Here are the 10-Q quarterly reports from Sacks Parente Golf, Inc. (SPGC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SPGC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPGC filings page.
Newton Golf Company, Inc. reported accelerating product sales but remains unprofitable and cash-constrained. Net sales rose to $2.07 million for the quarter and $3.28 million for the six months, versus $813,000 and $1.16 million a year earlier, driven largely by Newton motion shaft introductions and online sales. Gross margins improved to about 68%–69% as higher volumes and product mix reduced per-unit costs.
Despite revenue gains, the company recorded net losses of $1.52 million for the quarter and $2.05 million for the six months and used $2.78 million of cash in operating activities in the first half. Cash and cash equivalents declined to $4.01 million from $7.65 million. Management discloses substantial doubt about the company’s ability to continue as a going concern and expects current cash to last at least nine months absent additional financing. The company materially reduced its warrant liability from $14.26 million to $0.84 million following cashless warrant exercises, restored Nasdaq bid-price and equity compliance, completed reverse stock splits, and repurchased 200,400 shares for approximately $500,000.