Expion360 Inc. develops, assembles, manufactures and sells lithium iron phosphate battery systems and related accessories for recreational vehicle, marine, light electric vehicle, industrial and energy-storage applications. Company updates commonly cover demand for premium LiFePO4 batteries, sales through dealers, wholesalers, private-label customers and OEMs, and product development across mobile, off-grid and industrial power use cases.
Recurring news themes include financial and operating results, next-generation battery models, battery features such as VHC internal heating, SmartTalk Bluetooth connectivity and CAN Bus communication, and partnerships that extend Expion360 battery technology into construction and industrial jobsite energy storage. Updates also address distribution expansion, customer onboarding, leadership changes and balance-sheet actions tied to the company’s public-market status.
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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.
Expion360 (NASDAQ:XPON) has been selected as the exclusive supplier of lithium-ion batteries for Xtreme Outdoors, specifically for its Little Guy camper trailers. The e360™ 120Ah Li-ion batteries will be utilized across various models, including Max, Mini Max, and Micro Max, enhancing energy density and performance. This partnership is expected to boost Expion360's brand visibility within the camping community and validates its battery technology. With extensive orders already placed by Xtreme Outdoors, the expected impact on Expion360 includes growth in sales and potential upsell opportunities across its dealer network.
Expion360 (NASDAQ:XPON) has been invited to present at the 35th Annual ROTH Conference from March 12-14, 2023, at The Ritz Carlton in Laguna Niguel, California. The conference will feature various presentations, including one-on-one meetings with analysts. CEO Brian Schaffner, along with other executives, will discuss Expion360's leadership in lithium-ion battery solutions for recreational vehicles (RVs) and marine applications. The company recently secured its position as the exclusive lithium-ion battery supplier for several RV manufacturers, expanding its market presence significantly.
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.