Newton Golf Co Financials
This page shows Newton Golf Co (NWTG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Newton Golf Co has an operating margin of -144.5%, meaning the company retains $-145 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1327.5% the prior year.
Newton Golf Co's revenue surged 887.1% year-over-year to $3.4M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Newton Golf Co's current ratio of 0.60 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 4/100, which could limit financial flexibility.
While Newton Golf Co generated -$4.9M in operating cash flow, capex of $502K consumed most of it, leaving -$5.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Newton Golf Co passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Newton Golf Co generates $0.42 in operating cash flow (-$4.9M OCF vs -$11.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Newton Golf Co generated $3.4M in revenue in fiscal year 2024. This represents an increase of 887.1% from the prior year.
Newton Golf Co's EBITDA was -$4.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4.6% from the prior year.
Newton Golf Co generated -$5.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1.8% from the prior year.
Newton Golf Co reported -$11.8M in net income in fiscal year 2024. This represents a decrease of 154.1% from the prior year.
Newton Golf Co earned $-178.33 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 57.3% from the prior year.
Newton Golf Co held $7.7M in cash against $0 in long-term debt as of fiscal year 2024.
Newton Golf Co had 297,184 shares outstanding in fiscal year 2024. This represents an increase of 475.4% from the prior year.
Newton Golf Co's gross margin was 66.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 31.1 percentage points from the prior year.
Newton Golf Co's operating margin was -144.5% in fiscal year 2024, reflecting core business profitability. This is up 1183.0 percentage points from the prior year.
Newton Golf Co's net profit margin was -341.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 984.1 percentage points from the prior year.
Newton Golf Co invested $743K in research and development in fiscal year 2024. This represents an increase of 188.0% from the prior year.
Newton Golf Co invested $502K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 73.7% from the prior year.
NWTG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6M+24.9% | $2.1M+70.9% | $1.2M+13.0% | $1.1M-11.6% | $1.2M+49.0% | $813K+132.3% | $350K+199.1% | $117K |
| Cost of Revenue | $848K+26.8% | $669K+86.9% | $358K+20.5% | $297K-26.8% | $406K+25.3% | $324K+125.0% | $144K+54.8% | $93K |
| Gross Profit | $1.7M+23.9% | $1.4M+64.2% | $852K+10.1% | $774K-3.9% | $805K+64.6% | $489K+137.4% | $206K+758.3% | $24K |
| R&D Expenses | $182K+27.3% | $143K-49.3% | $282K+94.5% | $145K-27.9% | $201K-2.9% | $207K+8.9% | $190K-5.0% | $200K |
| SG&A Expenses | $3.1M+10.6% | $2.8M+8.7% | $2.5M+23.3% | $2.1M+21.6% | $1.7M+14.2% | $1.5M+16.8% | $1.3M-26.9% | $1.7M |
| Operating Income | -$1.5M+0.2% | -$1.5M+23.5% | -$2.0M-37.7% | -$1.4M-31.3% | -$1.1M+9.3% | -$1.2M+4.2% | -$1.3M+34.5% | -$1.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $47K-24.2% | $62K+410.0% | -$20K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.6M-3.9% | -$1.5M-189.5% | -$525K+93.7% | -$8.3M-687.2% | -$1.1M+8.2% | -$1.2M+3.2% | -$1.2M+35.1% | -$1.8M |
| EPS (Diluted) | $-0.340.0% | $-0.34+38.2% | $-0.55 | $-131.23 | $-21.79-2658.2% | $-0.79 | $-24.52 | $-111.74 |
NWTG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3M-19.5% | $6.5M-20.7% | $8.2M-15.7% | $9.8M+190.3% | $3.4M-20.4% | $4.2M-20.1% | $5.3M-17.3% | $6.4M |
| Current Assets | $4.2M-23.8% | $5.5M-25.2% | $7.4M-17.8% | $9.0M+267.8% | $2.4M-32.2% | $3.6M-23.3% | $4.7M-19.7% | $5.8M |
| Cash & Equivalents | $2.5M-36.4% | $4.0M-31.8% | $5.9M-23.3% | $7.7M+482.6% | $1.3M-52.9% | $2.8M-31.8% | $4.1M-23.5% | $5.3M |
| Inventory | $1.2M+13.3% | $1.0M-0.3% | $1.0M+13.7% | $913K+46.1% | $625K+31.0% | $477K+42.0% | $336K+35.5% | $248K |
| Accounts Receivable | $85K-47.5% | $162K+1.3% | $160K+39.1% | $115K-32.7% | $171K+8.9% | $157K+423.3% | $30K-43.4% | $53K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.2M+2.5% | $2.1M+5.5% | $2.0M-86.4% | $15.0M+1959.6% | $726K+21.2% | $599K+1.0% | $593K-1.8% | $604K |
| Current Liabilities | $2.1M+2.7% | $2.1M+3.0% | $2.0M-86.5% | $14.9M+2120.4% | $672K+28.5% | $523K+7.0% | $489K+2.9% | $475K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $3.1M-30.3% | $4.4M-29.3% | $6.2M+219.5% | -$5.2M-296.6% | $2.6M-27.3% | $3.6M-22.8% | $4.7M-18.9% | $5.8M |
| Retained Earnings | -$25.7M-6.6% | -$24.1M-6.7% | -$22.6M-2.4% | -$22.1M-60.8% | -$13.7M-8.4% | -$12.7M-10.0% | -$11.5M-11.6% | -$10.3M |
NWTG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.3M-9.2% | -$1.2M+22.4% | -$1.6M-4.4% | -$1.5M-37.4% | -$1.1M+8.4% | -$1.2M-3.4% | -$1.2M+7.3% | -$1.2M |
