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TruGolf Reports First Quarter 2025 Financial Results Q1 2025 Sales Grow 7.5% Over Q1 2024
GlobeNewswire News Room· 2025-05-16 09:21
Salt Lake City, Utah, May 15, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading provider of golf simulator software and hardware, announced today its first quarter 2025 results.  The Company reported sales of $5.4 million, up 7.5% compared to 2024 first quarter sales of $5.0 million. Net losses doubled to ($2.6) million for 2025’s first quarter, versus a net loss of ($1.3) million in the 2024 period, driven largely by recognition of interest expenses associated with the conversion of ...
TruGolf(TRUG) - 2025 Q1 - Quarterly Report
2025-05-16 04:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________ to __________________________ Commission file number: 001-40970 TRUGOLF HOLDINGS, INC. (Exact name of registrant as specified in its c ...
TruGolf Links Signs Newest Franchisee to Begin Developing on Long Island
GlobeNewswire· 2025-05-14 20:45
Iconic Golf Simulator Company Now Franchising Grants Seasoned Healthcare Entrepreneur Opportunity to Develop Long Island Dr. Ben Litaien CFE, Chief Development Officer at TruGolf Links LONG ISLAND, NY, May 14, 2025 (GLOBE NEWSWIRE) -- TruGolf Links Franchising, LLC (“TruGolf”), wholly owned by TruGolf Holdings, Inc. (Nasdaq: TRUG), the leading provider of golf simulator software and hardware, announced today the signing of its newest franchisee, Giovanni “Gio” Dinsay. With over 27 years of experience in ...
TruGolf Improves Balance Sheet with Agreement to Eliminate All Convertible Notes
Newsfilter· 2025-04-24 19:30
All Convertible Notes & Majority of Related Party Notes to be Converted to Equity Salt Lake City, Utah, April 24, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), a leading provider of golf simulator software and hardware, announced today that it has entered into agreements with its existing noteholders to exchange all its outstanding convertible notes into a newly created Series A Preferred Stock. In addition, the common stock warrants previously issued with the convertible notes were exchang ...
TruGolf Reports 2024 Financial Results
GlobeNewswire News Room· 2025-04-22 04:27
Salt Lake City, Utah, April 21, 2025 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading provider of golf simulator software and hardware, announced today an overview of its 2024 results that were filed on Form 10-K on April 15, 2025. The Company reported record sales of $21.9 million, an increase of 6.2% percent as compared to 2023 sales. The gains were driven by continued enthusiastic market adoption of new hardware and software products launched earlier in 2024. Net losses narrowed by 14 ...
TruGolf(TRUG) - 2024 Q4 - Annual Report
2025-04-16 05:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________ to __________________________ Commission file number 001-40970 TRUGOLF HOLDINGS, INC. (Exact name of registrant as specified in its char ...
