Newton Golf — Third Quarter 2026 Earnings Summary

Newton Golf Company reported a net loss of $1.2 million for the third quarter of 2026, driven by a 47% decline in net sales to $1.4 million due to reduced marketing activity. The company expanded its 2.0 shaft rollout with over 80 professional golfers using its products and grew its fitter network to approximately 301 accounts. Following the quarter, Newton raised approximately $3.0 million through equity financings and converted $1.0 million of debt into equity, resulting in a pro forma stockholders' equity of $5.2 million. Despite these liquidity improvements, the company faces Nasdaq compliance concerns regarding its minimum equity requirement and anticipates needing additional financing to continue operations.