Sacks Parente Golf, Inc. is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. In consideration of its growth opportunities in shaft technologies, in April of 2022, the Company expanded its manufacturing business to include advanced premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the Company’s intent to manufacture and assemble substantially all products in the United States. The Company anticipates expansion into golf apparel and other golf-related product lines to enhance its growth. The Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product lines that are complementary to its premium brand.
Company profile
Ticker
SPGC
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
824938288
SPGC stock data
Latest filings (excl ownership)
PRE 14C
Preliminary information
17 Jun 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
5 Jun 24
8-K
Newton Golf Shafts Helps Propel Doug Barron to His First Major Championship on the PGA TOUR Champions
14 May 24
8-K
Departure of Directors or Certain Officers
10 May 24
8-K
Regulation FD Disclosure
30 Apr 24
10-Q
2024 Q1
Quarterly report
30 Apr 24
8-K
Sacks Parente Golf, Inc. Reports First Quarter 2024 Financial Results and Provides Corporate Update
30 Apr 24
8-K
Sacks Parente Golf Expands its Newton Golf Shaft Division with the Addition of Newton Motion Fairway Woods Shafts
4 Apr 24
10-K
2023 FY
Annual report
18 Mar 24
8-K
Sacks Parente Golf, Inc. Announces Year End 2023 Financial Results and Provides Corporate Update
18 Mar 24
Latest ownership filings
4
Brett Widney Hoge
17 Jun 24
4
Brett Widney Hoge
23 May 24
4
Brett Widney Hoge
16 Oct 23
4
Brett Widney Hoge
31 Aug 23
3
Initial statement of insider ownership
17 Aug 23
3
Dorothy Lynn Pepper
17 Aug 23
3
Angelo Gregory Papadourakis
17 Aug 23
3
Michael Robert Ferris
17 Aug 23
3
Steve Handy
17 Aug 23
3
Akinobu Yorihiro
17 Aug 23
Financial summary
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | |
---|---|---|
Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.08 mm | 4.08 mm | 4.08 mm | 4.08 mm | 4.08 mm | 4.08 mm |
Cash burn (monthly) | 418.33 k | (no burn) | 418.33 k | 415.92 k | 383.67 k | 95.92 k |
Cash used (since last report) | 1.09 mm | n/a | 1.09 mm | 1.08 mm | 997.38 k | 249.35 k |
Cash remaining | 3.00 mm | n/a | 3.00 mm | 3.00 mm | 3.09 mm | 3.83 mm |
Runway (months of cash) | 7.2 | n/a | 7.2 | 7.2 | 8.0 | 40.0 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Jun 24 | Brett Widney Hoge | Common Stock | Buy | Acquire P | No | No | 0.49 | 27,983 | 13.71 k | 325,980 |
13 Jun 24 | Brett Widney Hoge | Common Stock | Buy | Acquire P | No | No | 0.5 | 2,850 | 1.43 k | 297,997 |
23 May 24 | Brett Widney Hoge | Common Stock | Buy | Acquire P | No | No | 0.5 | 6,062 | 3.03 k | 295,147 |
22 May 24 | Brett Widney Hoge | Common Stock | Buy | Acquire P | No | No | 0.4984 | 33,685 | 16.79 k | 289,085 |
16 Oct 23 | Brett Widney Hoge | Common Stock | Buy | Acquire P | No | No | 1.09 | 7,620 | 8.31 k | 255,400 |
13 Oct 23 | Brett Widney Hoge | Common Stock | Buy | Acquire P | No | No | 1.09 | 22,380 | 24.39 k | 247,780 |
31 Aug 23 | Brett Widney Hoge | Common Stock | Buy | Acquire P | No | No | 2.42 | 30,000 | 72.60 k | 225,400 |
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Press releases
Newton Golf Shafts Introduces a Weekly Motion Driver Performance Pool Program for PGA TOUR Champions Players
30 May 24
Newton Golf Shafts Helps Propel Doug Barron to His First Major Championship on the PGA TOUR Champions
14 May 24
Sacks Parente Golf to Present at the Planet MicroCap Showcase: Vegas 2024
23 Apr 24
Sacks Parente Golf Expands its Newton Golf Shaft Division with the Addition of Newton Motion Fairway Woods Shafts
4 Apr 24
Sacks Parente Golf Introduces Unique Incentive Program for Golf Professionals, Custom Club Fitters, and Golf Instructors – Updated
26 Mar 24