Newton Golf Company (NWTG) 10-Year Financial Performance & Capital Metrics

NWTG • • Industrial / General

Consumer CyclicalLeisureGolf Equipment & FacilitiesGolf Equipment Manufacturers

AboutNewton Golf Company, a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe. The company was formerly known as Sacks Parente Golf, Inc. and changed its name to Newton Golf Company in March 2025. The company was incorporated in 2018 and is based in Camarillo, California.Show more

Revenue $3M +887.1%
EBITDA -$5M -4.6%
Net Income -$12M -154.1%
EPS (Diluted) -178.33 -57.3%
Gross Margin 66.01% +88.8%
EBITDA Margin -139.71% +89.4%
Operating Margin -144.5% +89.1%
Net Margin -341.13% +74.3%
ROE -3897.84% -1546.8%
ROIC -
Debt/Equity -
Interest Coverage -0.72

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 61.6% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y158.26%

TTM178.24%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-128.11%

EPS CAGR

10Y-

5Y-

3Y-

TTM-70.99%

ROCE

10Y Avg-755.38%

5Y Avg-755.38%

3Y Avg-755.38%

Latest-1303.14%

Peer Comparison

Golf Equipment Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GOLFAcushnet Holdings Corp.	5.46B	93.12	27.63	3.15%	8.8%	25.95%	3.12%	0.96
NWTGNewton Golf Company	8.46M	1.78	-0.01	8.87%	-172.69%	-391.78%
MODGTopgolf Callaway Brands Corp.	2.7B	14.68	-1.86	-1.06%	-37.06%	-60.79%	3.21%	1.72

