Sacks Parente Golf, Inc. Reports Third Quarter 2023 Financial Results and Provides Corporate Update
Camarillo, CA., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Sacks Parente Golf, Inc. (NASDAQ:SPGC), (the “Company” or “Sacks Parente”), a technology-forward golf company with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related accessories, reports financial results for its fiscal third quarter ended September 30, 2023 and provides a business update.
- Camarillo, CA., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Sacks Parente Golf, Inc. (NASDAQ:SPGC), (the “Company” or “Sacks Parente”), a technology-forward golf company with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related accessories, reports financial results for its fiscal third quarter ended September 30, 2023 and provides a business update.
- Completed Initial Public Offering (IPO) transaction in mid-August 2023 that raised $11.6 million in proceeds, net of underwriting fees
Timothy Triplett, Sacks Parente Golf’s Chief Executive Officer, commented, “With the proceeds from our recent IPO, we have continued to build out our Missouri manufacturing facility in preparation for increased production of both our Sacks Parente putters and our soon-to-be-launched new line of Newton carbon fiber shafts. - From the first tee shot to the final putt, we are convinced golfers of all ages and skill levels should be able to benefit from our advanced product lines.
- “Revenue in the third quarter increased 98% year-over-year and was positively impacted by increased shipments of our Sacks Parente line of putters to our distributor in Korea.