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]

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].

Core Points - Redodo is offering significant discounts of up to 70% on its products during the Black Friday and Cyber Monday sales, with additional limited-time discount codes available [1][5] - The company promotes a special deal where customers can buy four batteries and receive a fifth one for free, limited to the first five customers [1][3] - Redodo provides high-quality free gifts based on order value, enhancing the overall shopping experience [3][4] Product Offerings - The company features a range of bestselling LiFePO4 batteries with substantial price reductions, such as the 12V 100Ah battery reduced from €289.99 to €209.99 [6] - Additional models include the 12V 100Ah H190 Bluetooth battery, now priced at €235.99, and the 24V 100Ah battery, reduced to €369.99 [6] - Free chargers and battery monitors are offered with larger purchases, incentivizing higher order values [7] Company Overview - Redodo is recognized as a leading brand in the LiFePO4 battery market, emphasizing safety, long runtime, and high energy efficiency [5] - The company caters to various applications, including motorhomes, solar storage, camping, and emergency power solutions [5]

Core Insights - Redodo is launching its October Prime Day Early Sale, offering significant discounts on LiFePO4 batteries from September 22 to October 8, with a 30-day price guarantee [1][12] - The sale includes exclusive deals, member rewards, and promotional gifts, aiming to attract customers before the main Amazon Prime Day event [2][4] Discounts and Promotions - Customers can enjoy discounts of up to 55% sitewide during the Prime Day Sale on October 7-8, with additional 8% off for members and double reward points [2][4] - Special promotions include daily flash deals, gift-with-purchase for orders over $600, and a lucky wheel for additional prizes [4][12] Featured Products and Pricing - Notable battery deals include: - 12V 100Ah LiFePO4 Lithium Battery: Originally $219, now $179 - 12V 300Ah Deep Cycle Lithium Battery: Originally $519, now $493 - 48V 100Ah Golf Cart Lithium Bluetooth Battery: Originally $899, now $788 [5][10][11] Brand Positioning and Market Strategy - Redodo positions itself as a leading brand in the LiFePO4 battery market, focusing on high-performance energy solutions for outdoor activities [15] - The company emphasizes direct shopping benefits, avoiding delays associated with third-party platforms like Amazon [8][12]

Financial Data and Key Metrics Changes - Revenue in Q4 2024 totaled $2 million, an increase of 131% from $0.9 million in the prior year period, primarily due to increased OEM sales [29] - Gross profit in Q4 2024 was $438,552, or 22.1% of revenue, compared to $205,114, or 23.9% of revenue in the prior year, with the decrease attributed to OEM customer discounts [30] - Net loss in Q4 2024 was $251,647, an 88% improvement from a net loss of $2.2 million in the same year-ago period, driven by sales growth [31] - Full year 2024 revenue totaled $5.6 million, a decrease of 6% from $6.0 million in the prior year, mainly due to decreases in the consumer market [32] - Full year 2024 net loss was $13.5 million, compared to a net loss of $7.5 million in the prior year, impacted by a one-time expense related to a warrant feature [35] Business Line Data and Key Metrics Changes - The E360 product line is noted as a preferred conversion solution for lead acid batteries, with significant sales growth and over 300 customers across the U.S. [12] - The home energy storage solutions (HESS) product line is expected to benefit from a fast-growing market, with shipments beginning in January 2025 [14][27] - The RV market is recovering, with September 2024 RV shipments up 7.7% year over year, indicating healthy momentum [20] Market Data and Key Metrics Changes - The home energy market is projected to surpass $123 billion globally by 2029, presenting a significant opportunity for the company [28] - The company anticipates generating incremental revenue of approximately $5 million for fiscal year 2025 from new OEM partnerships and distributors [38] Company Strategy and Development Direction - The company is focused on expanding its distribution channels and leveraging its reputation in the lithium battery space [14] - A partnership with Neovolta is being explored to engineer a U.S.-based battery manufacturing facility, which is timely given recent tariff implementations [15][16] - The company aims to enhance its product offerings and features to penetrate the OEM market further [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory for 2025 and beyond, highlighting new OEM partnerships and the demand for high-quality lithium battery technology [37] - The anticipated revenue growth from new partnerships is expected to increase gross profits by an estimated $1.4 million for fiscal year 2025 [38] Other Important Information - The company closed a registered direct offering in January 2025, with gross proceeds of approximately $2.6 million, intended for working capital and growth initiatives [18] - The company has 11 patents pending, indicating a robust intellectual property portfolio [24] Q&A Session Summary Question: What products and customers drove the performance in Q4? - Revenue growth was driven by expanding and new OEM relationships, with unique product features contributing to this performance [43][44] Question: Can you talk about the gross margin profile in fiscal year 2025? - Historically, the company has operated with gross margins just above 20%, and management believes home energy storage market sales will help increase these levels [45][46] Question: What has been done to hedge risks related to tariffs? - The company brought in more inventory in anticipation of tariffs and worked with suppliers to share the tariff burden, passing some costs to customers [47][48] Question: Any update on new OEM partners and customers? - The company is seeing growth with new OEMs and established relationships, driven by an expanded product line and features [51][52]

As filed with the Securities and Exchange Commission on July 24, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EXPION360 INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction (Primary Standard Industrial (I.R.S. Employer of Incorporation or Organization) Classification Code Number) Identification No.) Nevada 3691 81-2701049 2025 SW Deerhound Ave. Redmond, OR ...

As filed with the Securities and Exchange Commission on January 31, 2024 Registration No. 333-276663 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EXPION360 INC. (Exact name of registrant as specified in its charter) of Incorporation or Organization) Classification Code Number) Identification No.) Nevada 3691 81-2701049 (State or Other Jurisdiction (Primary Standard Industrial (I.R.S. Employer 2025 SW ...

As filed with the Securities and Exchange Commission on January 23, 2024 Registration No. 333- Nevada 3691 81-2701049 (State or Other Jurisdiction (Primary Standard Industrial (I.R.S. Employer of Incorporation or Organization) Classification Code Number) Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EXPION360 INC. (Exact name of registrant as specified in its charter) 2025 SW Deerhound Ave. Redmond, ...