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Expion360 Inc. - XPON STOCK NEWS

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. (Symbol: XPON) specializes in the design, assembly, manufacturing, and sales of advanced lithium iron phosphate (LiFePO4) batteries, along with supporting accessories. The company's primary focus is on recreational vehicles (RVs) and marine applications. They are renowned for their minimal-footprint batteries, providing more power for their size compared to other market alternatives.

Expion360’s innovative product line includes the Next Gen Group 27 and GC2 Series Batteries featuring proprietary Vertical Heat Conduction™ Technology, which meets the diverse needs of customers. Notably, these batteries offer exceptional flexibility and enhanced heating efficiency.

With plans to expand into the home energy storage and industrial sectors, Expion360 is poised to capture a broader market share. The company is committed to delivering high-quality and reliable energy storage solutions, which has earned them a solid reputation in the industry.

In recent developments, Expion360’s revenue for the year ended December 31, 2023, totaled $6.0 million, a 16.5% decrease from the previous year. This decline was primarily due to reduced demand in the consumer market, affecting OEM sales. Despite this, the company remains optimistic about future growth driven by continuous innovation and customer demand.

Expion360 has also announced new strategic initiatives and partnerships to enhance product availability. Their lithium batteries and accessories are now available online to customers across 49 states, broadening their market reach.

For more information, contact Brian Schaffner, CEO, at 541-797-6714 or via email. External investor relations are managed by Chris Tyson, Executive Vice President, MZ Group - MZ North America, reachable at 949-491-8235 or XPON@mzgroup.us.

News

Expion360 Reports Fourth Quarter and Full Year 2023 Financial Results

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Expion360 Inc. (XPON) reported its financial and operational results for Q4 and full year 2023, highlighting revenue decline, increased net loss, and new product launches. The company entered the home energy storage market with LiFePO4 battery solutions and achieved UL 1973 compliance for its batteries. Expion360 secured financing commitments of up to $22.5 million, enhancing its liquidity. The CEO emphasized new partnerships, OEM agreements, and product launches in 2024 to drive market expansion and revenue growth.
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Expion360 Achieves UL 1973 Compliance for EX1 SmartTalk™ Bluetooth® Batteries

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Expion360 Inc. (XPON) achieves UL 1973 compliance for its EX1 SmartTalk Bluetooth batteries, reinforcing safety and innovation in the lithium battery industry. The certification positions the company to capitalize on the growing demand for energy storage solutions, with projected market growth of over 14% annually. The batteries offer cutting-edge technology, enhanced safety features, and real-time monitoring capabilities, ensuring reliability for various applications. CEO Brian Schaffner emphasizes the company's commitment to safety, innovation, and customer satisfaction.
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Expion360 to Host Fourth Quarter and Full Year 2023 Financial Results Conference Call on Thursday, March 28, 2024 at 4:30 p.m. Eastern Time

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Expion360 Inc. (XPON) will hold a conference call on March 28, 2024, to discuss its financial results for Q4 and full fiscal year 2023, along with 2024 milestones. The call will be hosted by CEO Brian Schaffner and CFO Greg Aydelott. Investors can access the call and presentation via webcast or investor relations section of the website.
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Expion360 to Attend the 36th Annual ROTH Conference on March 17-19, 2024

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Expion360 Inc. (XPON) to attend the 36th Annual ROTH Conference to discuss new products and partnerships in the lithium-ion battery power storage sector.
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Expion360 Issues Stockholder Letter and Provides Corporate Update

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Expion360 Inc. (XPON) CEO Brian Schaffner issued a letter to stockholders, highlighting the company's diversification, new product launches, market expansion, and strong partnerships in 2023. The company introduced innovative lithium-ion battery products and accessories, entered new markets, and expanded its sales and distribution partnerships. Expion360 also made operational and financial improvements, receiving financing commitments and joining the Russell Microcap Index. Despite a mid-teens percentage revenue decline in 2023, the company aims to recapture growth through new initiatives and products, expecting strong growth from energy storage systems and new partnerships in 2024.
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Expion360 Announces Next Generation GC2 and Group 27 Series LiFePO4 Batteries for Recreational Vehicles

