Expion360 Stock Price, News & Analysis

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.

Expion360 Inc. (Nasdaq: XPON), a leader in lithium-ion battery power storage solutions, is set to participate in the LD Micro Main Event XVII Conference on October 29-30, 2024 in Los Angeles. CEO Brian Schaffner will conduct one-on-one meetings and deliver a presentation on October 29 at 3:00 pm PT.

The presentation will focus on Expion360's new products, technologies, and expanding partnerships with Recreational Vehicle OEMs. It will also highlight the company's Home Energy Storage Solutions. Investors can view the presentation live or via replay through a webcast link, which will also be available on Expion360's investor relations website.

For those interested in scheduling meetings with Expion360 management or attending the presentation, contact information and registration details are provided in the press release.

Expion360 Inc. (Nasdaq: XPON), a leader in lithium-ion battery power storage solutions, has announced a 1-for-100 reverse stock split of its common stock. The split will be effective on October 8, 2024, at 5:00 p.m. Pacific Time, with post-split trading beginning on October 9, 2024. This move aims to regain compliance with Nasdaq's minimum bid price requirement for continued listing.

Key points:

• Every 100 shares will be combined into one share
• No fractional shares will be issued; holders will receive one whole share instead
• The stock will continue trading under the symbol 'XPON' with a new CUSIP number
• The split affects equity awards, warrants, and non-plan options, adjusting their issuable shares and prices
• Pacific Stock Transfer Company is acting as the transfer and exchange agent

Expion360 Inc. (Nasdaq: XPON), a leader in lithium-ion battery power storage solutions, has announced a new partnership with Scout Campers, a subsidiary of Adventurer Manufacturing, Inc. Starting with model year 2025 production, all Scout Campers will come standard with Expion360's Group 27 132Ah VHC internally heated lithium battery. This advanced battery technology offers superior performance, longevity, and safety for outdoor enthusiasts.

Customers will have the option to upgrade their camper's power capacity by adding a second Expion360 battery. The VHC technology is designed to maintain optimal performance in various conditions, including extreme temperatures, ensuring a reliable power source for off-grid adventures. This partnership reflects Expion360's commitment to delivering cutting-edge energy solutions that meet the evolving needs of outdoor enthusiasts.

Expion360 Inc. (Nasdaq: XPON) has announced a new partnership with Alaskan Campers to equip their truck campers with advanced lithium battery solutions. Expion360's 12.8V GC2 162Ah VHC internally heated battery will now come standard in all of Alaskan Campers' product lines, with the option to expand to include two additional GC2 batteries.

Alaskan Campers, known for their unique hard-sided, pop-up truck campers, will integrate Expion360's technology to provide reliable and efficient power for outdoor enthusiasts. This collaboration aims to enhance the outdoor experience by combining Alaskan Campers' innovative designs with Expion360's advanced power solutions.

Expion360 Inc. (XPON) reported Q2 2024 financial results, highlighting 32% sequential revenue growth to $1.3 million. The company launched new products, including the Edge™ battery and next-generation Group 27 & GC2 batteries with VHC™ heating technology. Expion360 announced partnerships with Tractor Supply Company for e-commerce retail and K-Z RV for product integration. The company closed a $10 million public offering to advance home energy storage solutions and growth initiatives. Despite Q2 net loss of $2.2 million, Expion360 is positioned for growth with expanding product portfolio and market recovery in the RV industry. The company is developing two LiFePO4 battery storage solutions for residential and small business customers, targeting a market expected to surpass $123 billion globally by 2029.