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]

Financial Performance & Highlights - Expion360's revenue increased to $2 million in Q1 2025, compared to $1 million in Q1 2024[47] - Gross profit increased to $05 million in Q1 2025, compared to $02 million in Q1 2024[47] - Gross margin increased to 245% in Q1 2025, compared to 229% in Q1 2024[47] - Net loss decreased to $(12) million in Q1 2025, compared to $(22) million in Q1 2024[47] - The company closed a $26 million registered direct offering in January 2025[20, 47] Strategic Initiatives & Market Positioning - Began fulfilling purchase orders for Home Energy Storage Solutions ("HESS") in January 2025[20, 26] - Exploring a potential collaboration with NeoVolta Inc to engineer a state-of-the-art battery manufacturing facility[20] - RV industry shipments increased 14% in the first quarter of 2025[48] Technology & Product Development - e360 12 volt 450 Ah battery features new proprietary anode/cathode design that increases energy density by >32%[29] - The company has 11 patents pending across its five market segments[23]