Newton Golf Q1 revenue falls 18% on delayed shipments

Newton Golf

14/05/2026 21:15

Overview

US golf equipment maker's Q1 revenue fell 18% yr/yr due to delayed shipments and manufacturing transition

Net loss for Q1 widened to $2.7 mln from $0.5 mln a year earlier

Company raised $1.35 mln in convertible notes to support working capital and scaling initiatives

Outlook

Company expects operational scaling initiatives to be substantially completed during the current qtr

Newton Golf expects fulfillment activities and production volumes to normalize, supporting improved efficiency

Company expects revenue from a $136,000 South Korea distributor order to be realized in Q2 2026

Result Drivers

MANUFACTURING TRANSITION - Co said operational and manufacturing initiatives to support scalability temporarily reduced capacity and delayed order fulfillment, leading to lower revenue

PRODUCTION INEFFICIENCIES - Gross profit margin fell due to temporary production inefficiencies, as fixed costs were absorbed over lower volumes

INCREASED CUSTOMER DEPOSITS - Higher customer deposits and open sales orders reflected continued demand, including advance payments for orders delayed during the manufacturing transition

Company press release: ID:nBw1P43rwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$991,000
Q1 Net Income
-$2.66 mln
Q1 Basic EPS
-$0.58


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the recreational products peer group is "buy"

Wall Street's median 12-month price target for Newton Golf Company Inc is $4.75, about 327.9% above its May 13 closing price of $1.11

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)