Newton Golf Company

NWTG

$1.27

-2.29%

2026-09-04 12:57:35 EDT-$0.03

Consumer Cyclical

Leisure

NASDAQ

Active Trading

Founded in 2018 and based in Camarillo, California, Newton Golf Company, which was formerly known as Sacks Parente Golf, Inc. until its ...

Supply Chain of NWTG

Upstream

Foundry, packaging, memory, wafers, components, and input vendors.

Upstream

Toray Industries, Inc.

Mitsubishi Chemical Group Corporation

US-based metals suppliers (steel, aluminum, tungsten, titanium, magnesium)

US-based coatings, paints & inks suppliers

Toray Industries, Inc.

Mitsubishi Chemical Group Corporation

Toray Industries, Inc.

TYO:3402

Supplier of high-modulus carbon fiber prepreg used in Newton Motion and Fast Motion shafts (confirmed via company press release April 2025)

Mitsubishi Chemical Group Corporation

TYO:4188

Potential supplier of carbon fiber prepreg materials for golf shafts (major industry supplier; industry structure inference)

US-based metals suppliers (steel, aluminum, tungsten, titanium, magnesium)

Suppliers of raw metal alloys used in Newton Gravity putter manufacturing at Camarillo, CA facility

US-based coatings, paints & inks suppliers

Suppliers of decorative and protective coatings used in shaft and putter finishing

Toray Industries, Inc.

TYO:3402

Carbon fiber precursor (PAN-based) and prepreg manufacturer supplying Tier 1 carbon fiber prepreg needs

Downstream

Customers, distributors, OEMs, and channels that absorb output.

Downstream

Club Champion (LLC)

Golf Digest Online Inc. (GDO)

VOICE CADDIE

Professional Club Fitters Network (~230 locations)

Potential OEM Club Manufacturers (undisclosed)

Direct-to-Consumer (newtongolfco.com, newtongolf.jp)

50 Major Japanese Golf Retailers

Club Champion (LLC)

Largest retail fitting partner – #1 selling shaft brand for drivers and fairway woods across all 136 Club Champion locations in the US in 2025. Newton shafts available at all stores.

Golf Digest Online Inc. (GDO)

TYO:3319

Exclusive Japan e-commerce and retail distribution partner. Newton Motion shafts available through GDO's platform and 50 of Japan's largest golf retailers. Newton also launched NewtonGolf.jp DTC site in Oct 2025.

VOICE CADDIE

Exclusive South Korea distribution partner (signed Feb 2026). Responsible for promotion, marketing, and sale of Newton Golf products throughout South Korea.

Professional Club Fitters Network (~230 locations)

Independent club fitters and golf pro shops across the US. Network expanded 130% from 2024 to 2025. Incentive program for golf pros and instructors.

Potential OEM Club Manufacturers (undisclosed)

Company actively pursuing OEM partnerships where Newton shafts would become stock/optional equipment on major OEM driver models. Investor presentation models $23M annual revenue from a single OEM deal.

Proxies

Public comparables and monitoring names used as representatives for the analysis.

Proxies

Acushnet Holdings Corp.

Topgolf Callaway Brands Corp.

Toray Industries, Inc.

FST Corporation

Acushnet Holdings Corp.

NYSE:GOLF

Largest publicly listed pure-play golf equipment peer. Owns Titleist, Scotty Cameron, FootJoy. Direct competitor in premium golf equipment. Provides a benchmark for the golf supply chain ecosystem.

Topgolf Callaway Brands Corp.

NYSE:MODG

Major golf equipment OEM (Callaway, Odyssey, Ogio) that competes with Newton in shafts and putters. Also sources from similar carbon fiber and metal supply chains.

Toray Industries, Inc.

TYO:3402

Confirmed supplier of carbon fiber to Newton Golf. Proxy for carbon fiber raw material cost trends that impact Newton's gross margins (~67% in FY2025).

FST Corporation

NASDAQ:KBSX

Publicly listed golf shaft manufacturer (KBS shafts) with a similar business model. Small-cap peer providing valuation and margin comparisons for the golf shaft industry.

Geographic

Region-level exposures that can distort the supply network.

Geographic

Japan

South Korea

United States (Missouri)

Golf Digest Online Inc. (GDO)

VOICE CADDIE

Newton Golf St. Joseph Manufacturing Facility

Japan

International distribution dependency

Golf Digest Online Inc. (GDO)TYO:3319Primary Japan distribution partner. GDO has been undergoing delisting proceedings (TYO:3319 delisted Sept 2025, going private via TGT Holdings tender offer). This creates uncertainty around the distribution partnership's continuity.

South Korea

New international distribution market

VOICE CADDIEExclusive South Korea distributor since Feb 2026. Early-stage partnership with unproven revenue contribution. VOICE CADDIE is a private Korean company.

United States (Missouri)

Single-site manufacturing concentration

Newton Golf St. Joseph Manufacturing FacilityNASDAQ:NWTGSingle production site for all Newton Motion shafts. Located in St. Joseph, MO. Any local disruption (weather, labor, equipment) halts all shaft production.

Concentration

Customer, supplier, or partner concentration exposures that can distort the supply network.

Customer

High

Club Champion represents a significant downstream concentration risk. As the #1 shaft at Club Champion, Newton could be materially impacted if the partnership changes or Club Champion reduces its Newton inventory. Club Champion is owned by Levine Leichtman Capital Partners (private equity), which could shift strategy.

Equipment

Critical

Newton relies on specialized shaft manufacturing equipment at its single St. Joseph, MO facility. Any production interruption (as experienced in early 2026 per GolfWRX forums) directly impacts revenue. The company has 200,000 shaft annual capacity at current facility.

Foundry

High

Single-source dependency on Toray carbon fiber for shaft production. The 10-K states: 'If we are unable to acquire raw materials such as carbon fiber, it may take significant time to educate an alternate supplier.'

Other

Critical

Going-concern warning issued by auditors (March 2026). Serial equity raises create dilution risk. Q1 2026 net sales declined to $991K from $1.21M year-over-year, raising questions about growth sustainability.

Revenue mix

How the target's revenue mix translates into supply-chain leverage and dependency.

Golf Shafts (Newton Motion / Fast Motion)

89.0%

Primary revenue driver; drives demand for carbon fiber prepreg (Toray), coatings/paints/inks, and shaft manufacturing labor at St. Joseph, MO facility. High gross margins (~67%) support investment in upstream raw material sourcing.

Putters (Newton Gravity / Sacks Parente legacy)

11.0%

Requires premium-grade alloys (carbon steel, aluminum, tungsten, magnesium, titanium) sourced from US suppliers. Putters manufactured in Camarillo, CA. Smaller but margin-accretive segment.

Grips & Accessories / Apparel

Emerging segment; expanding into golf apparel and accessories. Lower material complexity, likely sourced through contract manufacturers.

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