SEC Form 10-K filed by TruGolf Holdings Inc.
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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 convertible notes in the period. EPS for 2025's first quarter was ($0.09), an improvement from 2024's ($0.22) loss per share. Chief Executive Officer and Director Chris Jones said, "2
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 exchanged for a combination of newly created Series A Preferred Stock and warrants to purchase additional Series A Preferred Stock, which, if fully exercised in the sole discretion of the inve
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 14.5% to ($8.8) million for 2024, versus a net loss of ($10.3) million in 2023. Notably, 42% of the net loss for 2024 was due to non-cash expenses. EPS for the full year was ($0.76), a sign
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 convertible notes in the period. EPS for 2025's first quarter was ($0.09), an improvement from 2024's ($0.22) loss per share. Chief Executive Officer and Director Chris Jones said, "2
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 physical therapy and rehabilitation, Gio has built a reputation as a visionary in the wellness space. His private practice, founded 17 years ago, has grown from a single location to 20 high-performing outpatient clinics on Long Island and in Queens. Known for his deep connections within the orthopedic and chiropractic communities, Gio brings a trusted voice and proven lead
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 exchanged for a combination of newly created Series A Preferred Stock and warrants to purchase additional Series A Preferred Stock, which, if fully exercised in the sole discretion of the inve
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10-Q - TruGolf Holdings, Inc. (0001857086) (Filer)
8-K - TruGolf Holdings, Inc. (0001857086) (Filer)
Salt Lake City, Utah, Dec. 20, 2024 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG), a leading golf technology company, is excited to announce it has entered into a letter of intent to create a strategic collaboration with D3 Sports Tech, a pioneer in peer-to-peer skills-based wagering for sports. This collaboration will focus on innovations to enhance gameplay with more realistic and exciting experiences. By leveraging D3 Sports Tech's expertise in skills-based wagering and compliance, TruGolf intends to create more gamified experiences throughout its ecosystem for golf and multisport arcade games and franchises. The collaboration partnership will also elevate TruGolf's advanced
SALT LAKE CITY, May 14, 2024 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ:TRUG) ("TruGolf"), among the leading sellers and distributors of golf simulator software and hardware, is today announcing the appointment of Doug Bybee as Chief Revenue Officer. "With more than 30 years of experience in driving business strategy for golf equipment, technology and distribution, Doug brings a wealth of industry knowledge that will be extremely valuable as the off-course golf game continues its tremendous growth," said Chris Jones, CEO of TruGolf. "Doug is the perfect fit for TruGolf as we continue expanding our offerings and elevating the immersive golf experience. We are delighted to welcome h
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