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Newton Golf Regains Nasdaq Compliance with $6.2M in Stockholders' Equity
ByAinvest
Thursday, May 29, 2025 4:10 pm ET1min read
Newton Golf Company (NASDAQ: NWTG) has regained compliance with Nasdaq's listing requirements after receiving formal notice from the stock market. The company's filing of its Form 10-Q for Q1 2025 reported $6.2 million in stockholders' equity, meeting the minimum requirement of $2.5 million. Nasdaq has closed the compliance matter, and Newton Golf remains in compliance with Nasdaq's continued listing requirements.
Newton Golf Company (NASDAQ: NWTG), a technology-driven golf shaft manufacturer, has regained compliance with Nasdaq's listing requirements. The company received formal notice from The Nasdaq Stock Market LLC confirming that it has met the minimum stockholders' equity requirement of $2.5 million for continued listing on the Nasdaq Capital Market [1].The confirmation follows Newton Golf's filing of its Form 10-Q for the quarter ended March 31, 2025, which reported stockholders' equity of $6.2 million. This meets the Nasdaq requirement and resolves a compliance matter originally raised on April 14, 2025 [1].
"We are pleased to have resolved this matter and to remain in full compliance with Nasdaq’s continued listing requirements," said Greg Campbell, Executive Chairman of Newton Golf Company. "Our strong balance sheet reflects the underlying momentum in our business and the investor confidence we continue to earn through performance and transparency" [1].
Newton Golf continues to build momentum, reporting 246% year-over-year revenue growth in Q1 2025 as adoption of the Newton Motion shaft surged across retail channels and major professional tours. Gross margin expanded to 70%, reflecting improved unit economics and strong product-market fit. The first quarter is typically the offseason for golf, yet Newton delivered a strong performance and continued expansion. More than 40 professional players are now gaming Newton shafts across major tours [1].
The company also expanded its international footprint and showcased its innovation at the 2025 PGA Show, reinforcing its position as one of the most exciting emerging brands in performance golf [1].
References:
[1] https://www.globenewswire.com/news-release/2025/05/28/3089320/0/en/Newton-Golf-Company-NASDAQ-NWTG-Regains-Compliance-with-Nasdaq-Listing-Requirements.html
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