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, Inc. (NASDAQ:XPON), a leader in lithium-ion battery power storage solutions, announced CEO Brian Schaffner appeared on the Big Biz Show, discussing the company's superiority in battery design and construction. Schaffner highlighted the growing preference for lithium-ion batteries over lead-acid models and outlined Expion360's plans to expand into new markets, especially home energy storage. Recent OEM partnerships, including a strategic supply deal with a major U.S. SUV manufacturer, showcase their market penetration. The company’s successful IPO on Nasdaq in April 2022 positions it favorably as a pure play in the energy storage sector, aiming to gain significant market share in various applications.
Expion360, Inc. (NASDAQ:XPON) reported strong growth in its financial results for 2022, with revenue rising 59% to a record $7.2 million. Fourth-quarter revenue also increased by 8% to $1.45 million. Despite a net loss of $7.5 million for the year, the company showed improvement in Q4 with a reduced loss of $1.5 million compared to $4.0 million in Q4 2021. Cash and equivalents stood at $7.2 million, down from $8.1 million in Q3 2022. Expion360 has secured multiple exclusive supply agreements in the RV sector, enhancing market presence. The company also anticipates launching a new home energy storage product in 2024 to address sustainability challenges.
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