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. (Nasdaq: XPON) generates a steady flow of news as it develops and sells premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles, marine applications, Light EV and residential energy storage. Company updates frequently highlight sales trends, new product introductions, leadership changes, capital-raising activities, and interactions with The Nasdaq Capital Market.
Investors following XPON news can expect regular financial and operational results releases, including quarterly and annual earnings reports that discuss revenue growth, gross margin trends, cash usage, and changes in working capital. These reports often describe demand dynamics in the RV market, the performance of newer battery products and technologies, and progress in expanding OEM and distributor relationships.
Expion360’s news flow also covers strategic initiatives such as the launch and scaling of its e360 Home Energy Storage Solutions (HESS), development of industrial and surveillance-focused energy storage products, and its technology roadmap for higher-energy-density lithium-ion and LiFePO4 chemistries. Press releases have discussed potential collaborations, including a non-binding letter of intent related to battery manufacturing and product design, as well as efforts to diversify supply chains and manage tariff impacts.
Regulatory and capital markets developments are another recurring theme. The company has issued news about regaining compliance with Nasdaq listing rules, implementing warrant inducement transactions, completing registered direct offerings and private placements, and establishing an at-the-market equity program. Leadership and governance updates, including the appointments of a new Chief Financial Officer, Chief Executive Officer, and additional directors, are also communicated through news releases.
For readers tracking XPON, this news stream provides context on Expion360’s operational execution, product evolution, financing decisions, and corporate governance. Regularly reviewing these updates can help observers understand how the company is positioning its LiFePO4 battery and energy storage business across RV, marine, Light EV, residential, industrial, and surveillance markets.
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.
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.
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.
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.
Expion360, Inc. (NASDAQ: XPON) has promoted Greg Aydelott to Chief Accounting Officer, overseeing day-to-day accounting alongside the CFO. Aydelott, who has two decades of experience in financial management, previously served as the company’s controller. CEO John Yozamp stated Aydelott will enhance financial management and support the company's growth strategies. Aydelott expressed enthusiasm for supporting Expion360's growth in the lithium-ion battery market for RVs and marine applications.