STOCK TITAN

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.

Rhea-AI Summary

Expion360 (NASDAQ:XPON) has launched the AURA POWERCAP 600™ and AURA POWERCAP 800™, innovative accessories that convert Expion360 Li-ion batteries into portable power sources. These units provide 600 or 800 watts of power, supporting various devices and appliances. The 600 model works with battery capacities of 60Ah to 95Ah, while the 800 model is compatible with 100Ah and 120Ah. Pre-orders have begun, with shipping expected in Q2 2023. The company has also filed patent applications for the AURA's design, further protecting its proprietary technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
58.23%
Tags
none
-
Rhea-AI Summary

Expion360 Inc. (NASDAQ:XPON) has been chosen as the exclusive supplier of high-energy lithium-ion batteries for Imperial Outdoors' new off-grid RV camper series. This collaboration builds on a multi-year partnership. The 360Ah e360 Li-ion batteries will power solar systems and air conditioning units in the rugged XploreRV models, enhancing outdoor experiences year-round. These batteries offer superior capacity, lifespan, and performance compared to lead-acid alternatives, allowing adventurers to explore remote areas comfortably. The campers are now available nationwide.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.83%
Tags
none
-
Rhea-AI Summary

Expion360 (NASDAQ:XPON) announced its selection as the exclusive supplier of high-energy lithium ion batteries for a new overland trailer developed by a major U.S. SUV manufacturer. This trailer integrates Expion360's advanced batteries into its solar-powered storage system, enhancing off-road performance and power capabilities. Shipments are set to begin in Q1 2023, with availability through over 5,000 dealerships across North America. The partnership underscores Expion360's superior battery technology and positions the brand prominently in the outdoor power solutions market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
139.06%
Tags
none
Rhea-AI Summary

Expion360, Inc. (NASDAQ:XPON) has launched a new Value-Added Reseller (VAR) program for its e360 lithium-ion battery line. This initiative aims to strengthen the company’s market presence, complementing its existing network of over 175 dealers and private-label customers. Certified VARs will provide energy storage solutions, including installation and technical support, and will benefit from protected territories. The VAR program is expected to roll out by year-end 2022, with the first VAR anticipated in Q1 2023. Expion360's batteries offer significant advantages over traditional lead-acid models.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.69%
Tags
none
-
Rhea-AI Summary

Expion360, Inc. (NASDAQ:XPON) reported a 4% year-over-year revenue increase to a record $1.4 million in Q3 2022, totaling $5.7 million for the first nine months, a 79% increase. However, gross profit fell 25% to $403,000 in Q3, partly due to expanded operations. Net loss increased to $1.3 million for the quarter and $6.1 million year-to-date, largely from non-cash expenses. The company is launching new lithium-ion products for RVs and small vehicles and has increased inventory levels to mitigate supply chain issues.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.67%
Tags
none
-
Rhea-AI Summary

Expion360, Inc. (NASDAQ:XPON) announced that CEO John Yozamp will appear on the Big Biz Show on October 6, discussing the superiority of its lithium-ion batteries over lead-acid alternatives. The company recently reported a significant revenue increase of 122% to $2.2 million and a gross profit rise of 88% to $706,000. Expion360 aims to leverage its strong brand and product versatility to expand in the lithium battery market, which is seeing increased demand for energy storage solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
none
Rhea-AI Summary

Expion360 (NASDAQ:XPON) reported a record revenue of $2.2 million for Q2 2022, a 122% increase year-over-year, driven by expanded product offerings and distribution. Gross profit rose 88% to $706,000. However, the net loss increased to $4.1 million mainly due to non-cash charges related to their IPO. Total assets reached $19.9 million, while total liabilities stood at $5.6 million. The company strengthened its customer base and distribution network, introducing new products and enhancing supply chain capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.03%
Tags
none
-
Rhea-AI Summary

Expion360 (NASDAQ:XPON), a leader in lithium batteries for RVs and outdoor applications, has signed a Memorandum of Understanding (MOU) with Ioneer Ltd. to secure a domestic supply of lithium carbonate. This strategic move aims to enhance the company's supply chain amid increasing demand for their products. Additionally, Expion360 has engaged the Chesapeake Group for enhanced investor relations and corporate communication. The partnership is expected to bolster transparency and investor education initiatives as the company continues its growth trajectory.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Expion360, Inc. (NASDAQ:XPON) has launched its new Lithium Power Bundle, a clean energy solution tailored for recreational vehicles (RVs) and other applications. This integrated system, available at select Camping World Performance Centers, allows efficient management of energy from solar power through Expion360's lithium iron phosphate batteries. The batteries boast a lifespan of up to 12 years and offer three times the power of traditional lead-acid batteries while being lighter. Expion360 aims to enhance customer service quality in collaboration with Camping World.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
none
Rhea-AI Summary

Expion360 (NASDAQ:XPON) has signed a non-binding letter of intent with an Asian producer to procure lithium battery manufacturing equipment, aiming to establish a large-scale lithium cell manufacturing facility in Redmond, Oregon. This facility is designed to produce up to 250,000 Type 26650 lithium battery cells per day, supporting the U.S. transition to clean energy. The projected cost for the facility is approximately $450 million, funded through a mix of equity, debt, and federal grants. Expion360 anticipates starting engineering and site planning before year-end.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.86%
Tags
none

FAQ

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

The current stock price of Expion360 (XPON) is $2.18 as of December 4, 2024.

What is the market cap of Expion360 (XPON)?

The market cap of Expion360 (XPON) is approximately 2.0M.

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.

Expion360 Inc.

Nasdaq:XPON

XPON Rankings

XPON Stock Data

2.00M
2.02M
12.93%
5.09%
72.93%
Electrical Equipment & Parts
Miscellaneous Electrical Machinery, Equipment & Supplies
Link
United States of America
REDMOND