Expion360 (XPON) Q4 2024 Earnings Call April 01, 2025 01:47 AM ET Company Participants Brian Schaffner - CEO & Interim CFO Operator Greetings, and welcome to the XBien three sixty Fourth Quarter and Full Year twenty twenty four Financial Results Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded and will be available in the Investor Relations section of the company's we ...

Expion360 Inc. (XPON) Q4 2024 Earnings Conference Call March 31, 2025 04:30 PM ET Company Participants Operator - Conference Call OperatorBrian Schaffner - Chief Executive Officer and Interim Chief Financial Officer Conference Call Participants Paul - Analyst (Webcast Question Asker) Operator Greetings and welcome to the XBN 360 fourth quarter and full year 2024 financial results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal p ...

Product Development and Market Focus - Expion360 focuses on lithium iron phosphate (LiFePO4) batteries for RVs, marine applications, and home energy storage, with plans to expand into industrial applications[22]. - The company introduced two LiFePO4 battery storage solutions for home energy storage in December 2023, with shipping starting in January 2025[24][36]. - Expion360's e360 product line has shown strong sales growth, becoming a preferred solution for converting from lead-acid batteries[24]. - The company launched the Edge battery in July 2024, which features a slim design and is available in both 12V and 48V versions[38]. - The e360 SmartTalk mobile app allows users to monitor and manage e360 batteries, enhancing user experience and integration[35]. - The company aims to establish a new standard in the home energy storage market with its e360 solutions, focusing on cost-effectiveness and flexibility[179]. Financial Performance - The company generated net losses of $13.5 million and $7.5 million for the years ended December 31, 2024 and 2023, respectively[75]. - Net sales for the year ended December 31, 2024, decreased by $356,000, or 6.0%, to $5.6 million compared to $6.0 million in 2023[220]. - Cost of sales for the year ended December 31, 2024, increased by $64,000, or 1.5%, to $4.5 million, with cost of sales as a percentage of sales rising by 5.8%[221]. - Gross profit for the year ended December 31, 2024, was $1,155,228, representing 20.5% of net sales, down from 26.3% in 2023[219]. - Selling, general, and administrative expenses for the year ended December 31, 2024, were $7,909,219, or 140.6% of net sales, compared to 146.2% in 2023[219]. - The net loss for the year ended December 31, 2024, was $13,479,475, or 239.6% of net sales, compared to a net loss of $7,456,274, or 124.7% in 2023[219]. Supply Chain and Manufacturing - The company maintains strong relationships with third-party manufacturers in Asia, which helps moderate supply-related costs and avoid shipment delays[48]. - Approximately 82% of inventory purchases in 2024 and 70% in 2023 were made from foreign suppliers in Asia, indicating a high dependency on third-party manufacturers[81]. - The company relies exclusively on foreign manufacturers for lithium-ion batteries, which may lead to delays due to labor unrest or shipping bottlenecks[94]. - Manufacturing is conducted by third-party manufacturers in Asia, with strong relationships helping to moderate supply-related costs[197]. - The company expects products from Asian third-party manufacturers to be subject to additional tariffs in 2025, impacting margins[201]. Regulatory and Compliance Risks - The company has implemented policies and procedures to comply with environmental health and safety regulations, but faces potential regulatory risks[56]. - The company is subject to extensive environmental regulations, which may impose costly compliance requirements and affect operational flexibility[108]. - Compliance with Sarbanes-Oxley and SEC regulations is expected to increase legal and financial compliance costs, diverting management's attention from revenue-generating activities[139][140]. - The company may face challenges in maintaining effective internal control over financial reporting, which could adversely affect its business and stock price[146]. Customer Concentration and Market Risks - Sales to one customer accounted for approximately 14% of gross sales during the year ended December 31, 2024, with four other customers accounting for 60% of accounts receivable[53]. - The company has a significant customer concentration risk, with a limited number of customers accounting for a substantial portion of sales in 2024 and 2023[69]. - Consumer demand is a key factor affecting sales, influenced by macroeconomic conditions, fuel costs, and geopolitical pressures[194]. - Global economic conditions significantly impact the company's operations, with potential volatility in credit markets and consumer spending affecting product demand[95]. Research and Development - The company intends to continue investing in sales and marketing efforts, research and development, and expanding its platform, which may impact near-term profitability[77]. - The company is investing in research and development to scale operations and enhance products, which may require additional debt and equity financing[205][206]. - The company has filed 11 patent applications in the United States, including seven design patents and four utility patents, to protect its proprietary battery technology[54]. Cybersecurity and Data Management - The company maintains a cybersecurity risk management program overseen by the Chief Operating Officer, integrating risk assessments into overall business strategy[155][158]. - The Audit Committee regularly reviews the effectiveness of cybersecurity controls and receives updates on data protection efforts[160]. - The company maintains significant amounts of electronic data, and any compromise or failure in information technology systems could significantly harm operations and reputation[117]. Stock and Financing - The company may need to raise additional funds through new equity securities or debt, which could limit capital requirements and dilute stockholder interests[119]. - The company has lease obligations of approximately $19,600 per month for its headquarters, with a 3.0% annual increase[162]. - A reverse stock split of 1-for-100 was executed on October 8, 2024, affecting the number of shares and exercise prices of outstanding equity awards and warrants[187]. - The company received a staff determination from Nasdaq on September 6, 2024, to delist its common stock, but regained compliance with listing requirements after a successful Reverse Stock Split[133]. - The company does not anticipate paying dividends in the foreseeable future, focusing instead on retaining earnings for business operations and debt repayment[127].

