Filing Flows › Newton Golf Company (NWTG) › Q4 2024
Newton Golf Company (NWTG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 4, 2025
Newton Golf Company (NWTG) reported revenue of $1.1M for the fourth quarter 2024 (Q4 2024), +815% from a year earlier and -12% from the quarter before. Operating margin was -133.6%, net loss $8.3M (779.1% of revenue).
Newton Golf Company, Q4 2024: revenue $1.1M (+815% year over year), operating margin -133.6%, net loss $8.3M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | -12% | +815% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$8.3M | — | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $1.1M in Q4 2024, up 815% year over year and down 12% from the previous quarter.
Gross margin was 72.3%, up 51.8 points from a year earlier. Operating costs exceeded revenue by $1.4M, an operating margin of -133.6%. Operating expenses grew 14% against revenue growth of 815%. The fastest-growing cost line was SG&A (+18%). The quarter ended with a net loss of $8.3M, wider than the previous quarter's $1.1M loss. Net interest and other expense of $6.9M was the main reason.
Operating cash flow was −$1.5M. Non-cash charges added back $44K of depreciation and $52K of share-based compensation. Working capital and other items added $6.8M. Capital expenditures of $39K exceeded it, leaving free cash flow of −$1.5M.
Questions
What was Newton Golf Company's revenue in the fourth quarter 2024?
Newton Golf Company (NWTG) reported revenue of $1.1M for the fourth quarter 2024 (Q4 2024), +815% from a year earlier and -12% from the quarter before.
Was Newton Golf Company profitable in the fourth quarter 2024?
Operating loss was $1.4M (-133.6% of revenue) and net loss $8.3M.