Newton Golf Company (NWTG) 17th Annual LD Micro Main Event Conference summary

Product innovation and technology

• Introduced Newton Motion replacement golf shaft and Gravity putter line, both featuring unique physics-based designs for improved performance.

• Shafts use an elongated bend profile for efficient energy transfer, validated by robot testing and rapid adoption by 34 Champions Tour pros.

• Gravity putters utilize ultra-low balance point and forward center of gravity, with independent studies showing a 56% increase in putts made.

• All products are manufactured and assembled in the U.S., resonating with domestic and international customers.

• Simplified consumer selection with a dot system based on swing speed and driving distance.

Market expansion and distribution

• Expanded into 126 Club Champion stores and 50 major retail stores in Tokyo, with additional distribution in Korea.

• Signed Japanese and Korean distributors, leveraging retail, e-commerce, and influencer marketing in Asia.

• Direct-to-consumer sales are driven by digital marketing on Meta, Google, Amazon, and email campaigns.

• 74 independent club fitters signed up, targeting 100 by year-end, and growing presence in pro shops via RepSpark.

• International markets, especially Japan and Korea, spend more per capita on golf equipment than the U.S.

Financial performance and growth outlook

• Q3 revenue reached $1.2 million, up 50% from Q2 and 12x year-over-year, with a 67% gross margin.

• Targeting $10 million annual run rate and 80% gross margin by Q2 next year, with $1 million EBIT at scale.

• Current cash position is $1.6 million; plans to raise about $2 million via Reg A to support growth.

• Manufacturing facility in Missouri can scale to $40 million revenue with additional labor shifts.

• Inside ownership stands at 47%, with a market cap of $3.3 million and enterprise value of $1.7 million.