Sacks Parente Golf reports Q1 EPS (8c) vs (8c) last year

Reports Q1 revenue $350,000 vs 90,000 last year. “Our marketing efforts — especially through paid social advertising — over the last six months for both our premium line of putters and our advanced Newton Motion replacement shafts are helping to build brand awareness and accelerate our revenue growth,” commented Greg Campbell, Sacks Parente’s Executive Chairman. “The launch of the Newton Motion Driver shaft in November has been met with very positive early adoption, including from some professionals, which gives us confidence that the recent launch of the Newton Motion Fairway Wood shaft will be met with similar success. Much of the revenue growth in the first quarter was tied to traction from the Newton Motion Driver shaft introduction, allowing us to deliver higher revenue than we did in all of 2023. We expect this momentum to continue, as April will be a record revenue month for us and we see second quarter revenue doubling that from the first quarter. We are entering the seasonally stronger golf season throughout the U.S., and along with our continued traction in key international markets, we look forward to continued brand building and revenue growth.”