| Capital Expenditures | $93K-41.9% | $160K+22.1% | $131K+235.9% | $39K-85.8% | $275K+161.9% | $105K+26.5% | $83K-55.9% | $188K |
| Free Cash Flow | -$1.4M-3.2% | -$1.4M+19.0% | -$1.7M-10.3% | -$1.5M-12.6% | -$1.4M-5.4% | -$1.3M-4.9% | -$1.2M+13.7% | -$1.4M |
| Investing Cash Flow | -$93K+41.9% | -$160K-22.1% | -$131K-235.9% | -$39K+85.8% | -$275K-227.4% | -$84K+19.2% | -$104K+44.7% | -$188K |
| Financing Cash Flow | -$39K+92.1% | -$493K-486.9% | -$84K-101.1% | $7.9M+7390.7% | -$108K | N/A | N/A | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NWTG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.2%-0.5pp | 67.7%-2.8pp | 70.4%-1.9pp | 72.3%+5.8pp | 66.5%+6.3pp | 60.2%+1.3pp | 58.9%+38.4pp | 20.5% |
| Operating Margin | -58.3%+14.6pp | -72.9%+90.0pp | -162.9%-29.3pp | -133.6%-43.6pp | -90.0%+57.8pp | -147.8%+210.7pp | -358.6%+1278.2pp | -1636.8% |
| Net Margin | -61.2%+12.3pp | -73.5%-30.1pp | -43.4%+735.7pp | -779.1%-691.5pp | -87.5%+54.5pp | -142.1%+198.8pp | -340.9%+1230.9pp | -1571.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -30.1%-6.8pp | -23.3%-16.9pp | -6.4%+79.1pp | -85.4%-53.9pp | -31.5%-4.2pp | -27.3%-4.8pp | -22.6%+6.2pp | -28.8% |
| Current Ratio | 1.97-0.7 | 2.66-1.0 | 3.65+3.1 | 0.60-3.0 | 3.62-3.2 | 6.87-2.7 | 9.58-2.7 | 12.28 |
| Debt-to-Equity | 0.72+0.2 | 0.49+0.2 | 0.33+3.2 | -2.88-3.2 | 0.28+0.1 | 0.17+0.0 | 0.13+0.0 | 0.10 |
| FCF Margin | -54.9%+11.5pp | -66.4%+73.7pp | -140.1%+3.4pp | -143.5%-30.8pp | -112.7%+46.6pp | -159.3%+193.3pp | -352.6%+869.7pp | -1222.2% |
Note: Shareholder equity is negative (-$5.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.60), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Newton Golf Co's annual revenue?
Newton Golf Co (NWTG) reported $3.4M in total revenue for fiscal year 2024. This represents a 887.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Newton Golf Co's revenue growing?
Newton Golf Co (NWTG) revenue grew by 887.1% year-over-year, from $349K to $3.4M in fiscal year 2024.
Is Newton Golf Co profitable?
No, Newton Golf Co (NWTG) reported a net income of -$11.8M in fiscal year 2024, with a net profit margin of -341.1%.
What is Newton Golf Co's earnings per share (EPS)?
Newton Golf Co (NWTG) reported diluted earnings per share of $-178.33 for fiscal year 2024. This represents a -57.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Newton Golf Co's EBITDA?
Newton Golf Co (NWTG) had EBITDA of -$4.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Newton Golf Co's gross margin?
Newton Golf Co (NWTG) had a gross margin of 66.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Newton Golf Co's operating margin?
Newton Golf Co (NWTG) had an operating margin of -144.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Newton Golf Co's net profit margin?
Newton Golf Co (NWTG) had a net profit margin of -341.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Newton Golf Co's free cash flow?
Newton Golf Co (NWTG) generated -$5.4M in free cash flow during fiscal year 2024. This represents a -1.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Newton Golf Co's operating cash flow?
Newton Golf Co (NWTG) generated -$4.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Newton Golf Co's total assets?
Newton Golf Co (NWTG) had $9.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Newton Golf Co's capital expenditures?
Newton Golf Co (NWTG) invested $502K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Newton Golf Co spend on research and development?
Newton Golf Co (NWTG) invested $743K in research and development during fiscal year 2024.
How many shares does Newton Golf Co have outstanding?
Newton Golf Co (NWTG) had 297,184 shares outstanding as of fiscal year 2024.
What is Newton Golf Co's current ratio?
Newton Golf Co (NWTG) had a current ratio of 0.60 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Newton Golf Co's debt-to-equity ratio?
Newton Golf Co (NWTG) had a debt-to-equity ratio of -2.88 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Newton Golf Co's return on assets (ROA)?
Newton Golf Co (NWTG) had a return on assets of -120.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Newton Golf Co's cash runway?
Based on fiscal year 2024 data, Newton Golf Co (NWTG) had $7.7M in cash against an annual operating cash burn of $4.9M. This gives an estimated cash runway of approximately 19 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Newton Golf Co's debt-to-equity ratio negative or unusual?
Newton Golf Co (NWTG) has negative shareholder equity of -$5.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Newton Golf Co's Piotroski F-Score?
Newton Golf Co (NWTG) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Newton Golf Co's earnings high quality?
Newton Golf Co (NWTG) has an earnings quality ratio of 0.42x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Newton Golf Co?
Newton Golf Co (NWTG) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.