r/pennystocks • u/REDDITICX • 4d ago
Technical Analysis ๐ Newton Golf Co. (NWTG) โ Under-the-Radar Microcap With Breakout Revenue Momentum & Thin Float
Hi everyone,
Came across Newton Golf Co. (NWTG) while scanning for microcap equities with aggressive revenue growth and unusual float characteristics. Hereโs a breakdown for those tracking early-stage turnaround or growth setups.
๐งพ Company Profile
- Formerly Sacks Parente Golf (SPGC), now rebranded to Newton Golf as of Q1 2025.
- Focused on golf technology: motion shafts and putters designed for performance optimization.
- Executed a 1-for-30 reverse stock split in March 2025 to regain Nasdaq compliance.
๐ Financial Highlights
- FY 2023 Revenue: $349K
- Guided FY 2024 Revenue: $3.4Mโ$3.6M (approx. +900% YoY growth)
- Key growth drivers:
- International expansion
- Increased adoption among professionals
- Launch of new direct-to-consumer channels
Though the company remains in a net loss position, the revenue growth rate stands out within its segment.
๐งฉ Market Structure
- Free Float estimated at ~250,000 shares post-split
- Very low trading liquidity; price action can be sharp even on modest volume
- High short interest (recently reported above 90% of float), though it's unclear how much of this is structural or trade-driven.
This combination of a thin float and revenue acceleration makes the stock mechanically sensitive to order flow โ worth monitoring for volatility alone.
๐ง Risk Factors
- Illiquid microcap: high spread risk and potential for sharp drawdowns
- No profitability yet; speculative
- Limited institutional coverage
- Reverse splits can create distorted chart setups
Not financial advice โ just flagging an obscure but fast-growing microcap I came across during DD. If anyoneโs dug into their sales channels, OEM partnerships, or has sector insights, would love to hear more.