How did NWTG's revenue and expenses trend in Q3 2024?

Newton Golf Technology (NWTG) exhibited robust growth in its revenue and maintained healthy expense levels in Q3 2024, which contributed to improved gross margins and operational efficiency.

1. **Revenue Trend**: NWTG's revenue was driven by significant sales across various business segments, including Driver and Fairway Shafts, Newton Shafts, Putters, and Sacks Parente Putters. The company reported a total revenue of $3.17 million for these segments.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|NWTG|NWTG.O|Newton Golf|20240101-2024|Sacks Parente Putters|254000|186|
|NWTG|NWTG.O|Newton Golf|20240101-2024|Sacks Parente Putters|225000|186|
|NWTG|NWTG.O|Newton Golf|20240101-2024|Sacks Parente Putters|60000|186|

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Gross Profit|Advertising and Marketing Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|NWTG|NWTG.O|Newton Golf|2023 Q4|1739000|200000|24000||186|
|NWTG|NWTG.O|Newton Golf|2024 Q1|1271000|190000|206000||186|
|NWTG|NWTG.O|Newton Golf|2024 Q2|1484000|207000|489000||186|
|NWTG|NWTG.O|Newton Golf|2024 Q3|1694000|201000|805000||186|

2. **Expense Management**: The company's Selling, General, and Administrative (SG&A) expenses were $1.69 million. This indicates that NWTG effectively managed its costs, which is evident from the stable SG&A expenses despite the increase in revenue.
3. **Gross Margin Improvement**: NWTG's gross margin improved by 11.31% to 63.18%. This improvement is a testament to the company's successful cost management and operational efficiency, which has resulted in higher profitability.
4. **R&D Investments**: NWTG continued to invest in research and development (R&D) with an expense of $201,000. These investments are crucial for maintaining a competitive edge in the market and for developing new products and technologies.

In conclusion, NWTG's Q3 2024 financial performance reflects a strong revenue growth trajectory, effective cost management, and a focus on R&D, which are all positive indicators for the company's future growth and profitability.