Expion360 Reports Fourth Quarter and Full Year 2024 Financial Results Q4 Sequential Revenue Growth of 43% Driven by New Products and Technologies, and 131% Year over Year New OEM and Distributor Relationships to Equip New Campers and RVs with Advanced Lithium-Ion Batteries Began Shipping e360 Home Energy Storage Solutions REDMOND, OR – March 31, 2024 -- Expion360 Inc. (Nasdaq: XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, today reported its financia ...

Q4 Sequential Revenue Growth of 43% Driven by New Products and Technologies, and 131% Year over Year New OEM and Distributor Relationships to Equip New Campers and RVs with Advanced Lithium-Ion Batteries Began Shipping e360 Home Energy Storage Solutions REDMOND, Ore., March 31, 2025 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, today reported its financial and operational results for the fourth quarter and ...

REDMOND, Ore., March 18, 2025 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) (the "Company"), an industry leader in lithium-ion battery power storage, will hold a conference call on Monday, March 31, 2025, at 4:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2024, and review ongoing initiatives and anticipated 2025 milestones. A press release detailing these results will be issued prior to the call. Expion360 Chief Executive Officer Brian Schaf ...

REDMOND, Ore., March 18, 2025 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (the “Company”), an industry leader in lithium-ion battery power storage, will hold a conference call on Monday, March 31, 2025, at 4:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2024, and review ongoing initiatives and anticipated 2025 milestones. A press release detailing these results will be issued prior to the call. Expion360 Chief Executive Officer Brian Scha ...

REDMOND, Ore., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) (the "Company"), an industry leader in lithium-ion battery power storage solutions, today announced the closing of its previously announced registered direct offering and concurrent private placement with institutional investors. The Company issued shares of Common Stock and pre-funded warrants ("Pre-Funded Warrants") in a registered direct offering. In a concurrent private placement, the Company also issued to the same investors ...

REDMOND, Ore., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (the “Company”), an industry leader in lithium-ion battery power storage solutions, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of shares of its common stock, par value $0.001 per share (“Common Stock”) and pre-funded warrants to purchase Common Stock (each, a “Pre-Funded Warrant”) in a registered direct offering. In a concurrent private placement, the Comp ...

Q4 2024 Revenue in the Range of $1.8 to $2.0 Million REDMOND, Ore., Jan. 02, 2025 (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 fourth quarter ended December 31, 2024. Key Financial Highlights for the Fourth Quarter of 2024 Preliminary, unaudited revenue for Q4 2024 in the range of approximately $1.8 to $2.0 million, up sequentially fr ...