Financial Snapshot

Revenue
$1.375M
TTM
Gross Margin
45.14%
TTM
Net Earnings
-$5.384M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
686.62%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$3.627M
Q2 2024
Cash
Q2 2024
P/E
-0.8431
Sep 17, 2024 EST
Free Cash Flow
-$7.559M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $349.0K $190.0K $200.0M $182.0M
YoY Change 83.68% -99.91% 9.89%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $349.0K $190.0K $200.0M $182.0M
Cost Of Revenue $227.0K $110.0K $116.0M $41.00M
Gross Profit $122.0K $80.00K $84.00M $141.0M
Gross Profit Margin 34.96% 42.11% 42.0% 77.47%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $4.497M $2.860M $359.0M $601.0M
YoY Change 57.24% -99.2% -40.27%
% of Gross Profit 3686.07% 3575.0% 427.38% 426.24%
Research & Development $258.0K $70.00K $19.00M $13.00M
YoY Change 268.57% -99.63% 46.15%
% of Gross Profit 211.48% 87.5% 22.62% 9.22%
Depreciation & Amortization $32.00K $10.00K
YoY Change 220.0%
% of Gross Profit 26.23% 12.5%
Operating Expenses $4.755M $2.950M $378.0M $614.0M
YoY Change 61.19% -99.22% -38.44%
Operating Profit -$4.633M -$2.870M -$294.0M -$473.0M
YoY Change 61.43% -99.02% -37.84%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $8.000K -$60.00K -$8.000M -$6.000M
YoY Change -113.33% -99.25% 33.33%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$4.625M -$3.510M -$302.0M -$479.0M
YoY Change 31.77% -98.84% -36.95%
Income Tax
% Of Pretax Income
Net Earnings -$4.625M -$3.505M -$302.0M -$479.0M
YoY Change 31.95% -98.84% -36.95%
Net Earnings / Revenue -1325.21% -1844.74% -151.0% -263.19%
Basic Earnings Per Share -$0.38 -$0.34
Diluted Earnings Per Share -$0.38 -$0.24 -$15.43 -$24.47

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $5.338M $150.0K $184.0M $100.0M
YoY Change 3458.67% -99.92% 84.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $196.0K $40.00K $20.00M $4.000M
YoY Change 390.0% -99.8% 400.0%
Inventory $248.0K $140.0K $44.00M $92.00M
Prepaid Expenses
Receivables $53.00K $0.00 $11.00M $1.000M
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $5.835M $330.0K $259.0M $197.0M
YoY Change 1668.18% -99.87% 31.47%
Property, Plant & Equipment $444.0K $140.0K
YoY Change 217.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $115.0K $240.0K $4.000M $4.000M
YoY Change -52.08% -94.0% 0.0%
Total Long-Term Assets $559.0K $380.0K $4.000M $4.000M
YoY Change 47.11% -90.5% 0.0%
Total Assets $6.394M $710.0K $263.0M $201.0M
YoY Change
Accounts Payable $401.0K $100.0K $6.000M $45.00M
YoY Change 301.0% -98.33% -86.67%
Accrued Expenses $31.00K $1.110M $480.0M $360.0M
YoY Change -97.21% -99.77% 33.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $920.0K $308.0M $303.0M
YoY Change -100.0% -99.7% 1.65%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $475.0K $2.170M $800.0M $711.0M
YoY Change -78.11% -99.73% 12.52%
Long-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $129.0K $10.00K $900.0M $650.0M
YoY Change 1190.0% -100.0% 38.46%
Total Long-Term Liabilities $129.0K $10.00K $900.0M $650.0M
YoY Change 1190.0% -100.0% 38.46%
Total Liabilities $604.0K $2.170M $1.700B $1.361B
YoY Change -72.17% -99.87% 24.91%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 12.24M shares 10.43M shares
Diluted Shares Outstanding 12.24M shares 10.43M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $4.5393 Million

About Sacks Parente Golf Inc

Sacks Parente Golf, Inc. manufactures golf shafts, golf grips and other golf-related products. The company is headquartered in Camarillo, California and currently employs 18 full-time employees. The company went IPO on 2023-08-15. The company designs its golf products to fit golfers of all skill levels, amateur and professional. Its segments include golf putting instruments, golf shafts, and golf-related products. Its product portfolio consists of SPG Putters and Newton Shafts. The SPG putter products include golf putters, shafts and grips sold under its SPG brand and are made of steel, aluminum, titanium alloys, carbon fiber, tungsten, its magnesium face plate technologies, and various other materials. The Newton Motion driver shaft is a carbon fiber shaft designed to enhance a golfer's performance by promoting straighter and longer shots with reduced effort. The Newton Motion shaft uses a DOT system ranging from one to six dots. When in motion, the shaft undergoes a color transformation from green to purple and other shades in between.

Industry: Sporting & Athletic Goods, NEC Peers: American Outdoor Brands Inc Ammo Inc BOWFLEX INC. Escalade Inc Hasbro Inc Interactive Strength, Inc. JAKKS Pacific Inc Twin Vee PowerCats Co