Rhea-AI Summary
Expion360 Inc. (Nasdaq: XPON) has announced the launch of its next generation GC2 and Group 27 series lithium iron phosphate batteries, featuring advanced technology such as Vertical Heat Conduction™, Bluetooth® and CAN Bus Communication. The new batteries offer higher amp-hour options and increased energy density by up to 32 percent. They are designed for use in RVs, marine vessels, and off-grid systems, and will be available for purchase through dealers, wholesalers, private-label customers, and OEMs nationwide.
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Expion360 Announces Financing Commitments of up to $22.5 Million

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Expion360 Inc. (NASDAQ:XPON) announced a securities purchase agreement to sell a senior unsecured convertible promissory note for $2.75 million and establish an equity line of credit for up to $20.0 million in shares. The company plans to use the net proceeds for working capital, general corporate purposes, and future growth.
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Expion360 Announces Leadership Transition with Planned Retirement of Co-Founder John Yozamp

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Expion360 Inc. (NASDAQ:XPON) announces new organizational structure, with Co-Founder John Yozamp transitioning to independent sales representative. Brian Schaffner appointed CEO, while Paul Shoun takes on roles of President and Chairman of the Board.
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Expion360 Enters Home Energy Storage Market with All-in-One and Scalable Lithium-ion Battery Solutions

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Expion360, Inc. (NASDAQ:XPON) introduces two premium lithium iron phosphate (LiFePO4) battery storage solutions for homeowners and small businesses to create a stable micro-energy grid, lessening the impact of power fluctuations and outages. The new product line is expected to benefit from California's Self-Generation Incentive Program and federal tax credits. Expion360 expands its portfolio into home energy applications, aiming to help homeowners maintain safety, security, and comfort during power interruptions.
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Expion360 Reports Third Quarter 2023 Results

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Expion360, Inc. (NASDAQ:XPON) reported Q3 2023 financial highlights including a 10% revenue increase to $1.9 million, a 17% increase in gross profit to $473,000, and a net loss of $1.8 million. Operational highlights included expanded sales and distribution partnerships, new product launches, and strengthened corporate governance. The company also announced a partnership with Renewable Energy Products Manufacturing Corp. to offer new energy storage solutions.
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FAQ

What is the current stock price of Expion360 (XPON)?

The current stock price of Expion360 (XPON) is $2.15 as of December 20, 2024.

What is the market cap of Expion360 (XPON)?

The market cap of Expion360 (XPON) is approximately 1.9M.

What does Expion360 Inc. specialize in?

Expion360 Inc. specializes in designing, assembling, manufacturing, and selling lithium iron phosphate (LiFePO4) batteries and supporting accessories, primarily for recreational vehicles (RVs) and marine applications.

What are Expion360’s main products?

Expion360’s main products include lithium iron phosphate (LiFePO4) batteries like the Next Gen Group 27 and GC2 Series, which feature proprietary Vertical Heat Conduction™ Technology.

What markets is Expion360 looking to expand into?

Expion360 plans to expand into home energy storage products and industrial applications, aiming to increase their market share beyond RV and marine sectors.

How did Expion360 perform financially in the year ended December 31, 2023?

For the year ended December 31, 2023, Expion360 reported a revenue of $6.0 million, which is a 16.5% decrease from the previous year, mainly due to a reduction in the consumer market affecting OEM sales.

How does Expion360’s battery technology stand out?

Expion360’s batteries are noted for providing more power for their size compared to other market devices and feature proprietary Vertical Heat Conduction™ Technology for improved heating efficiency.

Where can I purchase Expion360’s batteries and accessories?

Expion360’s lithium batteries and accessories are available online to customers in 49 states, providing easy access to their innovative products.

Who are the key contacts for Expion360?

The key contacts for Expion360 are Brian Schaffner, CEO (541-797-6714), and Chris Tyson, Executive Vice President at MZ Group - MZ North America (949-491-8235, XPON@mzgroup.us).

What recent technological advances has Expion360 made?

Expion360 recently introduced batteries with proprietary Vertical Heat Conduction™ Technology, which enhances heating efficiency and flexibility for various applications.

What caused the revenue decline in 2023 for Expion360?

The revenue decline in 2023 was primarily due to a reduction in the consumer market, which led to a decrease in OEM sales.

What advantages do Expion360’s batteries offer over competitors?

Expion360’s batteries offer more power for their size compared to other market options and include innovative technologies like Vertical Heat Conduction™, enhancing their efficiency and adaptability.

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Expion360 Inc.

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XPON Stock Data

1.87M
2.02M
12.93%
5.09%
72.93%
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