Core Viewpoint - Zacks Investment Research has initiated coverage of Expion360 Inc. (XPON) with a Neutral recommendation, highlighting both growth potential and significant risk factors for investors in this micro-cap lithium battery manufacturer [1] Group 1: Financial Performance - Expion360 has seen a substantial increase in net sales, with a 104% year-over-year growth for the nine months ending September 30, 2025, reaching $7.4 million, driven by deeper market penetration in the RV and marine sectors [2] - Gross profit surged by 133% year over year, with gross margins improving to 22.4% from 19.7%, attributed to a favorable product mix and effective inventory and cost management [3] - Despite a brief net profit in Q3 2025, the company reported a cumulative net loss of $1.8 million for the first nine months of the year, with negative cash flow from operations and high SG&A expenses at 96.4% of total revenues [6] Group 2: Technological and Market Position - Expion360's LiFePO4 batteries utilize high-density 4.5Ah 26650 cells, providing 32% more energy density than conventional options, and are designed for durability and performance in both recreational and residential energy markets [4] - The ongoing electrification of RVs and the increasing popularity of off-grid travel are driving battery demand, while the company's entry into home energy storage with the e360 product line positions it to benefit from residential solar adoption and federal clean energy incentives [5] Group 3: Risks and Challenges - The company faces execution challenges, including a Q3 inventory write-down of $0.8 million, which raises concerns about demand forecasting and inventory control [7] - Expion360's reliance on a limited customer base, with four customers accounting for 62% of sales, and exposure to overseas suppliers present vulnerabilities to demand fluctuations and cost pressures [7] - The company's share price has struggled, reflecting skepticism regarding its ability to achieve consistent results amid ongoing financial and operational challenges [8] Group 4: Investment Outlook - Expion360 presents promising growth prospects driven by strong industry demand and differentiated technology, but ongoing losses and execution risks necessitate caution until a clearer path to profitability is established [9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): January 28, 2026 Expion360 Inc. (Exact name of registrant as specified in its charter) | Nevada | 001-41347 | 81-2701049 | | --- | --- | --- | | (State or other jurisdiction of | (Commission | (I.R.S. Employer | | incorporation or organization) | File Number) | Identification No.) | [ ] Pre-com ...

2025 Revenue Expected to be Approximately $9.6 Million REDMOND, Ore., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, today announced select preliminary, unaudited financial results for the year ended December 31, 2025. Key Financial Highlights for 2025 Preliminary, unaudited revenue for 2025 is expected to be approximately $9.6 million, up from $5.6 million in 2024.Preliminary, unaudited gross ...

Core Viewpoint - Expion360 Inc. is focused on growth and strengthening its leadership position in the lithium iron phosphate battery market, with significant improvements in financial performance and operational capabilities in 2025, setting the stage for continued success in 2026 [1][9]. Leadership and Governance - The company underwent a strategic evolution in its executive leadership to enhance governance and financial discipline, appointing Joseph Hammer as CEO and Chairman, and Shawna Bowin as CFO, both bringing extensive experience to their roles [2][3]. Financial Performance - In Q3 2025, net sales increased by 72% to $2.4 million, gross profit surged by 222% to $0.5 million, and gross margin improved to 23% from 12% [5]. - For the nine months ending September 30, 2025, net sales reached $7.4 million, more than double the $3.6 million from the same period in 2024, with gross profits of $1.7 million compared to $0.7 million in the prior year [6]. Operational and Balance Sheet Enhancements - The company strengthened its balance sheet through various capital-raising initiatives, including a direct offering and private placements, generating approximately $2.6 million and $6.5 million from warrant exercises, enhancing liquidity and operational flexibility [7][8]. 2026 Operational Outlook - Expion360 anticipates 2026 to be a milestone year, driven by growing demand for its LiFePO4 batteries and accessories, supported by a robust pipeline of recurring orders and new partnerships [9][10]. - The focus for 2026 includes innovation, margin expansion, and disciplined growth in markets with sustainable demand, particularly in industrial and construction sectors [10][11]. Product Development and Market Opportunities - The company is developing specialized energy storage solutions for surveillance applications and pursuing growth in industrial markets, emphasizing efficiency and sustainability [11][12]. - Expion360's technology roadmap includes advancements in lithium-ion and LiFePO4 chemistries, aiming to enhance safety, cycle life, and cost efficiency for various applications [13][14]. Market Outlook - The market outlook remains strong, with anticipated growth in RV, marine, and industrial sectors, alongside potential opportunities in defense technology as the Pentagon focuses on domestic battery supply chains [14][15].

