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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Core Concept - TruGolf and Digital Legends have partnered to create an advanced golf simulator that allows players to compete against legendary golfer Ben Hogan in a highly realistic digital environment [2][3][4]. Group 1: Technology and Experience - The simulator utilizes TruGolf's E6 Apex platform and cutting-edge AI to accurately recreate golf legends, providing an immersive experience for users [3][4]. - The technology aims to erase the barriers of time, allowing golfers to learn from both historical and contemporary legends [4][5]. Group 2: Market Position and Future Plans - TruGolf is recognized as a leader in golf technology, focusing on innovative AI applications and gamified improvement plans [6]. - Digital Legends is expanding its intellectual property portfolio, aiming to integrate various legendary figures into modern entertainment and sports experiences [7][8]. - The public debut of this technology is scheduled for Augusta, with a full release planned for fall 2025 [4].

Core Insights - TruGolf Links Franchising, LLC is expanding its franchise model by signing a regional development deal with John Young to open 40 new golf simulator centers across Tennessee [1][4] - The company aims to create a modern, inclusive, and community-driven golf experience for players of all skill levels, starting with a flagship location in Knoxville [1][3] - TruGolf has a comprehensive franchise program that includes both individual and regional developer opportunities, featuring state-of-the-art technology and facilities [4][7] Company Overview - TruGolf, Inc. has been a key player in the golf industry since 1983, focusing on innovative indoor golf solutions and technology to make golf more accessible [6] - The company’s mission is to grow the game of golf by making it more available, approachable, and affordable through technology [6] - TruGolf has developed award-winning video games and innovative hardware solutions, including an e-sports platform to connect golfers globally [6] Franchise Model - The franchise program allows for individual franchises and emphasizes regional developers who can manage territories with populations of 1 million or more [7] - Regional developers are responsible for opening flagship locations and developing additional units, receiving compensation for attracting franchisees and providing local support [7] - Each facility will feature advanced simulator bays, dining areas, and pro shops, with flagship locations designed to be 5,000 square feet or more [4]

Core Insights - TruGolf Holdings, Inc. has engaged Eventus Advisory Group for financial services advisory and CFO support to enhance its financial operations and strategic priorities [1][2] - Eventus has over 17 years of experience with micro- and small-cap companies, specializing in financial operations, technical accounting, and SEC compliance [2][6] - TruGolf is working to regain compliance with Nasdaq listing requirements by improving its balance sheet and reducing outstanding liabilities by the March 31, 2025 deadline [3] Company Overview - TruGolf is a leading golf technology company focused on making golf easier through innovative AI applications, enhanced image analysis, and gamified improvement plans [5] - The company has a strong history of delivering innovative golf simulation solutions and is recognized as a leader in the golf technology space [3] Eventus Overview - Eventus is a CFO advisory firm that supports public and private companies with services including accounting, financial operations, regulatory compliance, and corporate governance [6] - The firm aims to help businesses navigate complex financial landscapes, allowing clients to focus on sustainable growth [6]

Core Insights - TruGolf Links is introducing a patented hybrid golf simulator that integrates simulation technology with physical golf courses, enhancing the golfing experience and making it more accessible [1][2] - Nexus Golf has made a strategic investment of $2 million in TruGolf Links to strengthen their partnership and support the development of this innovative technology [3][4] - The hybrid golf simulator is expected to create new revenue streams for golf course operators and franchise partners, allowing for night golf and expanding operational hours [2][5] Company Overview - TruGolf Links is a fast-growing franchise subsidiary of TruGolf Holdings, focusing on redefining golf entertainment through technology [4] - Nexus Golf is dedicated to advancing the future of golf, aiming to make the game more enjoyable for consumers and profitable for business owners [6] Investment Details - Nexus Golf's investment of $2 million is aimed at accelerating TruGolf Links' expansion and enhancing its franchise model [3][4] - The first hybrid franchise location is anticipated to be operational by the end of 2025, indicating a rapid rollout of this new technology [5] Market Impact - The hybrid golf simulator addresses various challenges in traditional golf, such as time consumption, maintenance costs, and accessibility, thereby appealing to a broader audience [5] - Regional developers will play a crucial role in expanding the franchise, targeting territories with populations of 1 million or more [7][8]