Golf Speedline
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Adams Golf, Inc. (NASDAQ: ADGF) $28M(MarketCap)
Adams Golf focuses on developing high-performance and technologically innovative golf products. On May 11, the company released its first quarter 2010 results. It reported a 5% decrease in net sales compared to the 3 months ended March 31, 2009, but had an overall higher net profit ($1.7 million) than the previous year ($0.4million). The company had open orders totaling $18.1 million at the end of the quarter as compared to open orders of $5.3 million at the same point in 2009. Chip Brewer, CEO and President of Adams Golf, commented that "we believe this increase in open orders is primarily a result of more forward looking planning by select retailers as well as delays in product availability from various vendors. We expect the product availability delays to be resolved during the current quarter."
The company has experienced significant growth in U.S. market shares. They have been energized with the market response to their current product offerings. One of its newest products, the Speedline Fast 10 drivers, has reduced drag by 10% throughout the swing for a faster club head speed that generates more distance (an additional 15 yeards of carry distance) than previous driver models. According to Golf Datatech LLC, their U.S. iron dollar share was 11.96%, up 21% year over year for the first quarter of 2010. The wood dollar share was 6.53%, up 11% year over year. Furthermore, in March 2010, the Idea A7OS iron set was the #1 selling model of irons in the U.S. Through increased tour exposure, Adams has continued to strengthen its brand and sustained its position as the #1 hybrid on the PGA, Nationwide and Champions tours. Brewer comments that "we are encouraged with the progress we have made in both the product and brad side of the business as well as the improved financial results."
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Adams Golf Speedline Driver Review
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Adams Speedline Fast 11 Driver $149.99 Adams Speedline Fast 11 Driver Adams Golf pioneered the Aerodynamic driver with the original Speedline. Naturally, the next generations of Speedline, you would expect to be faster. While many others have followed with their own aerodynamic designs, Adams Golf engineers went a step further. By adding revolutionary Velocity Slots to the crown and sole, the Speedline Fast 11 Driver is now 35% more aerodynamic because the airflow stays attached through the entire swing without causing drag and turbulence. The faster clubhead speed you will gain from this aerodynamic design means you will get more than six yards of added carry distance. Its faster, its more forgiving and its easy-to-hit. Additional Features: Right and left hand models available Shaft Options: Matrix Ozik Xcon and Aldila Voodoo VS |
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Adams Speedline Fast10 Driver $129.97 Adams Speedline Fast10 Driver NOTE: All shaft options for this club are 60 grams, not 70 as listed in the shaft dropdown menu The fastest driver in golf. Get more speed and distance with third generation aerodynamic technology. The Adams Speedline Fast10 Driver was developed with our patent pending, aerodynamic shaping and uses the most advanced science available to golf club designers today, including FEA simulation, CFD analysis and actual wind tunnel testing. So bomb away on every drive because all that technology delivers faster club head speed and more distance. How much more? Youll get up to 15 yards more distance than the leading drivers on the market today. Features: Builds on the refined aerodynamics principals that has been a staple of Adams Golf for years Provides 10% less drag compared to previous models, through dramatically increased toe and heel curvature, and 10% more forgiveness compared to previous models through increased MOI and Face Area, creating an expanded sweet spot Increased swing speed creates increased ball speed which results in additional distance on drives which is something most non-professional players are looking for in their game Increased forgiveness means youre more likely to land in the short grass on off-center hits Wind-tunnel tested to ensure outstanding aerodynamics for players looking for a little more off the tee Comes in both standard and draw configurations |
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Adams Lady Speedline Fast 11 Driver $149.99 Adams Lady Speedline Fast 11 Driver Adams Golf pioneered the Aerodynamic driver with the original Speedline. Naturally, the next generations of Speedline, you would expect to be faster. While many others have followed with their own aerodynamic designs, Adams Golf engineers went a step further. By adding revolutionary Velocity Slots to the crown and sole, the Lady Speedline Fast 11 Driver is now 35% more aerodynamic because the airflow stays attached through the entire swing without causing drag and turbulence. The faster clubhead speed you will gain from this aerodynamic design means you will get more than six yards of added carry distance. Its faster, its more forgiving and its easy-to-hit. Additional Features: Right and left hand models available Shaft: Grafalloy Speedline 45 gram |
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Adams Speedline Fast 11 Draw Driver $149.99 Adams Speedline Fast 11 Draw Driver Adams Golf pioneered the Aerodynamic driver with the original Speedline. Naturally, the next generations of Speedline, you would expect to be faster. While many others have followed with their own aerodynamic designs, Adams Golf engineers went a step further. By adding revolutionary Velocity Slots to the crown and sole, the Speedline Fast 11 Draw Driver is now 35% more aerodynamic because the airflow stays attached through the entire swing without causing drag and turbulence. The faster clubhead speed you will gain from this aerodynamic design means you will get more than six yards of added carry distance. Its faster, its more forgiving and its easy-to-hit. Additional Features: Right and left hand models available Shaft: Aldila Voodoo VS |
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Adams Speedline Fast 11 Ti Fairway Wood $149.99 Adams Speedline Fast 11 Ti Fairway Wood The Speedline Fast 11 Ti Fairway Wood is the longest and most forgiving fairway wood ever from Adams Golf. The breakthrough Velocity Slot Technology improves both center-hit distance and forgiveness across the face. This patent-pending technology allows COR (coefficient of restitution or spring-like effect) advances on fairway woods similar to those that have become the performance standard on drivers. The result is a dramatically easy-to-hit fairway wood with increased ball speeds on center hits. Additional Features: Right and left hand available Shaft: Grafalloy Speedline 45 gram |
