Newton Golf Flexes Financial Muscle: Board Greenlights Strategic $1M Buyback as Motion Shaft Demand Surges
NEWTON GOLF (Nasdaq: SPGC) has announced a $1 million share repurchase authorization approved by its Board of Directors. The program will run from January 31, 2025, to January 31, 2026. The company, which specializes in golf technology products including putters, shafts, grips, and accessories, may conduct repurchases through open market or private transactions.
The repurchase program is discretionary based on market conditions, business factors, and legal requirements. The company maintains flexibility to extend, suspend, or discontinue the program without prior notice. Executive Chairman Greg Campbell cited growing adoption of Newton Motion replacement shafts and confidence in the company’s continued growth and path to breakeven as key factors enabling this share repurchase initiative.
NEWTON GOLF (Nasdaq: SPGC) ha annunciato un autorizzazione all’acquisto di azioni da 1 milione di dollari approvata dal suo Consiglio di Amministrazione. Il programma sarà attivo dal 31 gennaio 2025 al 31 gennaio 2026. L’azienda, specializzata in prodotti tecnologici per il golf, inclusi putter, shaft, grip e accessori, potrà effettuare acquisti attraverso transazioni di mercato aperto o private.
Il programma di riacquisto è discrezionale, basato sulle condizioni di mercato, fattori aziendali e requisiti legali. L’azienda mantiene la flessibilità di estendere, sospendere o interrompere il programma senza preavviso. Il Presidente Esecutivo Greg Campbell ha citato l’aumento dell’adozione dei shaft sostitutivi Newton Motion e la fiducia nella continua crescita dell’azienda e nel percorso verso il pareggio come fattori chiave che abilitano questa iniziativa di riacquisto delle azioni.
NEWTON GOLF (Nasdaq: SPGC) ha anunciado una autorización de recompra de acciones de 1 millón de dólares aprobada por su Junta Directiva. El programa se llevará a cabo desde el 31 de enero de 2025 hasta el 31 de enero de 2026. La empresa, que se especializa en productos de tecnología para golf, incluidos putters, ejes, empuñaduras y accesorios, puede realizar recompras a través de transacciones en el mercado abierto o privadas.
El programa de recompra es discrecional y basado en las condiciones del mercado, factores comerciales y requisitos legales. La empresa mantiene la flexibilidad para extender, suspender o discontinuar el programa sin previo aviso. El Presidente Ejecutivo Greg Campbell citó la creciente adopción de los ejes de reemplazo Newton Motion y la confianza en el crecimiento continuo de la empresa y su camino hacia el equilibrio como factores clave que facilitan esta iniciativa de recompra de acciones.
NEWTON GOLF (나스닥: SPGC)는 이사회에서 승인한 100만 달러의 자사주 매입 승인을 발표했습니다. 프로그램은 2025년 1월 31일부터 2026년 1월 31일까지 운영됩니다. 골프 기술 제품(퍼터, 샤프트, 그립 및 액세서리 포함)을 전문으로 하는 이 회사는 공개 시장 또는 사적인 거래를 통해 매입을 진행할 수 있습니다.
매입 프로그램은 시장 상황, 비즈니스 요인 및 법적 요구 사항에 따라 재량적으로 이루어집니다. 회사는 사전 통지 없이 프로그램을 연장, 중단 또는 종료할 수 있는 유연성을 유지합니다. 그렉 캠벨 전무는 뉴턴 모션 대체 샤프트의 채택 증가와 회사의 지속적인 성장 및 손익 분기점 도달에 대한 신뢰를 이러한 자사주 매입을 가능하게 하는 주요 요소로 지적했습니다.
NEWTON GOLF (Nasdaq: SPGC) a annoncé une autorisation de rachat d’actions de 1 million de dollars approuvée par son Conseil d’Administration. Le programme sera actif du 31 janvier 2025 au 31 janvier 2026. L’entreprise, spécialisée dans les produits technologiques de golf, y compris les putters, les shafts, les grips et les accessoires, peut effectuer des rachats par le biais de transactions sur le marché ouvert ou privées.
Le programme de rachat est discrétionnaire en fonction des conditions du marché, des facteurs commerciaux et des exigences légales. L’entreprise maintient la flexibilité d’étendre, de suspendre ou d’interrompre le programme sans préavis. Le Président Exécutif Greg Campbell a cité l’adoption croissante des shafts de remplacement Newton Motion et la confiance dans la croissance continue de l’entreprise et son chemin vers l’équilibre comme des facteurs clés permettant cette initiative de rachat d’actions.
