CAMARILLO, CA, Sept. 09, 2024 (GLOBE NEWSWIRE) -- NEWTON GOLF: A Sacks Parente Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces the appointment of Doug Samuelson as its Chief Financial Officer, effective as of September 9, 2024. “Doug’s extensive accounting and financial reporting experience, including roles as CFO of a number of publi ...

Introducing NEWTON GOLF: A Sacks Parente Company that offers putters and golf shafts and has ambitious plans for growth CAMARILLO, CA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf, (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces a significant evolution in its corporate brand identity. Effective immediately, the Company will restructure its p ...

CAMARILLO, CA, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces that Greg Campbell, Executive Chairman, will present a corporate overview at the Investor Summit Summer 2024 Conference. The conference is being held virtually on August 20, 2024. Mr. Campbell will be available for one-on-one meet ...

上市及摘牌风险 - 公司于2023年8月17日在纳斯达克资本市场上市，通过公开发行3,200,000股普通股筹集资金1,160万美元[113] - 公司于2023年12月收到纳斯达克发出的摘牌警告函，因股价连续30个交易日低于1美元的最低上市标准[117] - 公司于2024年6月获得纳斯达克听证小组的临时豁免，要求公司在2024年7月31日前进行1:10的股票反向拆分以符合最低股价要求[119] 财务表现 - 公司于2024年第二季度实现销售额813,000美元，同比增长1,630%[130] - 公司2024年第二季度毛利率为60%，同比提高28个百分点[131] - 公司2024年上半年销售额为1,163,000美元，同比增长749%[142] - 公司2024年上半年毛利率为60%，同比提高17个百分点[143] - 销售、一般及管理费用增加约120万美元至280万美元，主要是员工成本、公众公司相关成本和广告费用增加[145] - 营业亏损增加至250万美元，主要是由于运营费用增加，但毛利有所增加[147] - 利息收入为10.9万美元，而上年同期利息费用为4.2万美元，主要是由于偿还了债务并获得了首次公开募股的收益[148] - 净亏损增加75.9万美元至230万美元，主要是由于运营费用增加，但毛利和利息费用有所减少[149] 新产品开发 - 公司于2023年11月推出"Newton"碳纤维高尔夫球杆轴产品线，并于2024年4月推出Newton Motion系列球道木杆轴[115][116] - 公司2024年第二季度研发费用增加189,000美元至207,000美元，主要用于新产品开发[134] - 公司2024年上半年研发费用增加354,000美元至397,000美元，主要用于新产品开发[140] - 研发费用增加35.4万美元至39.7万美元，主要是为Newton Motion fairway wood shaft产品进行测试和改进的成本[146] 持续经营能力 - 公司于2023年8月完成首次公开募股，募集资金净额为1,159.4万美元[156] - 公司目前存在持续经营能力方面的重大不确定性[157][159] 内部控制 - 公司的内部控制存在固有局限性,包括决策过程中的判断可能存在错误,以及由于个人错误或疏忽而导致的故障[177] - 内部控制可能被个人行为、两人或多人串通、管理层越权等方式规避[177] - 内部控制的设计基于对未来事件发生可能性的假设,无法保证在所有潜在情况下都能实现预期目标[177] - 内部控制的有效性评估在未来期间存在风险,随着条件变化或政策执行程度下降,内部控制可能变得不足[177] - 公司的内部控制和信息披露控制在2024年6月30日有效[174] - 2024年第二季度公司的内部控制没有发生重大变化[175] - 公司的内部控制和信息披露控制不可能完全防范所有错误和舞弊[176] 法律风险 - 公司目前没有任何重大法律诉讼[178]

Camarillo, Calif., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf, Inc. (NASDAQ:SPGC), (the "Company" or "Sacks Parente"), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, reports its financial results for its fiscal second quarter ended June 30, 2024 and provides a business update. Financial Highlights Revenue of $813,000 in 2Q24 increased 132% sequentially from $350,000 in 1Q24Gross margin of ...

Camarillo, Calif., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf, Inc. (NASDAQ: SPGC), (the “Company” or “Sacks Parente”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, reports its financial results for its fiscal second quarter ended June 30, 2024 and provides a business update. Financial Highlights Revenue of $813,000 in 2Q24 increased 132% sequentially from $350,000 in 1Q24Gross margin of ...

CAMARILLO, CA, July 29, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf Company, Inc. (NASDAQ:SPGC) ("SPG" or the "Company"), a technology forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other related accessories, announces that its board of directors has approved a 1-for-10 reverse stock split of the Company's common stock. The reverse stock split will become effective on July 30, 2024 at 12:01 am, Eastern Time, ("Effective Time") and the Company' ...

CAMARILLO, CA, July 29, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf Company, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other related accessories, announces that its board of directors has approved a 1-for-10 reverse stock split of the Company’s common stock. The reverse stock split will become effective on July 30, 2024 at 12:01 am, Eastern Time, (“Effective Time”) and the Company ...

CAMARILLO, CA, July 24, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf Company, Inc. (NASDAQ:SPGC) ("SPG" or the "Company"), a technology forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other related accessories, announces that its board of directors has approved a 1-for-10 reverse stock split of the Company's common stock. The reverse stock split will become effective on July 30, 2024 at 12:01 am, Eastern Time, ("Effective Time") and the Company' ...

文章核心观点 - 公司推出针对PGA TOUR Champions球员使用Newton Motion驱动杆的每周表现奖金池计划 [1][2][3][4] - 该计划旨在激励PGA TOUR Champions球员使用公司的Newton Motion驱动杆,并根据其表现获得奖金 [2][3][4][5] - 目前已有8名球员参与该计划,包括Doug Barron、Clark Dennis等 [6] - 公司未来计划进一步扩大Newton Motion驱动杆在PGA TOUR Champions的使用,并计划拓展到高尔夫服装等其他产品线 [6][7][8][9] 公司概况 - 公司为科技型高尔夫公司,拥有包括推杆、高尔夫杆、高尔夫握把等在内的丰富产品线 [7] - 公司在高尔夫杆技术方面有多项创新成就,如First Vernier Acuity推杆、Ultra-Low Balance Point (ULBP)推杆技术等 [7] - 公司于2022年4月在密苏里州圣约瑟夫市开设了新的杆材制造工厂,以生产高端Newton品牌高尔夫杆 [8] - 公司未来计划通过兼并收购或内部开发等方式,拓展到高尔夫服装等其他相关产品线 [9] - 公司产品目前主要通过经销商、公司网站、Club Champion零售店以及在美国、日本和韩国的分销商销售 [10]