Core Viewpoint - TruGolf Holdings, Inc. anticipates strong revenue growth in the second half of 2024, driven by its franchising business and new product market adoption [1][2]. Financial Outlook - Total sales are projected to increase by 8%-12% by the end of 2024 compared to 2023 levels [2]. - EBITDA for the second half of 2024 is expected to exceed $500,000, indicating a return to profitability [2]. Business Developments - The launch of the TruGolf Links franchise concept has been well received, contributing to positive market interest and growth expectations [2]. - Recent hardware and software products have gained broad market acceptance, reinforcing TruGolf's position as a leading provider of golf simulator equipment [2]. Company Background - TruGolf has been innovating in the golf industry since 1983, focusing on making golf more accessible through technology [4]. - The company has developed award-winning video games and innovative hardware solutions, including an e-sports platform to connect golfers globally [4].
TruGolf Announces Guidance for Second Half 2024