Group 1: RLX Technology Inc - RLX Technology Inc reported quarterly earnings of 3 cents per share on sales of $158.600 million [1] - Shares of RLX Technology rose 6% to $2.47 in pre-market trading following the earnings report [1] Group 2: Other Stocks in Pre-Market Trading - Cidara Therapeutics, Inc. surged 92% to $203.50 after a Schedule 13D Amendment revealed beneficial ownership of 3.37 million shares [4] - Binah Capital Group, Inc. gained 52.2% to $2.17 after posting stronger-than-expected third-quarter results [4] - Expion360 Inc. rose 42.4% to $1.81 following its third-quarter results [4] - Aspire Biopharma Holdings, Inc. surged 31.2% to $0.1380 in pre-market trading [4] - Invivyd, Inc. gained 28.8% to $2.28 after reporting better-than-expected third-quarter financial results [4] - Milestone Scientific Inc. surged 26.3% to $0.4801 after reporting better-than-expected third-quarter sales [4] - Lazydays Holdings, Inc. gained 23.3% to $1.85 after a previous surge [4] - Omeros Corp gained 12.5% to $7.08 following a narrower-than-expected quarterly loss [4] - Nouveau Monde Graphite Inc rose 10% to $3.25 after a decline the previous day [4] Group 3: Declining Stocks in Pre-Market Trading - TSS Inc tumbled 40.2% to $9.10 after reporting a year-over-year decrease in third-quarter results [4] - enVVeno Medical Corp declined 35.8% to $0.42 after an unfavorable FDA appeal decision [4] - Nuvve Holding Corp fell 29.3% to $0.34 after announcing third-quarter results [4] - ESS Tech Inc shares dipped 24.2% to $3.22 after reporting weak quarterly sales [4] - Direct Digital Holdings Inc fell 18.8% to $0.23 after a significant gain the previous day [4] - StubHub Holdings Inc fell 18.8% to $15.28 after worse-than-expected third-quarter EPS results [4] - Mangoceuticals Inc dipped 17.7% to $0.98 after a decline the previous day [4] - Red Cat Holdings Inc dipped 15.1% to $6.57 after worse-than-expected financial results and a lowered FY25 sales guidance [4] - WhiteFiber Inc fell 13.4% to $17.21 after reporting worse-than-expected financial results [4] - Sobr Safe Inc fell 12.4% to $2.21 after a decline the previous day [4]

Core Insights - Expion360 Inc. reported a significant sales growth of 72% year-over-year, reaching $2.4 million in Q3 2025, driven by strong demand for lithium iron phosphate (LiFePO4) batteries and accessories, particularly in the RV market [4][9][7] - The company has appointed new leadership, including Joseph Hammer as CEO and Shawna Bowin as CFO, to guide the next phase of growth and expansion [5][4] - The financial results indicate a recovery in the RV market and successful onboarding of new customers, contributing to enhanced sales efforts and strategic marketing initiatives [9][13] Financial Performance - For Q3 2025, net sales totaled $2.4 million, a 72% increase from $1.4 million in Q3 2024 [9][7] - Gross profit for Q3 2025 increased by 222% to $0.5 million, representing 23% of net sales, compared to 12% in the prior year [10][7] - Selling, general, and administrative expenses rose to $3.5 million, a 69% increase from $2.1 million in Q3 2024, but decreased as a percentage of net sales from 151% to 148% [11][7] - Net income for Q3 2025 was $0.7 million, a significant improvement from a net loss of $8.8 million in the same period last year [12][7] Year-to-Date Performance - For the nine months ended September 30, 2025, net sales reached $7.4 million, up 104% from $3.6 million in the prior year [13][7] - Gross profit for the nine months increased by 133% to $1.7 million, or 22% of sales, compared to 20% in the previous year [14][7] - Selling, general, and administrative expenses for the nine months increased by 14% to $7.2 million, while decreasing as a percentage of sales from 173% to 96% [15][7] - The net loss for the nine months was $1.8 million, an improvement from a loss of $13.2 million in the prior year [16][7] Cash and Equity Position - Cash and cash equivalents as of September 30, 2025, totaled $4.3 million, a substantial increase of approximately $3.7 million from $0.5 million at the end of 2024 [17][7] - Working capital improved to $8.5 million from $2.0 million as of December 31, 2024, reflecting a 327% increase [17][7] - Stockholders' equity rose to $9.0 million from $2.5 million at the end of 2024, marking a 258% increase [17][7] Strategic Initiatives - The company plans to focus on expanding OEM market penetration, developing home energy storage solutions, and introducing new battery technologies [6][8] - Expion360 aims to leverage its strong financial foundation to drive growth and explore potential expansions into related energy storage markets [6][8]

