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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Expion360's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Expion360's position in the market.
Expion360 (Nasdaq: XPON) has announced a new e-commerce partnership with Tractor Supply Company. This collaboration will make Expion360’s lithium-ion batteries and accessories available online to customers in 49 states starting June 2024. Tractor Supply, the largest rural lifestyle retailer in the US, operates over 2,200 stores and offers a variety of products for automotive, RV, camper, and marine applications. Expion360’s offerings will include Group 24 and Group 27 batteries, the Aura Power Cap, and a portable solar bundle. CEO Brian Schaffner highlighted the partnership as a significant growth opportunity, enhancing Expion360’s market presence and making their advanced battery technology accessible to a broader audience.
Expion360 reported its Q1 2024 financial results, highlighting a revenue of $1.0 million, up 13% sequentially from Q4 2023, but down 35.5% year-over-year. The net loss increased to $2.2 million from $2.0 million in the prior year, driven by new product development and launches.
Key developments include substantial preorders for new Group 27 and GC2 batteries featuring proprietary Vertical Heat Conduction™ technology, the launch of Edge™ battery, and UL 1973 compliance for 450Ah EX1 batteries. The company also detailed future strategic partnerships and product expansions for various sectors, including home energy storage solutions.
CEO Brian Schaffner emphasized the company's innovation and expansion efforts across multiple market segments. Cash reserves totaled $2.3 million, with additional financing commitments of up to $22.5 million to support ongoing initiatives.
Expion360 Inc. (Nasdaq: XPON) announced the launch of the Edge™ LiFePO4 battery designed for off-grid power storage solutions. With a slim form factor and Vertical Heat Conduction™ technology, the Edge offers flexibility for various applications. It features real-time monitoring capabilities, modular design for easy expansion, and is equipped with Integrated SmartTalk™ Bluetooth and CAN Bus communication. The battery is now available for preorder, with shipments starting in the third quarter of 2024.
Expion360 Inc. (Nasdaq: XPON) will host a conference call on May 14, 2024, to discuss its financial results for the first quarter of 2024, led by CEO Brian Schaffner and CFO Greg Aydelott. The call will include details on ongoing initiatives and anticipated milestones for 2024. A press release will precede the call, and a webcast with a presentation will be available. Access details include dial-in information and a webcast link for investors. A telephone replay and access to the presentation will be available post-call.