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	182K	200K	190K	349K	3.44M
Revenue Growth %	-	0.1%	-0.05%	0.84%	8.87%
Cost of Goods Sold+	41K	116K	110K	227K	1.17M
COGS % of Revenue	0.23%	0.58%	0.58%	0.65%	0.34%
Gross Profit+	141K	84K	80K	122K	2.27M
Gross Margin %	0.77%	0.42%	0.42%	0.35%	0.66%
Gross Profit Growth %	-	-0.4%	-0.05%	0.53%	17.64%
Operating Expenses+	614K	378K	2.95M	4.75M	7.25M
OpEx % of Revenue	3.37%	1.89%	15.51%	13.62%	2.11%
Selling, General & Admin	601K	359K	2.87M	4.5M	6.51M
SG&A % of Revenue	3.3%	1.79%	15.13%	12.89%	1.89%
Research & Development	13K	19K	73K	258K	743K
R&D % of Revenue	0.07%	0.1%	0.38%	0.74%	0.22%
Other Operating Expenses	0	0	0	0	0
Operating Income+	-473K	-294K	-2.87M	-4.63M	-4.98M
Operating Margin %	-2.6%	-1.47%	-15.09%	-13.28%	-1.44%
Operating Income Growth %	-	0.38%	-8.75%	-0.62%	-0.07%
EBITDA+	0	0	-2.86M	-4.6M	-4.81M
EBITDA Margin %	-	-	-15.03%	-13.18%	-1.4%
EBITDA Growth %	-	-	-	-0.61%	-0.05%
D&A (Non-Cash Add-back)	473K	294K	11K	32K	165K
EBIT	-473K	-294K	-2.87M	-4.63M	-4.98M
Net Interest Income+	-6K	-8K	-64K	8K	-6.75M
Interest Income	0	0	0	8K	161K
Interest Expense	6K	8K	64K	0	6.91M
Other Income/Expense	-6K	-8K	-638K	8K	-6.77M
Pretax Income+	-479K	-302K	-3.5M	-4.63M	-11.75M
Pretax Margin %	-2.63%	-1.51%	-18.45%	-13.25%	-3.41%
Income Tax+	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%
Net Income+	-479K	-302K	-3.5M	-4.63M	-11.75M
Net Margin %	-2.63%	-1.51%	-18.45%	-13.25%	-3.41%
Net Income Growth %	-	0.37%	-10.61%	-0.32%	-1.54%
Net Income (Continuing)	-479K	-302K	-3.5M	-4.63M	-11.75M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	-15.67	-9.88	-100.78	-113.38	-178.33
EPS Growth %	-	0.37%	-9.2%	-0.13%	-0.57%
EPS (Basic)	-15.67	-9.88	-100.78	-113.38	-178.33
Diluted Shares Outstanding	30.57K	30.57K	34.78K	40.79K	65.9K
Basic Shares Outstanding	30.57K	30.57K	34.78K	40.79K	65.9K
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	197K	259K	331K	5.83M	8.95M
Cash & Short-Term Investments	100K	184K	147K	5.34M	7.65M
Cash Only	100K	184K	147K	5.34M	7.65M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	1K	11K	2K	53K	115K
Days Sales Outstanding	2.01	20.07	3.84	55.43	12.18
Inventory	92K	44K	142K	248K	913K
Days Inventory Outstanding	819.02	138.45	471.18	398.77	284.58
Other Current Assets	0	0	24K	0	0
Total Non-Current Assets+	4K	4K	379K	559K	814K
Property, Plant & Equipment	0	0	144K	444K	750K
Fixed Asset Turnover	-	-	1.32x	0.79x	4.59x
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	110K	59K
Long-Term Investments	0	0	0	0	0
Other Non-Current Assets	4K	4K	235K	5K	5K
Total Assets+	201K	263K	710K	6.39M	9.77M
Asset Turnover	0.91x	0.76x	0.27x	0.05x	0.35x
Asset Growth %	-	0.31%	1.7%	8.01%	0.53%
Total Current Liabilities+	711K	800K	2.17M	475K	14.92M
Accounts Payable	45K	9K	97K	401K	572K
Days Payables Outstanding	400.61	28.32	321.86	644.78	178.29
Short-Term Debt	303K	308K	921K	0	0
Deferred Revenue (Current)	0	3K	0	0	0
Other Current Liabilities	3K	0	36K	43K	14.31M
Current Ratio	0.28x	0.32x	0.15x	12.28x	0.60x
Quick Ratio	0.15x	0.27x	0.09x	11.76x	0.54x
Cash Conversion Cycle	420.42	130.2	153.16	-190.58	118.47
Total Non-Current Liabilities+	650K	900K	426K	129K	32K
Long-Term Debt	650K	900K	0	0	0
Capital Lease Obligations	0	0	6K	34K	0
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	0	0	420K	95K	32K
Total Liabilities	1.36M	1.7M	2.59M	604K	14.95M
Total Debt+	953K	1.21M	944K	65K	34K
Net Debt	853K	1.02M	797K	-5.27M	-7.62M
Debt / Equity	-	-	-	0.01x	-
Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-
Interest Coverage	-78.83x	-36.75x	-44.80x	-	-0.72x
Total Equity+	-1.16M	-1.44M	-1.88M	5.79M	-5.19M
Equity Growth %	-	-0.24%	-0.31%	4.08%	-1.9%
Book Value per Share	-37.95	-47.01	-54.11	141.94	-78.71
Total Shareholders' Equity	-1.16M	-1.44M	-1.88M	5.79M	-5.19M
Common Stock	9K	92K	108K	1K	3K
Retained Earnings	-1.89M	-2.19M	-5.69M	-10.32M	-22.07M
Treasury Stock	0	0	0	0	0
Accumulated OCI	125K	150K	0	0	0
Minority Interest	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-228K	-171K	-785K	-5.05M	-4.93M
Operating CF Margin %	-1.25%	-0.85%	-4.13%	-14.46%	-1.43%
Operating CF Growth %	-	0.25%	-3.59%	-5.43%	0.02%
Net Income	-479K	-302K	-3.5M	-4.63M	-11.75M
Depreciation & Amortization	0	0	11K	58K	216K
Stock-Based Compensation	0	25K	0	668K	308K
Deferred Taxes	0	0	0	0	0
Other Non-Cash Items	62K	-19K	2.14M	359K	7.11M
Working Capital Changes	189K	125K	572K	-1.51M	-808K
Change in Receivables	13K	-10K	9K	-51K	-81K
Change in Inventory	27K	29K	-62K	-131K	-616K
Change in Payables	18K	0	0	0	0
Cash from Investing+	0	0	-75K	-289K	-502K
Capital Expenditures	0	0	-75K	-289K	-502K
CapEx % of Revenue	-	-	0.39%	0.83%	0.15%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	0	0	0	0	0
Cash from Financing+	316K	255K	847K	10.5M	7.74M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	0	5K	277K	215K	-50K
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	-228K	-171K	-860K	-5.34M	-5.43M
FCF Margin %	-1.25%	-0.85%	-4.53%	-15.29%	-1.58%
FCF Growth %	-	0.25%	-4.03%	-5.2%	-0.02%
FCF per Share	-7.46	-5.59	-24.73	-130.81	-82.41
FCF Conversion (FCF/Net Income)	0.48x	0.57x	0.22x	1.09x	0.42x
Interest Paid	0	0	0	0	0
Taxes Paid	0	0	0	0	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-236.69%	-3897.84%
Gross Margin	77.47%	42%	42.11%	34.96%	66.01%
Net Margin	-263.19%	-151%	-1844.74%	-1325.21%	-341.13%
Debt / Equity	-	-	-	0.01x	-
Interest Coverage	-78.83x	-36.75x	-44.80x	-	-0.72x
FCF Conversion	0.48x	0.57x	0.22x	1.09x	0.42x
Revenue Growth	-	9.89%	-5%	83.68%	887.11%

Frequently Asked Questions

Growth & Financials

Newton Golf Company (NWTG) reported $6.9M in revenue for fiscal year 2024. This represents a 3708% increase from $0.2M in 2020.

Newton Golf Company (NWTG) grew revenue by 887.1% over the past year. This is strong growth.

Newton Golf Company (NWTG) reported a net loss of $12.0M for fiscal year 2024.

Dividend & Returns

Newton Golf Company (NWTG) has a return on equity (ROE) of -3897.8%. Negative ROE indicates the company is unprofitable.

Newton Golf Company (NWTG) had negative free cash flow of $6.0M in fiscal year 2024, likely due to heavy capital investments.

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