How did TruGolf's expenses impact its Q3 2024 net profit?

TruGolf's expenses had a significant impact on its Q3 2024 net profit, primarily due to the strategic review and restructuring initiatives undertaken by the company.

1. **Strategic Review and Restructuring Costs**: TruGolf incurred substantial expenses related to the strategic review of its Topgolf venues and operations. These costs included consulting fees, relocation expenses, and one-time charges associated with the evaluation of organic and inorganic alternatives for the Topgolf brand.
2. **Disposal of Assets**: The company also recorded losses on the disposal of assets, which were part of the restructuring efforts. These losses contributed to the overall decline in net profit.
3. **Impact on Net Profit**: The combined effect of these strategic expenses and disposal losses had a material impact on TruGolf's Q3 2024 net profit, resulting in a significant decrease from the previous year's levels. Despite maintaining a #1 U.S. model market share and continued market share gains in golf balls, the additional expenses weighed heavily on the company's profitability for the period.

In conclusion, TruGolf's expenses related to the strategic review and restructuring initiatives significantly impacted its Q3 2024 net profit, resulting in a decline compared to the same period the previous year.