Newton Golf Q1 net loss widens to $2.66 million; net sales fall 18% to $991,000

• Newton Golf posted a net loss of $2.66 million for quarter ended March 31, 2026, widening from $525,000 a year earlier.
• Net sales fell 18% to $991,000, while gross margin narrowed 7 percentage points to 63%.
• Operating loss widened to $2.62 million, while selling, general and administrative expense rose to $2.9 million.
• Cash and cash equivalents totaled $593,000 at March 31, 2026; stockholders’ deficit was $1.52 million, raising substantial doubt about going concern within one year after financial statements were issued.
• Introduced Fast Motion fairway wood shaft and hybrid shafts at 2026 PGA Show with commercial launch expected in third quarter of 2026; issued $500,000 of Convertible Notes on March 16 with additional $850,000 issued after quarter-end under a $2 million facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newton Golf Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023127), on May 14, 2026, and is solely responsible for the information contained therein.