Home Energy Storage Solutions - Expion360 began shipping its e360 Home Energy Storage Solutions in January 2025, which include two LiFePO4 battery storage solutions designed for cost-effective home energy management [161]. - The home energy storage market is projected to grow at a 26.4% CAGR, reaching $17.5 billion by 2028, with only 6.0% of residential solar systems currently utilizing battery storage [170]. - The company launched its e360 product line in December 2020, which has become a preferred solution for converting from lead-acid batteries [163]. - Expion360's lithium-ion batteries offer an expected lifespan of approximately 12 years, which is three to four times longer than certain lead-acid batteries, and provide three times the power at half the weight [167]. - The company is focused on increasing OEM market penetration and advancing product development for home energy storage solutions [164]. - Expion360's proprietary e360 SmartTalk mobile app allows users to monitor and manage e360 Bluetooth-enabled LiFePO4 batteries, enhancing user experience and product integration [169]. - The company is exploring opportunities to extend its technology into adjacent applications, including electric forklifts and industrial material handling markets [162]. Financial Performance - Net sales for the three months ended September 30, 2025, increased by $1.0 million, or 72.2%, to $2.4 million compared to $1.4 million for the same period in 2024 [197]. - Net sales for the nine months ended September 30, 2025, increased by $3.8 million, or 104.2%, to $7.4 million compared to $3.6 million for the same period in 2024 [198]. - Cost of sales for the three months ended September 30, 2025, increased by $600,000, or 51.6%, to $1.8 million compared to $1.2 million for the same period in 2024, with cost of sales as a percentage of net sales decreasing by 10.5% [200]. - Gross profit for the three months ended September 30, 2025, increased by $373,000, or 221.6%, to $542,000 compared to $169,000 for the same period in 2024, with gross profit as a percentage of net sales increasing to 22.7% [203]. - Selling, general and administrative expenses for the three months ended September 30, 2025, increased by $1.4 million, or 69.1%, to $3.5 million compared to $2.1 million for the same period in 2024, with expenses as a percentage of net sales at 148.1% [206]. - Other income for the three months ended September 30, 2025, was $3.7 million, a decrease of $10.6 million, or 154.1%, compared to an expense of $6.9 million for the same period in 2024 [209]. - The increase in net sales was primarily due to the recovery of the RV market and enhanced sales efforts, including outreach to OEM partners and strategic marketing initiatives [199]. - Selling, general and administrative expenses for the nine months ended September 30, 2025, increased by $877,000, or 13.9%, to $7.2 million compared to $6.3 million for the same period in 2024, with expenses as a percentage of net sales decreasing significantly [207]. - Gross profit for the nine months ended September 30, 2025, increased by $950,000, or 132.6%, to $1,667,000 compared to $717,000 for the same period in 2024 [204]. - Total cost of sales for the nine months ended September 30, 2025, increased by $2.9 million, or 97.3%, to $5.8 million compared to $2.9 million for the same period in 2024 [201]. - Net income for the three months ended September 30, 2025, was $723,000, compared to a net loss of $8.8 million for the same period in 2024, indicating significant improvement [212]. - For the nine months ended September 30, 2025, the net loss was reduced to $1.8 million from $13.2 million in the prior year, driven by increased sales and decreased cost of sales [212]. Cash Flow and Capital Structure - Cash used in operating activities decreased to $3.7 million for the nine months ended September 30, 2025, from $6.6 million in the prior year, primarily due to reduced inventory levels [216]. - Cash provided by financing activities increased to $7.5 million for the nine months ended September 30, 2025, compared to $5.9 million in 2024, with net proceeds from warrant exercises and common stock issuance contributing significantly [217]. - As of September 30, 2025, working capital improved to $8.5 million from $2.0 million as of December 31, 2024, with cash and cash equivalents rising to $4.3 million from $548,000 [219]. - The company recognized $3.6 million in non-cash operating income for the nine months ended September 30, 2025, compared to $7.5 million in non-cash operating costs in the prior year [213]. - Long-term debt as of September 30, 2025, was approximately $206,000, with $31,000 due within the next 12 months [223]. - The company expects to continue incurring losses and may need to raise additional capital to support operations and growth initiatives [222]. - As of September 30, 2025, the company had $788,000 in long-term operating lease liabilities [227]. - The company sold 4,336 shares of common stock under the Equity Line of Credit for an aggregate amount of $828,491 prior to the termination of the agreement [226]. - The company is classified as a smaller reporting company and is not required to provide the information called for by Item 305 of Regulation S-K [241]. Market and Distribution - The company has added several new distributors and OEM customers in the RV and marine markets, contributing to sales growth during the first nine months of 2025 [176]. - Management anticipates that products sourced from third-party manufacturers in Asia may face additional tariff exposure in 2025, but plans to mitigate potential impacts on gross margins through various strategies [180]. - As of September 30, 2025, Expion360 sells 15 models of LiFePO4 batteries, with varying average selling prices and costs of goods sold depending on the sales channel mix [182].