COMPETE AGAINST LEGENDS: DIGITAL LEGENDS and TRUGOLF BRING GOLF ICONS TO LIFE
GlobeNewswire· 2025-04-10 04:42
文章核心观点 TruGolf和Digital Legends合作打造终极高尔夫模拟器体验,让不同水平的高尔夫球手能与高尔夫历史传奇人物对战,技术本周在奥古斯塔公开亮相,2025年秋季全面发布 [2][3][4] 合作项目亮点 - 基于TruGolf的E6 Apex平台,用前沿AI精准重现高尔夫传奇人物,展现其标志性挥杆、战略方法和打球风格 [3] - 带来超越沉浸式的体验,如同传奇人物就在身边,消除时间障碍,让用户能向过去和现在的球星学习 [3][4] - 为高尔夫爱好者提供与巅峰传奇球员的现实挑战、与高尔夫顶级竞争者的锦标赛、AI 驱动的教练指导和革命性的赛事解说系统 [7] 合作双方公司介绍 - TruGolf是高尔夫技术公司,致力于让高尔夫运动更简单,是高尔夫技术革命的行业领导者,其硬件、软件和网络产品让高尔夫运动更易参与、提升和享受 [6] - Digital Legends是体育与娱乐技术公司,拥有专有知识产权,有多元化的数字传奇组合,能将不同领域的人物以“巅峰状态”融入当今市场,应用于多种场景 [7][8]
TruGolf Links Signs Franchise Development Deal with Tennessee Native & Entrepreneur
Prnewswire· 2025-03-06 23:37
文章核心观点 - 高尔夫模拟器公司TruGolf与John Young签署区域开发协议,计划在田纳西州开发40家TruGolf Links中心,为不同水平的高尔夫爱好者提供体验 [1] 公司动态 - TruGolf宣布与John Young签署区域开发协议,由其领导TruGolf Links在田纳西州的全州扩张,首店将位于诺克斯维尔 [1] - John Young将作为TruGolf产品全线的经销商,同时开发TruGolf Links门店 [3] 人物信息 - John Young是诺克斯维尔本地人,有会计、运营和企业发展背景,曾创立服务全国非营利组织的云会计公司 [1] - John Young热爱高尔夫,希望通过TruGolf Links为人们打造连接、竞争和创造回忆的空间 [2][3] 公司理念与目标 - TruGolf创始人兼CEO Chris Jones表示创立TruGolf Links是出于对全年高尔夫运动的热爱,要支持所有者 - 经营者和投资者,通过多种增长路径实现目标 [2] - TruGolf的使命是通过技术让高尔夫更普及、更易接近和更实惠,认为高尔夫适合所有人 [6] 项目情况 - TruGolf Links提供综合特许经营计划,包括个人和区域开发者机会 [4] - 每个设施将配备TruGolf的先进软硬件,有5个或更多模拟器球道、高档酒吧和餐饮区、球杆清洁站和专卖店 [4] - 旗舰店面积5000平方英尺以上,有独特的双尺寸球道和带体育场座位的活动区;标准设施面积3800平方英尺以上,有5个标准模拟器球道并提供餐饮服务 [4] 扩张模式 - 公司扩张重点是区域开发者,他们需收购人口100万以上的区域,开设旗舰店,再用自有或独立加盟商开发该区域 [7] - 区域开发者因吸引加盟商和为区域内门店提供支持而获得补偿 [7] 信息获取途径 - 了解TruGolf Links信息可访问www.trugolflinks.com或联系Andrew Johnson [5] - 可通过领英和脸书关注品牌社交页面 [5] - 了解TruGolf Links特许经营计划可访问www.trugolflinks.com/franchising [8]
TruGolf Engages Eventus Advisory Group, LLC to Provide Financial Services Advisory and CFO Support
GlobeNewswire· 2025-02-27 21:30
文章核心观点 TruGolf聘请Eventus提供金融服务咨询和CFO支持,以增强财务运营并实现战略目标,同时公司正努力重新符合纳斯达克上市要求 [1][3] 合作情况 - TruGolf聘请Eventus提供金融服务咨询和CFO支持,Eventus有超17年与微型和小型股公司合作经验 [1] - Eventus专长于支持快速增长公司,能助力TruGolf高效管理财务运营、技术会计和SEC合规问题,促进其与股东和监管机构透明沟通 [2] - Eventus管理合伙人表示对与TruGolf合作充满热情,TruGolf CEO对此次合作表示有信心 [3] 公司现状 - TruGolf正与董事会合作,努力在2025年3月31日前重新符合纳斯达克上市要求,包括改善资产负债表、减少未偿债务等 [3] 公司介绍 - TruGolf是高尔夫技术公司,致力于让高尔夫运动更简单,是行业技术革命领导者,其产品让高尔夫运动更易参与、提升和享受 [5] - Eventus是CFO咨询公司,为公私公司提供会计、财务运营等多方面服务,助企业应对复杂财务状况以实现可持续增长 [6]
TruGolf Links to Launch Revolutionary Hybrid Golf Concept for Franchisees
GlobeNewswire· 2025-02-24 21:30
文章核心观点 TruGolf Links推出创新混合高尔夫模拟器解决方案,Nexus Golf战略投资200万美元获少数股权,双方合作将加速品牌扩张,为行业带来变革并创造新机遇 [1][3][4] 新技术介绍 - 混合高尔夫模拟器技术经五年研发,将模拟器技术应用于实际球场,融合高尔夫虚拟与现实世界 [1] - 该技术使区域开发商能提供下一代室内外高尔夫体验,让消费者以全新方式参与运动 [2] - 混合解决方案将先进模拟技术与现实玩法结合,使高尔夫更易参与、互动性更强,适合各水平玩家 [2] - 改变高尔夫球场运营商业务模式,延长营业时间,更好利用现有设施,创造新收入来源 [2] - 可实现夜间全长高尔夫运动,突破当前夜间高尔夫局限 [2] 投资情况 - Nexus Golf投资200万美元获得TruGolf Links少数股权,已完成首笔投资 [3] - 投资源于双方通过技术重新定义高尔夫可能性的共同使命 [3] 公司发展 - TruGolf Links是TruGolf Holdings快速增长的子公司,在高尔夫娱乐发展中处于领先地位 [4] - 获Nexus Golf支持后将加速扩张,为特许经营伙伴提供独特机会,满足市场对沉浸式科技高尔夫体验的需求 [4] - 专利混合高尔夫模拟器解决方案将在TruGolf Links特许经营点推广,预计2025年底首个混合特许经营点投入运营 [5] 公司业务模式 - TruGolf Links扩张重点是与区域开发商合作,区域开发商需收购人口超100万的地区,开设旗舰店并发展更多门店 [7] - 区域开发商因吸引加盟商和提供本地支持而获得补偿 [8]