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Company Overview Newton Golf Company, Inc. (the Company, Newton, we, us, or our ) designs, manufactures, and sells performance golf equipment, including premium golf shafts and putters, and focuses on developing technology-driven golf products intended to enhance player performance. The Company s Newton Motion shaft product line represents a core component of its product strategy and has contri…
The business is unprofitable at the operating level (-92.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 136.1% YoY with margins expanding 51.7pp.
ROIC dropped from -133.56% to -1142.32%, capital efficiency is deteriorating. Negative free cash flow of -$6M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$8M
▲ +136.1% YoY
Net Income (TTM)
-$8M
▲ +48.8% YoY
Op. Margin
-103.49%
▲ +51.7pp YoY
ROIC
-282.70%
▼ -1008.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▼ -3.8% YoY
Op. Cash Flow (TTM)
-$5M
▼ -4.8% YoY
Net Debt
-$89K
Net Cash Position
Cash & Equiv.
$593K
3Y CAGR: +249.8%
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