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 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.
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