NEWTON GOLF (Nasdaq: SPGC) hat eine Genehmigung zum Rückkauf von Aktien im Wert von 1 Million Dollar bekannt gegeben, die von seinem Vorstand genehmigt wurde. Das Programm läuft vom 31. Januar 2025 bis zum 31. Januar 2026. Das Unternehmen, das auf Golftechnologieprodukte wie Putter, Schäfte, Griffe und Zubehör spezialisiert ist, kann Rückkäufe über den offenen Markt oder private Transaktionen durchführen.
Das Rückkaufprogramm ist nach Ermessen basierend auf Marktbedingungen, geschäftlichen Faktoren und gesetzlichen Anforderungen. Das Unternehmen behält sich die Flexibilität vor, das Programm ohne vorherige Ankündigung zu verlängern, auszusetzen oder einzustellen. Der Executive Chairman Greg Campbell nannte die wachsende Akzeptanz der Newton Motion-Ersatzschäfte und das Vertrauen in das anhaltende Wachstum des Unternehmens und den Weg zur Erreichung der Gewinnschwelle als Schlüsselfaktoren für diese Rückkaufinitiative.
Positive
- Authorization of $1 million share repurchase program indicating financial strength
- Growing adoption of Newton Motion replacement shafts
- Management’s confidence in business outlook and growth trajectory
- Company progressing toward breakeven status
Negative
- Company not yet profitable (still on ‘path to breakeven’)
- size of buyback program ($1 million)
- No guarantee on number of shares to be repurchased
Insights
The $1 million share repurchase authorization by NEWTON GOLF warrants careful analysis given its scope relative to the company’s $5.3 million market cap. While share repurchases typically signal management’s confidence and view that shares are undervalued, several critical factors deserve attention:
The program’s size is notably aggressive for a micro-cap company, representing 18.7% of market value. This substantial percentage suggests strong management conviction but raises questions about capital allocation strategy. For a growing company approaching breakeven, maintaining operational liquidity should be prioritized over share repurchases.
Trading dynamics are important here – with typically thin trading volume in micro-cap stocks, executing the full authorization could prove challenging without significantly impacting the share price. The one-year timeframe provides necessary flexibility, but careful execution will be essential to avoid market disruption.
The mention of growing adoption of Newton Motion replacement shafts as justification is particularly interesting. This suggests improving cash flow prospects, though investors should note that authorization doesn’t guarantee execution – management retains full discretion based on market conditions and business needs.
In the context of similar-sized companies, this program is relatively aggressive. Most micro-caps prioritize growth capital over buybacks. However, if executed strategically during periods of share price weakness, it could provide valuable price support while demonstrating management’s commitment to shareholder value.
CAMARILLO, CA, Feb. 03, 2025 (GLOBE NEWSWIRE) — NEWTON GOLF 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 that its Board of Directors has approved a share repurchase authorization of up to
“Our share repurchase authorization reflects the confidence we have in our business, our outlook for continued growth, and a path to breakeven. Growing adoption of our Newton Motion replacement shafts is a significant factor that provides us the flexibility and discretion to repurchase our common stock,” commented NEWTON GOLF Executive Chairman Greg Campbell.
About NEWTON GOLF: A Sacks Parente Company
NEWTON GOLF: A Sacks Parente Company, is a technology-forward golf company that help golfers elevate their game. With a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (ULBP) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.
In consideration of its growth opportunities in golf shaft technologies, the Company expanded its manufacturing business in April of 2022 to develop the advanced Newton brand of premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel and other golf-related product lines to enhance its growth.
The Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites, Club Champion retail stores, and distributors in the United States, Japan, and South Korea.
For more information, please visit the Company’s website at www.newtongolfco.com or on social media at @newtongolfco.com, @newtonshafts, or @gravityputters.
Investor Contact for NEWTON GOLF
CORE IR
516-222-2560
investors@sacksparente.com
FAQ
What is the size and duration of SPGC’s share repurchase program?
NEWTON GOLF’s share repurchase program authorizes up to $1 million in stock buybacks from January 31, 2025, to January 31, 2026.
How will SPGC implement its share repurchase program?
The company may repurchase shares through open market transactions, privately negotiated transactions, or a combination of both methods.
What products does SPGC currently offer in its portfolio?
NEWTON GOLF offers a range of golf products including putters, golf shafts, golf grips, and other golf-related accessories.
What factors influenced SPGC’s decision to authorize the share repurchase?
The decision was influenced by growing adoption of Newton Motion replacement shafts, confidence in continued growth, and progress toward reaching breakeven status.
Can SPGC modify or cancel the share repurchase program?
Yes, the program can be extended, suspended, or discontinued at the company’s discretion without prior notice.
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