TRUG
TruGolf Holdings, Inc.0.9100
-0.0300-3.19%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.35MP/E (TTM)
-Basic EPS (TTM)
-37.36Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
TruGolf's Q3 revenue fell 34% y/y to $4.1M (derived), yet gross profit held at 69.3% margin while golf simulators dropped to $2.6M from $4.9M; subscriptions slid to $721K. Operating loss widened to $1.1M from prior profit, driven by SG&A surge to $3.3M on consulting and amortization. Net loss ballooned to $7.3M ($4.87/share) versus $60K, fueled by $6.1M debt extinguishment while interest eased; anti-dilutive securities excluded from EPS. Cash climbed to $11.4M with $13.5M including restricted, working capital at $4.2M surplus post-PIPE conversions; no FCF as capex hit $2.4M. Nasdaq compliance holds under one-year monitor. Preferred resets risk dilution.
10-Q
Q2 FY2025 results
TruGolf Holdings posted solid revenue growth in Q2 FY2025 ended June 30, 2025, with net revenue up 11% y/y to $4.3M from $3.9M, driven by stronger golf simulator sales at $3.2M (73% of total), yet gross profit dipped to $1.9M as cost of revenue surged 85% y/y on inventory adjustments and TruTrack product costs. Operating loss widened to $1.9M from $0.8M, while net loss ballooned to $3.3M versus $1.6M, the gap fueled by higher interest expense on PIPE notes. Cash stood at $8.1M with $2.1M restricted, offset by $3.7M current PIPE debt and a $0.8M bank line; free cash flow not disclosed in the 10-Q. PIPE notes converted to Series A preferred post-quarter. Nasdaq compliance hangs by a thread under monitoring.
8-K
TruGolf regains Nasdaq compliance
TruGolf Holdings regained Nasdaq compliance on August 1, 2025, meeting the minimum shareholders' equity and market value of publicly held shares requirements after a prior delisting notice. The company, already compliant with the $1.00 bid price since July 17, 2025, shifted to the Nasdaq Capital Market on June 3. Compliance secured. Yet a one-year mandatory monitor looms, barring compliance plans if equity slips again.
8-K
TruGolf regains Nasdaq compliance
TruGolf Holdings regained Nasdaq Capital Market compliance on July 17, 2025, by sustaining a $1.00 bid price while addressing equity shortfalls through key conversions. Holders of $3.9 million in affiliate notes swapped into 165,663 Class B and 84.662 Class A shares at $15.602 each; $3.9 million convertible notes became 3,938 Series A preferred shares; and a $5.0 million warrant exercise yielded 5,555 preferred shares. Equity now exceeds the $2.5 million threshold. Compliance holds—for now.
8-K
TruGolf completes note exchange
TruGolf Holdings completed the exchange of $3.9 million in outstanding PIPE convertible notes into 3,938.311 shares of Series A Preferred Stock on July 21, 2025, while extending the expiration of related Preferred Warrants by two years. A holder exercised warrants for 5,555 shares, injecting approximately $5.0 million in cash proceeds. This restructuring simplifies the company's capital stack but ties warrant exercises to avoiding a $10 million equity raise within three months.
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