business including by posing security risks to our confidential information, proprietary information, and personal data.
- Risks Related to Governmental Regulations
- We are subject to many federal, state, local and foreign laws, as well as other statutory and regulatory requirements, with which compliance can be both costly and complex. Our failure to comply with, or adapt to changes in these laws or requirements, could have an adverse impact on our business.
- Regulations related to “conflict minerals” require us to incur additional expenses and could limit the supply and increase the cost of certain metals used in manufacturing our products.
- We are subject to environmental, health and safety laws and regulations, which could subject us to liabilities, increased costs or restrictions of operations in the future.
- Changes in, or any failure to comply with, data privacy laws, regulations, and standards may adversely affect our business.
- Risks Related to Tax and Financial Matters
- We expect to need to raise additional funds from time to time through public or private debt or equity financings in order to implement our business plan.
- Changes in tax laws and unanticipated tax liabilities could adversely affect our effective income tax rate and profitability.
- Increases in interest rates could increase the cost of servicing our indebtedness and have an adverse effect on our results of operations and cash flows.
- Risks Related to Our Common Stock
- The market prices and trading volume of our shares of common stock may experience rapid and substantial price volatility which could cause purchasers of our common stock to incur substantial losses.
- If we fail to regain and maintain compliance with Nasdaq continued listing requirements, our common stock could be delisted.
- Market and economic conditions may negatively impact our business, financial condition and share price.
- Future sales and issuances of our common stock could result in additional dilution of the percentage ownership of our stockholders and could cause our share price to fall.
- Our Bylaws and Certificate of Incorporation provide that the Court of Chancery of the State of Delaware will be the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
- General Risk Factors
- Our insurance policies may not provide adequate levels of coverage against all claims and we may incur losses that are not covered by our insurance.
- If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our financial condition and results of operations could be adversely affected.
Legal proceedings
There are no legal proceedings that are pending against the Company or that involve the Company that, in the opinion of management, could reasonably be expected to have a material adverse effect on the Company’s business or financial condition.
The opening of Item 3, Legal Proceedings.3
Sources
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- 11SEC EDGARGregor Alasdair Campbell, Chair
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- 16SEC EDGARMichael Robert Ferris, Officer
- 17SEC EDGARJohn B. Bode, Board member
- 18SEC EDGARGregg Hemphill, Board member
- 19SEC EDGARJane Casanta, Board member
- 20SEC EDGARBrett Widney Hoge, Board member
- 21SEC EDGARDorothy Lynn Pepper, Board member
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- 24SEC EDGARListing notice or transfer
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- 33SEC EDGARExecutive or director change
- 34SEC EDGARResults of operations
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- 36NasdaqNasdaq calendar
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