Newton Golf Sales Drop on Manufacturing Reset
Net loss at the golf shaft and club maker expanded 50% to $2,278,000 from $1,520,000 for the second quarter as net sales tumbled 36% to $1,316,000 from $2,068,000 due to limited manufacturing capacity. NWTG has been transitioning its facilities to make new versions of the Fast Motion driver shaft and Motion driver and fairway shafts. Direct-to-consumer deposits and open wholesale orders tallied $0.5 million ... Log in to view full article.