Financial Performance - Net sales for Q3 2025 reached $2.4 million, a 72% increase from $1.4 million in Q3 2024[7] - Gross profit for Q3 2025 was $0.5 million, representing 23% of net sales, compared to $0.2 million or 12% in the prior year[8] - Net income for Q3 2025 improved to $0.7 million, a $9.5 million increase from a net loss of $8.8 million in Q3 2024[10] - For the nine months ended September 30, 2025, net sales totaled $7.4 million, up 104% from $3.6 million in the same period in 2024[11] - Gross profit for the nine months ended September 30, 2025, was $1,666,660, compared to $716,676 for the same period in 2024, indicating a growth of about 132%[27] - The net loss for the nine months ended September 30, 2025, was $1,798,066, a decrease from a loss of $13,227,828 in 2024, reflecting an improvement of approximately 86%[29] Cash and Working Capital - Cash and cash equivalents increased to $4.3 million as of September 30, 2025, up approximately $3.7 million or 684% from $0.5 million at the end of 2024[15] - Cash and cash equivalents at the end of Q3 2025 were $4,293,797, up from $3,325,177 at the end of Q3 2024, showing an increase of about 29%[29] - Working capital rose to $8.5 million as of September 30, 2025, an increase of $6.5 million or 327% from $2.0 million at the end of 2024[15] Stockholder Equity and Shares - Stockholders' equity increased to $9.0 million as of September 30, 2025, compared to $2.5 million at the end of 2024, marking a 258% increase[15] - The weighted-average number of common shares outstanding for Q3 2025 was 5,995,776, significantly higher than 358,990 in Q3 2024, indicating a substantial increase in share issuance[27] - Net proceeds from the issuance of common stock in financing activities for the nine months ended September 30, 2025, were $1,779,557, compared to $9,510,181 in 2024, showing a decrease of approximately 81%[29] Operational Expenses - Selling, general and administrative expenses for Q3 2025 were $3,544,666, compared to $2,096,468 in Q3 2024, representing an increase of about 69%[27] - The company recorded a loss from operations of $3,002,183 for Q3 2025, compared to a loss of $1,927,777 in Q3 2024, reflecting a deterioration of approximately 55%[27] - The company reported a net cash used in operating activities of $3,725,143 for the nine months ended September 30, 2025, compared to $6,649,331 in 2024, indicating a reduction of approximately 44%[29] Strategic Initiatives - The company aims to enhance OEM market penetration and develop new home energy storage solutions[6] - Leadership changes include the appointment of Joseph Hammer as CEO and Shawna Bowin as CFO to drive strategic growth[5] - The company regained Nasdaq listing compliance as of September 17, 2025[4] Inventory Management - The company experienced a decrease in inventory of $1,199,802 for the nine months ended September 30, 2025, compared to an increase of $460,100 in 2024, indicating a shift in inventory management strategy[29]

Core Insights - Expion360 Inc. has appointed Joseph Hammer as the new Chief Executive Officer and Chairman of the Board, effective October 16, 2025, succeeding Brian Schaffner and Paul Shoun [1][3] - Joseph Hammer has over 20 years of experience in financial executive roles and has previously served as Chief Investing Officer at LHX Corp. and LH Financial [2] - The company aims to expand its distribution and advance lithium-ion battery technology under Hammer's leadership, focusing on growth initiatives and long-term stockholder value [3] Company Overview - Expion360 is a leader in premium lithium iron phosphate (LiFePO4) batteries and accessories, catering to recreational vehicles, marine applications, Light EV, and residential energy storage [4] - The company's lithium-ion batteries are significantly lighter than standard lead-acid batteries, providing three times the power and ten times the charging cycles [5] - Expion360 batteries are constructed with superior materials, ensuring better performance and safety, and are available through over 300 dealers and OEMs across the country [6]

Core Insights - Expion360 Inc. has appointed Shawna Bowin as the new Chief Financial Officer, succeeding Brian Schaffner, who held the position on an interim basis while also serving as CEO [1][3] Company Overview - Expion360 is a leader in lithium-ion battery power storage, specializing in premium lithium iron phosphate (LiFePO4) batteries and accessories for various applications including recreational vehicles, marine, light electric vehicles, and residential energy storage [4][5] Leadership Background - Shawna Bowin has over 20 years of experience in accounting, having joined Expion360 in 2022 as a Senior Accountant and later serving as Controller since February 2025 [2][3] - Bowin's previous roles include Accounting Manager at Hodge Western Corp. and positions at JTS Animal Bedding and American Licorice Company [2] Product Features - Expion360's lithium-ion batteries are noted for being half the weight of standard lead-acid batteries while providing three times the power and ten times the number of charging cycles [5] - The batteries are designed with superior materials and construction, ensuring better reliability and performance compared to competitors [5] Distribution and Market Presence - Expion360's products are available through over 300 dealers, wholesalers, private-label customers, and OEMs across the United States [6]