Expion360 Stock Price, News & Analysis

Expion360, Inc. (NASDAQ:XPON) has been appointed the exclusive supplier of high-energy lithium-ion batteries for Cube Series' new ultra-lightweight foldable camper designed for lightweight trucks. The 120Ah e360 Li-ion batteries will enhance energy density and storage, powering camper features like a refrigerator, microwave, and electric outlets. Production shipments are set to begin in Q2 2023. This partnership expands Expion360's OEM program, reflecting its growth in the market. The company’s batteries claim to offer greater capacity and longevity compared to traditional lead-acid batteries, appealing to a broader customer base in the camper segment.

Expion360, Inc. (NASDAQ:XPON) announces significant management changes aimed at enhancing growth prospects. Brian Schaffner has been appointed CEO, succeeding co-founder John Yozamp, who transitions to Chief Business Development Officer. Greg Aydelott is promoted to CFO, and Paul Shoun adds President to his COO title. David Hendrickson takes over as Chairman of the Board. The company aims to leverage these changes to increase shareholder value and capitalize on emerging opportunities in the clean energy sector, particularly in lithium-ion battery solutions.

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.

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.

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.

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.

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.

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.

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.