Newton Golf Company, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 12, 2026, reporting financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Net loss of $6,176,000 for the nine months ended September 30, 2026, compared to a net loss of $3,625,000 in the same period of 2025, according to the filing.
  • Net sales declined to $3,675,000 for the nine months ended September 30, 2026, down from $5,860,000 in the comparable prior-year period.
  • Cash and cash equivalents stood at $513,000 as of September 30, 2026, compared to $1,298,000 as of December 31, 2025.
  • Total assets increased to $4,791,000 as of September 30, 2026, from $3,299,000 as of December 31, 2025, primarily reflecting the addition of a mineral property option valued at $1,474,000.
  • Accumulated deficit reached $34,265,000 as of September 30, 2026, up from $28,089,000 at December 31, 2025.
  • Shares outstanding increased to 7,651,166 common shares as of September 30, 2026, from 4,592,063 as of December 31, 2025, with 10,175,469 shares outstanding as of November 9, 2026.
  • Series A Preferred Stock of 24,093 shares issued and outstanding as of September 30, 2026, with no such shares outstanding at December 31, 2025, contributing $2,144,000 to stockholders' equity.

Newton Golf Company Financial Results: Revenue Decline and Wider Loss Through September 2026

According to the filing, Newton Golf Company, Inc. (NASDAQ:NWTG) reported net sales of $1,368,000 for the three months ended September 30, 2026, compared to $2,582,000 in the three months ended September 30, 2025. For the nine-month period, net sales totaled $3,675,000 versus $5,860,000 in the prior-year period. Gross profit for the nine months ended September 30, 2026 was $2,359,000, down from $3,985,000 in the same period of 2025.

The company reported a loss from operations of $5,487,000 for the nine months ended September 30, 2026, compared to an operating loss of $4,982,000 in the same period of 2025, the filing disclosed. Total operating expenses for the nine-month period were $7,846,000, including selling, general and administrative expenses of $6,952,000 and research and development costs of $894,000. The net loss per share, basic and diluted, was $(1.27) for the nine months ended September 30, 2026, based on a weighted average of 4,860,030 shares outstanding.

The balance sheet as of September 30, 2026 reflected total liabilities of $3,653,000, up from $2,373,000 at December 31, 2025. New items included a line of credit of $1,000,000 classified as noncurrent, notes payable related to mineral rights of $82,000 (noncurrent) and $83,000 (current), and a mineral property option asset of $1,474,000. The warrant liability stood at $488,000 as of September 30, 2026, down from $745,000 at December 31, 2025. Total stockholders' equity was $1,138,000 as of September 30, 2026. The filing noted the company's ability to continue as a going concern as among the factors that could materially affect its forward-looking statements.

What Was Disclosed

Newton Golf Company filed its quarterly report covering the period ended September 30, 2026, disclosing a nine-month net loss of $6,176,000, reduced net sales, declining cash, a new mineral property option asset, and an expansion of shares outstanding and preferred stock.