10-Q · May 14, 2026
In Q4 2026, NWTG reported a revenue of $2,275,000, up 13.75% from $2,000,000 in Q4 2025 but incurred a loss per share of $0.56, which is a significant decline from the -$0.34 consensus estimate. The company continues to…
Earnings analysis · 10-Q
NWTG earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
Newton Golf reported $1.316 million of revenue and a diluted EPS loss of $0.49 for Q2 2026. Revenue improved approximately 32.8% sequentially from $991,000 but declined from $2 million in Q2 2025, while EPS worsened…
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Newton Golf reported $1.316 million of revenue and a diluted EPS loss of $0.49 for Q2 2026. Revenue improved approximately 32.8% sequentially from $991,000 but declined from $2 million in Q2 2025, while EPS worsened from a $0.34 loss. Liquidity was supplemented by approximately $2.2 million of net convertible-note proceeds, but the company continues to face high financing, dilution and control risks because disclosure controls remained ineffective as of June 30, 2026.
Reported figures
- Earnings per share
- $-0.49
What stood out
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Revenue Rebounded Sequentially
Reported revenue was $1.316 million, up from $991,000 in the prior quarter, a sequential increase of approximately 32.8%.
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Convertible Financing Added Liquidity
The company raised $2.25 million of convertible notes during the six months ended June 30, 2026 and received approximately $2.2 million of net proceeds after issuance costs.
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Funding Extends Near-Term Liquidity
The financing carries 10% annual interest and an 18-month maturity, providing near-term funding but with a defined repayment or conversion obligation.
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Financing Included Equity Upside
The company issued warrants to purchase 225,000 common shares at an exercise price of $1.75 per share in connection with the convertible notes.
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No Civil Litigation Filed
Management stated that no civil litigation had been filed regarding former-employee claims and that it had recorded an accrual for estimated losses where appropriate.
What to watch
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Ineffective Disclosure Controls
Management concluded that disclosure controls and procedures were not effective as of June 30, 2026. The same conclusion was reported as of December 31, 2025, indicating an unresolved controls deficiency.
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Debt and Dilution Exposure
The company issued $2.25 million of convertible notes at 10% interest, maturing 18 months after issuance. The notes are convertible at $1.60 per share, creating repayment, interest and potential dilution risk.
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Year-Over-Year Performance Declined
Reported EPS deteriorated to negative $0.49 from negative $0.34 in 2025 Q2, while revenue of $1.316 million was below the $2 million reported in 2025 Q2, indicating worsening year-over-year operating performance.
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Additional Potential Dilution
The company issued warrants covering 225,000 shares at an exercise price of $1.75 per share, in addition to the convertible-note conversion feature, increasing potential equity dilution.
Management's outlook
No quantitative revenue or EPS outlook was provided in the supplied 10-Q text; outlook appears deferred to the earnings release or call.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.