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Article Date: March 2024
Word Count: 156

Sacks Parente Golf Posts Record Sales


Net loss at the high-end putter and golf accessories startup widened to $4,625,000 for the full year ended Dec. 31, from a loss of $3,505,000 prior, as operating expenses dinged the bottom line. Sales rose 84% to $349,000 from $190,000, and have grown sequentially over the last three quarters. Gross margin was 35%, down 710 basis points from the year before, while operating expenses shot up 61%. Sacks raised ... Log in to view full article.

 


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