Newton Golf Company, Inc.

Good afternoon. Thank you for joining us today to discuss Newton Golf Company's first quarter of 2026 operating and financial results. Thank you. Before we begin today's call, I would like to provide the company's safe harbor statement that includes caution regarding forward-looking statements made during today's call. The information that we have provided in this conference call includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the company's ability to support working capital needs, operational scaling initiatives, and future growth opportunities, future revenue, future plans, objectives, expectations, and events, assumptions, and estimates. Any forward-looking statements made during this conference call are not guarantees of future performance and involve certain risks, uncertainties, and assumptions which are difficult to predict. and actual outcomes and results may differ materially. For more information about risks and uncertainties associated with the company's business, please refer to the Risk Factors section of the company's SEC filings, including its annual report on the Form 10-K and subsequent quarterly reports on Form 10-Q. The company expressively disclaims any obligations or undertaken to update or revise any forward-looking statements. Hosting the call today is Newton's Golf Interim Chief Executive Officer and Chief Technology Officer Hashi Yorihiro and the company's Chief Financial Officer and Chief Operating Officer Jeff Claiborne. Following their remarks, we will open the call to your questions. At any time during the call, you may join the Q&A queue by pressing star 1 on your keypad. I'd like to remind everyone that today's call is being recorded and it will be made available for telecom replay. Please see the instructions in today's press release that has been posted to the investor relations section of the company's website. Now, I'd like to turn the call over to Newton's Call's Interim CEO, Aki Yorihiro.

Sir, please go ahead.

Good afternoon, everyone, and thank you for joining us. We believe Newton Golf remains in the early stages of scaling the Newton Motion Shaft platform across additional product categories, professional fitting channels, retail relationships, and international distribution opportunities. Following record net sales growth of 136% in 2025, we continued executing strategic initiatives during the first quarter intended to support long-term growth production scalability, and broader market adoption. These initiatives included investments intended to support future production capacity and manufacturing efficiency as demand for the Mutant Motion platform continues to expand. While these initiatives temporarily impacted shipment timing and near-term financial performance during the quarter, demand for Mutant Golf products remained strong throughout the period. As of quarter end, delayed shipments represented approximately $1.2 million of customer deposits and open sales orders that we expect to convert into revenue as fulfillment activities continue improving during the current quarter. During the quarter, we continued expanding our domestic and international distribution channels. We strengthened our international presence through an exclusive voice county distribution agreement in South Korea. one of the world's leading premium golf equipment markets. We also secured a $136,000 opening order under the partnership, which exceeded the minimum order requirement, and we expect to recognize that revenue in the second quarter of 2026. We also expanded our professional club fitter network to approximately 235 accounts, an increase of 99% from the first quarter of 2025. continuing to strengthen our presence within the premium fitting market and broaden golfer access to the Mutant Motion platform. At the 2026 PGA show, we introduced the fast motion fairway wood shaft and hybrid shafts, which are expected to launch commercially in the third quarter of 2026. These product introductions extend the Mutant Motion platform and the dot fitting system across additional club categories and support a more integrated multi-club fitting approach. Because golfers typically carry a driver, multiple fairway woods, and multiple hybrid clubs, we believe this platform strategy creates the opportunity for multiple Newton shaft placements within a single golf bag rather than a single driver replacement. Over time, we believe this may support increased average revenue opportunities per golfer and per fitting transaction as adoption of the Mutant Motion Platform continues to expand. With that, I'll turn the call over to Jeff to review our financial results.