--- title: "Newton Golf Company | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 991 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286466196.md" datetime: "2026-05-14T20:45:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286466196.md) - [en](https://longbridge.com/en/news/286466196.md) - [zh-HK](https://longbridge.com/zh-HK/news/286466196.md) --- # Newton Golf Company | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 991 K Revenue: As of FY2026 Q1, the actual value is USD 991 K, missing the estimate of USD 1.486 M. EPS: As of FY2026 Q1, the actual value is USD -0.58, missing the estimate of USD -0.39. EBIT: As of FY2026 Q1, the actual value is USD -2.613 M. #### Net Sales Net sales for the first quarter of 2026 totaled $991,000, representing an 18% decrease from $1,210,000 in the prior-year quarter due to temporarily reduced manufacturing capacity and delayed order fulfillment associated with operational initiatives. #### Gross Profit Gross profit for the first quarter of 2026 was $628,000, or 63% of net sales, compared to $852,000, or 70% of net sales, in the prior-year quarter. The reduction was mainly attributed to temporary production inefficiencies. #### Total Operating Expenses Total operating expenses increased by 15% to $3,243,000 in the first quarter of 2026, up from $2,823,000 in the prior-year quarter. This increase was primarily due to approximately $200,000 in bonus accruals and higher labor and manufacturing-related costs, as well as research and development activities, partially offset by a reduction of approximately $200,000 in sales and marketing expenses and approximately $100,000 in professional services expenses. #### Loss from Operations Loss from operations for the first quarter of 2026 was -$2,615,000, compared to -$1,971,000 in the prior-year quarter. #### Net Loss Net loss for the first quarter of 2026 totaled -$2,659,000, compared to a net loss of -$525,000 in the prior-year quarter. #### Cash and Cash Equivalents Cash and cash equivalents were $593,000 at March 31, 2026, a decrease from $1,298,000 at December 31, 2025. #### Customer Deposits and Open Sales Orders Direct-to-consumer (DTC) customer deposits were $900,000 and open wholesale sales orders were $300,000 at quarter end, collectively representing $1,200,000 of expected future revenue upon shipment. Customer deposits on the balance sheet were $929,000 at March 31, 2026, compared to $75,000 at December 31, 2025. #### Returning Customer Orders Returning customer orders increased by 47% to 1,253 for the three months ended March 31, 2026, compared to the same period last year. #### Financing Activities During the quarter, Newton Golf Company, Inc. entered into a securities purchase agreement for the sale of up to $2,000,000 in convertible notes. The first closing on March 16, 2026, involved the issuance of a $500,000 convertible note to entities affiliated with a Company director. Subsequent to quarter end, an additional $850,000 of convertible notes were issued to unrelated third-party investors. Convertible Debt – related party, net was $429,000 at March 31, 2026, compared to $0 at December 31, 2025. #### Balance Sheet Highlights Total Current Assets were $1,536,000 at March 31, 2026, down from $2,187,000 at December 31, 2025. Accounts payable and accrued expenses increased to $1,912,000 at March 31, 2026, from $1,428,000 at December 31, 2025. Total Liabilities increased to $4,157,000 at March 31, 2026, from $2,373,000 at December 31, 2025. Total Stockholders’ (Deficiency) Equity was -$1,521,000 at March 31, 2026, compared to $926,000 at December 31, 2025. #### Outlook / Guidance Management anticipates that operational scaling initiatives will be substantially completed during the current quarter. Newton Golf Company, Inc. expects to benefit from improved manufacturing efficiencies, increased utilization, and more stable production planning as fulfillment activities and production volumes normalize. These operational improvements are believed to position the company for higher-volume production requirements and support future growth across various distribution channels. ### Related Stocks - [NWTG.US](https://longbridge.com/en/quote/NWTG.US.md) ## Related News & Research - [Newton Golf Q1 revenue falls 18% on delayed shipments](https://longbridge.com/en/news/286461547.md) - [SkinHealth Systems amends 8-K to include CRO Ronald Menezes severance agreement](https://longbridge.com/en/news/287270862.md) - [Suncrete auditor switch to Grant Thornton becomes effective, 8-K/A says](https://longbridge.com/en/news/287269041.md) - [Olin amends 8-K to correct KPMG ratification vote count error](https://longbridge.com/en/news/287267129.md) - [Apollo Clarifies Legal Status of Recent 8-K Disclosure](https://longbridge.com/en/news/286564452.md)