TruGolf Holdings ( (TRUG) ) has shared an update.
On February 18, 2025, TruGolf Holdings, Inc. announced that it has updated its 2024 guidance, expecting record sales of approximately $22.5 million and second half EBITDA exceeding $2.2 million, surpassing previous expectations. The growth was driven by the introduction of new games for its Multisport Arcade and the launch of E6 APEX Course play, alongside robust market adoption, leading to inventory shortages. The company plans to open new franchise locations in the United States in 2025 and deliver TruGolf simulators in the first half of the year.
More about TruGolf Holdings
TruGolf is a golf technology company specializing in innovative solutions to make golf easier through AI, image and spatial analysis, and gamified improvement plans, leading the technological advancement in the golf industry. The company provides a range of hardware, software, and web products aimed at enhancing golf play, improvement, and enjoyment.
YTD Price Performance: -39.13%
Average Trading Volume: 6,139,284
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.18M
Learn more about TRUG stock on TipRanks’ Stock Analysis page.