Expion360 (US:XPON)2025-08-13 20:30Financial Performance & Growth - Expion360 achieved its 6th consecutive quarter of revenue increases, marking two of its most successful sales months[20] - Second Quarter 2025 revenue reached $3 million, compared to $1.3 million in the same period of 2024[47] - For the first six months of 2025, revenue totaled $5 million, up from $2.2 million in the first six months of 2024[47] - Gross profit for the second quarter of 2025 was $0.6 million, compared to $0.3 million in 2024[47] - Gross profit for the first six months of 2025 was $1.1 million, compared to $0.5 million in 2024[47] - The company's cash and cash equivalents stood at $0.7 million as of June 30, 2025, compared to $0.5 million at the end of 2024[47] Strategic Initiatives & Market Expansion - Expion360 commenced shipping e360 Home Energy Storage Solutions (HESS) in January 2025, targeting home and small commercial solar users[26,48] - The company is actively working towards additional OEM market penetration with new major partners[20,48] - Expion360 is diversifying its supply chain and exploring potential sourcing from additional countries to mitigate tariff impacts[20,48] Product Development & Technology - The e360 12 volt 450 Ah battery features a new proprietary anode/cathode design that increases energy density by >32% to reach 4.5 Ah vs traditional 3.4 Ah 26650 cells[29] - Vertical Heat Conduction ("VHC ") internal heating technology is now included in the next generation Group 27 and GC2 12V series batteries[39]