Welcome to our dedicated page for Expion360 news (Ticker: XPON), a resource for investors and traders seeking the latest updates and insights on Expion360 stock.
Expion360 Inc (XPON) specializes in advanced lithium iron phosphate (LiFePO4) batteries for recreational vehicles, marine systems, and renewable energy storage. This page serves as the definitive source for all company announcements, providing stakeholders with timely updates on operational milestones and strategic initiatives.
Investors and industry professionals will find curated press releases covering quarterly earnings, product innovations, and partnership developments. Our repository includes verified information on XPON's expanding home energy solutions and industrial applications, ensuring users stay informed about market-moving developments.
Key updates include financial performance reports, technological advancements in battery efficiency, and expansion into new energy sectors. All content is sourced directly from official company communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Expion360's latest developments. Check regularly for updates impacting the energy storage sector and XPON's position within competitive markets.
Expion360 (XPON) reported Q4 2024 financial results with revenue of $2.0 million, up 131% from Q4 2023 and 43% sequentially from Q3 2024. The company's Q4 gross profit was $438,552 (22.1% margin), while net loss improved 88% to $251,647.
For full year 2024, revenue decreased 6% to $5.6 million, with gross profit at $1.2 million (20.5% margin). The company secured new OEM partnerships, including Scout Campers, and began shipping Home Energy Storage Solutions (HESS). A non-binding LOI was signed with NeoVolta for potential collaboration on battery manufacturing.
The company projects $5.0 million in incremental revenue for 2025 from new OEM partnerships and distributors, expecting to increase gross profits by $1.4 million. In January 2025, Expion360 closed a $2.6 million registered direct offering to strengthen its balance sheet.
Expion360 (Nasdaq: XPON), a leader in lithium-ion battery power storage, has scheduled its Q4 and Full Year 2024 financial results conference call for March 31, 2025, at 4:30 p.m. Eastern Time. The company will release detailed financial results before the call.
CEO Brian Schaffner will host the conference call, which will include a presentation and Q&A session. The presentation materials will be accessible through the company's investor relations website. A replay of the call will be available until April 14, 2025, through both telephone and webcast options.
Expion360 (Nasdaq: XPON) has closed a $2.6 million registered direct offering and concurrent private placement with institutional investors. The transaction, priced at market under Nasdaq rules, included:
- Sale of 1,048,386 shares of Common Stock or Pre-Funded Warrants at $2.48 per Share (or $2.479 for Pre-Funded Warrants)
- Warrants to purchase Common Stock at $2.36 exercise price
- Pre-Funded Warrants are immediately exercisable
The company plans to use the net proceeds for general corporate purposes and working capital, with $500,000 allocated to satisfy amounts owed to Series A warrant holders. Aegis Capital Corp. served as the exclusive placement agent for the offerings.
Expion360 (Nasdaq: XPON), a lithium-ion battery power storage solutions company, has announced definitive agreements for a $2.6 million fundraising through registered direct and private placements. The transaction includes:
- Sale of 1,048,386 shares of common stock (or pre-funded warrants) at $2.48 per share
- Each share/warrant bundled with one warrant to purchase common stock at $2.36 exercise price
- Pre-funded warrants priced at $2.479 with $0.001 exercise price
The transaction is expected to close around January 3, 2025. Aegis Capital Corp. serves as the exclusive placement agent. The company plans to use proceeds for general corporate purposes and working capital. The offering is made under an effective shelf registration statement, with the private placement to accredited investors.
Expion360 (XPON) announced preliminary Q4 2024 financial results, reporting revenue between $1.8 to $2.0 million, up from $1.4 million in Q3 2024. Expected gross profit ranges from $350,000 to $450,000, improving from $205,000 in the prior year period.
The company anticipates a Q4 2024 net loss between $450,000 to $350,000, significantly reduced from a $2.2 million loss in Q4 2023. Operational net loss is expected between $1.3 to $1.2 million.
The company highlighted expansion of OEM relationships and distribution network, including new customers Scout Campers, Alaskan Campers, and K-Z Recreational Vehicles. Additionally, Expion360 plans to begin shipping Home Energy Storage Solutions to Wellspring Solar in January 2025. Full financial results for Q4 and year-end 2024 are expected in March 2025.
Expion360 (Nasdaq: XPON) has initiated distribution of its e360 Home Energy Storage Solutions (HESS) to integration partner Wellspring Solar. The LiFePO4 battery-based HESS system enables residential and small business customers to create their own stable micro-energy grid to mitigate power fluctuations and outages.
The company is fulfilling purchase orders to Wellspring Solar, which has been instrumental in the HESS pilot program, testing, and system development. The HESS product line is positioned to capitalize on the growing battery energy storage market and may benefit from California's Self-Generation Incentive Program and federal tax credits through the Inflation Reduction Act for home battery systems.
Expion360 (Nasdaq: XPON) announced the resignation of CFO Greg Aydelott, effective December 31, 2024, due to family health concerns. CEO Brian Schaffner will serve as interim CFO, Principal Financial and Accounting Officer while the company conducts a search for a permanent replacement. Aydelott will continue as a consultant to ensure a smooth transition.
Schaffner, who previously served as CFO from March 2021 through January 2023, acknowledged Aydelott's contributions, including managing growth, strengthening the balance sheet, enhancing planning processes, and overseeing technology investments.
NeoVolta (Nasdaq: NEOV) and Expion360 (Nasdaq: XPON) have signed a non-binding letter of intent (LOI) to potentially collaborate on developing a state-of-the-art battery manufacturing facility and innovative lithium-ion battery designs. Expion360 would contribute design and engineering expertise, while NeoVolta would provide capital and manpower.
NeoVolta has completed phase one of its $250 million U.S. Department of Energy Title 17 Loan Program application and received approval for phase two technical due diligence. The planned facility would employ over 150 workers to meet domestic content requirements established in the 2022 Inflation Reduction Act for Battery Electric Storage Systems (BESS).
Expion360 (Nasdaq: XPON) announced significant expansion of its OEM and distribution network, projecting $5.0 million in incremental revenue for fiscal year 2025 and increased sales for Q4 2024. Following the Elkhart RV Dealer Open House and ongoing sales efforts, the company secured several new OEM customers, including Scout Campers, Alaskan Campers, and K-Z Recreational Vehicles, plus one new distributor. The anticipated revenue growth is expected to increase gross profits by $1.4 million for fiscal year 2025. The expansion strengthens Expion360's presence in RV, off-grid, and surveillance industries.
Expion360 (XPON) reported Q3 2024 revenue of $1.4 million, up 8.7% sequentially from Q2, but down 26.5% year-over-year. The company recorded a net loss of $8.8 million compared to $1.8 million in the prior year. Key developments include new partnerships with Scout Campers, Alaskan Campers, and K-Z RV for lithium-ion battery integration, and closing a $10 million public offering. Gross profit margin decreased to 12.1% from 25% year-over-year. The company is developing home energy storage solutions and expanding its OEM relationships despite RV market challenges due to high interest rates.
