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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Newton Golf Company, Inc. (NWTG). Click either name above to swap in a different company.

Alpha Cognition Inc. is the larger business by last-quarter revenue ($2.8M vs $2.3M, roughly 1.2× Newton Golf Company, Inc.). Newton Golf Company, Inc. runs the higher net margin — -105.3% vs -245.5%, a 140.2% gap on every dollar of revenue. Newton Golf Company, Inc. produced more free cash flow last quarter ($-1.1M vs $-7.1M).

Bridgestone Golf, Inc. is a sports equipment company based in Covington, Georgia, United States. The company is a subsidiary of Bridgestone. It designs and manufactures a full range of golf equipment including balls, clubs, and accessories utilizing both the Bridgestone and Precept brand names.

ACOG vs NWTG — Head-to-Head

Bigger by revenue
ACOG
ACOG
1.2× larger
ACOG
$2.8M
$2.3M
NWTG
Higher net margin
NWTG
NWTG
140.2% more per $
NWTG
-105.3%
-245.5%
ACOG
More free cash flow
NWTG
NWTG
$5.9M more FCF
NWTG
$-1.1M
$-7.1M
ACOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACOG
ACOG
NWTG
NWTG
Revenue
$2.8M
$2.3M
Net Profit
$-6.9M
$-2.4M
Gross Margin
25.0%
Operating Margin
-283.7%
-112.8%
Net Margin
-245.5%
-105.3%
Revenue YoY
112.4%
Net Profit YoY
71.3%
EPS (diluted)
$-0.10
$-0.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACOG
ACOG
NWTG
NWTG
Q4 25
$2.8M
$2.3M
Q3 25
$2.8M
$2.6M
Q2 25
$1.7M
$2.1M
Q1 25
$2.9M
$1.2M
Q4 24
$1.1M
Q3 24
$1.2M
Q2 24
$813.0K
Q1 24
$350.0K
Net Profit
ACOG
ACOG
NWTG
NWTG
Q4 25
$-6.9M
$-2.4M
Q3 25
$-1.3M
$-1.6M
Q2 25
$-10.5M
$-1.5M
Q1 25
$-2.0M
$-525.0K
Q4 24
$-8.3M
Q3 24
$-1.1M
Q2 24
$-1.2M
Q1 24
$-1.2M
Gross Margin
ACOG
ACOG
NWTG
NWTG
Q4 25
25.0%
Q3 25
67.2%
Q2 25
96.7%
67.6%
Q1 25
99.6%
70.4%
Q4 24
72.3%
Q3 24
66.5%
Q2 24
60.1%
Q1 24
58.9%
Operating Margin
ACOG
ACOG
NWTG
NWTG
Q4 25
-283.7%
-112.8%
Q3 25
-187.0%
-58.2%
Q2 25
-346.1%
-72.9%
Q1 25
-125.9%
-162.9%
Q4 24
-133.6%
Q3 24
-90.0%
Q2 24
-147.8%
Q1 24
-358.6%
Net Margin
ACOG
ACOG
NWTG
NWTG
Q4 25
-245.5%
-105.3%
Q3 25
-46.4%
-61.2%
Q2 25
-632.7%
-73.5%
Q1 25
-68.5%
-43.4%
Q4 24
-779.1%
Q3 24
-87.5%
Q2 24
-142.1%
Q1 24
-340.9%
EPS (diluted)
ACOG
ACOG
NWTG
NWTG
Q4 25
$-0.10
$-0.40
Q3 25
$-0.30
$-0.34
Q2 25
$-0.65
$-0.34
Q1 25
$-0.13
$-0.55
Q4 24
$-131.23
Q3 24
$-21.79
Q2 24
$-0.79
Q1 24
$-24.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACOG
ACOG
NWTG
NWTG
Cash + ST InvestmentsLiquidity on hand
$66.0M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$926.0K
Total Assets
$79.7M
$3.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
NWTG
NWTG
Q4 25
$66.0M
$1.3M
Q3 25
$35.4M
$2.5M
Q2 25
$39.4M
$4.0M
Q1 25
$45.5M
$5.9M
Q4 24
$7.7M
Q3 24
$1.3M
Q2 24
$2.8M
Q1 24
$4.1M
Stockholders' Equity
ACOG
ACOG
NWTG
NWTG
Q4 25
$62.5M
$926.0K
Q3 25
$33.9M
$3.1M
Q2 25
$31.9M
$4.4M
Q1 25
$40.8M
$6.2M
Q4 24
$-5.2M
Q3 24
$2.6M
Q2 24
$3.6M
Q1 24
$4.7M
Total Assets
ACOG
ACOG
NWTG
NWTG
Q4 25
$79.7M
$3.3M
Q3 25
$46.3M
$5.3M
Q2 25
$45.1M
$6.5M
Q1 25
$48.6M
$8.2M
Q4 24
$9.8M
Q3 24
$3.4M
Q2 24
$4.2M
Q1 24
$5.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACOG
ACOG
NWTG
NWTG
Operating Cash FlowLast quarter
$-6.9M
$-1.1M
Free Cash FlowOCF − Capex
$-7.1M
$-1.1M
FCF MarginFCF / Revenue
-252.6%
-50.5%
Capex IntensityCapex / Revenue
5.3%
3.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-20.7M
$-5.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACOG
ACOG
NWTG
NWTG
Q4 25
$-6.9M
$-1.1M
Q3 25
$-5.3M
$-1.3M
Q2 25
$-6.1M
$-1.2M
Q1 25
$-2.0M
$-1.6M
Q4 24
$-1.5M
Q3 24
$-1.1M
Q2 24
$-1.2M
Q1 24
$-1.2M
Free Cash Flow
ACOG
ACOG
NWTG
NWTG
Q4 25
$-7.1M
$-1.1M
Q3 25
$-5.4M
$-1.4M
Q2 25
$-6.1M
$-1.4M
Q1 25
$-2.1M
$-1.7M
Q4 24
$-1.5M
Q3 24
$-1.4M
Q2 24
$-1.3M
Q1 24
$-1.2M
FCF Margin
ACOG
ACOG
NWTG
NWTG
Q4 25
-252.6%
-50.5%
Q3 25
-188.8%
-54.9%
Q2 25
-370.9%
-66.4%
Q1 25
-72.0%
-140.1%
Q4 24
-143.5%
Q3 24
-112.7%
Q2 24
-159.3%
Q1 24
-352.6%
Capex Intensity
ACOG
ACOG
NWTG
NWTG
Q4 25
5.3%
3.7%
Q3 25
2.6%
3.6%
Q2 25
0.5%
7.7%
Q1 25
2.2%
10.8%
Q4 24
3.6%
Q3 24
22.7%
Q2 24
12.9%
Q1 24
23.7%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACOG
ACOG

Segment breakdown not available.

NWTG
NWTG

Online Sales$2.1M93%
Other$151.0K7%

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