Expion360 Inc. designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It also provides various models of industrial tiedowns; battery monitors; terminal blocks; and bus bars. The company also engages in the development of e360 Home Energy Storage systems. It serves dealers, wholesalers, and original equipment manufacturers in the United States and internationally. The company was formerly known as Yozamp Products Company, LLC and changed its name to Expion360 Inc. in November 2021. Expion360 Inc. was founded in 2016 and is headquartered in Redmond, Oregon.
IPO Year: 2022
Exchange: NASDAQ
Website: https://www.expion360.com
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SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ:NEOV) ("NeoVolta"), a leading innovator in energy storage solutions, is excited to announce the execution of a non-binding letter of intent ("LOI") with Expion360 Inc. (NASDAQ:XPON) ("Expion360"), a renowned expert in battery design and engineering, and an industry leader in lithium-ion battery power storage solutions. The LOI provides the framework for a potential collaboration that aims to leverage the parties' shared resources to engineer a state-of-the-art battery manufacturing facility and develop innovative lithium-ion battery cell and module product designs, marking a significant milestone in the production of Ameri
New Organizational Structure Builds on Co-Founder's Success and Positions Company for Next Phase of Growth CycleREDMOND, OR / ACCESSWIRE / December 28, 2023 / Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, today announced that its Chief Business Development Officer, Co-Founder, and former Chief Executive Officer, John Yozamp, will retire from his current role and transition to a new role as an independent sales representative for the Company on January 1, 2024, following a series of internal changes to management and the Board of Directors implemented this year.In January 2023, Brian Schaffner was appointed Chie
REDMOND, OR / ACCESSWIRE / November 9, 2023 / Expion360, Inc. (NASDAQ:XPON), an industry leader in lithium-ion battery power storage solutions, reported results for the three months ended September 30, 2023. All third quarter 2023 comparisons are to the same year-ago period unless otherwise noted.Q3 2023 Financial HighlightsRevenues totaled $1.9 million, up 10% sequentially and up 37% from the same year-ago period.Gross profit increased 17% to $473,000.Net loss totaled $1.8 million compared to a loss of $1.3 million in the same year-ago quarter as the company continued to invest in new product development and launches.Q3 2023 Operational HighlightsExpanded sales and distribution partnership
REDMOND, OR / ACCESSWIRE / August 24, 2023 / Expion360, Inc. (NASDAQ:XPON), an industry leader in lithium-ion battery power storage solutions, has appointed tech industry veteran, innovator and business leader, Tien Q. Nguyen, to its board of directors.Nguyen brings to Expion360 more than 30 years of entrepreneurial and senior-level experience in driving innovation in electrical technology, including product financing, engineering, development, and commercialization.He has founded and served as CEO, chairman and director for companies across a range of industries, from energy storage and wireless semiconductors to AI software, including a number of successful exits. This includes co-founding
REDMOND, OR / ACCESSWIRE / May 19, 2022 / Expion360, Inc. (NASDAQ:XPON), which is focused on the design, assembly, manufacturing and sales of lithium-ion phosphate batteries and supporting accessories for recreational vehicles and marine applications, has promoted Greg Aydelott to chief accounting officer. In this new position, he will oversee the company's day-to-day accounting operations, together with the CFO, and support financial reporting.Aydelott has served as the company's controller since February and brings to the CAO position more than two decades of experience in financial management and operations, including experience in the areas of accounting, budgeting, business development
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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 warrants to purchase Common Stock (the "Warrants"). Aggregate gross proceeds to the Company from both transactions were approximately $2.6 million. The transactions closed on January 3,
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 Company also agreed to sell to the same investors warrants to purchase Common Stock (the "Warrants"). Aggregate gross proceeds to the Company from both transactions are expected to be approxi
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 from $1.4 million in Q3 2024.Preliminary, unaudited gross profit for Q4 2024 is expected to be in the range of approximately $350,000 to $450,000, compared to gross profit of $205,000 in
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, announced today that it has begun distribution of its e360 Home Energy Storage Solutions ("HESS"). The Company is beginning to fulfill purchase orders for its HESS to Wellspring Solar ("Wellspring"), a division of Wellspring Components, which has served as a key partner to Expion360 in connection with the HESS pilot program and testing and provided expertise regarding HESS system development. A Media Snippet accompanying this announcement is available by clicking on this link. The LiFePO4 battery HESS enables re
REDMOND, Ore., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, announced today the resignation of Greg Aydelott, Chief Financial Officer of the Company, effective December 31, 2024, due to family health concerns. Mr. Aydelott intends to remain available to the Company on an ongoing basis as a consultant to ensure a smooth transition. The Company's Board of Directors has appointed the Company's Chief Executive Officer, Brian Schaffner, as interim Chief Financial Officer, and Principal Financial and Accounting Officer, effective December 31, 2024, and is conducting a search proc
SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ:NEOV) ("NeoVolta"), a leading innovator in energy storage solutions, is excited to announce the execution of a non-binding letter of intent ("LOI") with Expion360 Inc. (NASDAQ:XPON) ("Expion360"), a renowned expert in battery design and engineering, and an industry leader in lithium-ion battery power storage solutions. The LOI provides the framework for a potential collaboration that aims to leverage the parties' shared resources to engineer a state-of-the-art battery manufacturing facility and develop innovative lithium-ion battery cell and module product designs, marking a significant milestone in the production of Ameri
New Relationships Projected to Add Significant Incremental Revenue for Q4 2024 and an Estimated $5.0 Million in Incremental Revenue for Fiscal Year 2025 REDMOND, Ore., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, today announced significant growth within its OEM and distribution network. In addition to strengthening our relationships with existing OEM partners, we have recently added several new OEMs and one new distributor, following our team's attendance at the Elkhart RV Dealer Open House in September and resulting from our ongoing sales efforts to expand our customer ba
Q3 Sequential Revenue Growth of 8.7% Driven by New Products and Technologies Seven New OEM and Distributor Relationships to Equip New Campers and RVs with Advanced Lithium-Ion Batteries Closed $10 Million Underwritten Public Offering to Advance Commercialization of Home Energy Storage Solutions and Pursue Key Growth Initiatives REDMOND, Ore., Nov. 14, 2024 (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 third quarter ended September 30, 2024. Third Quarter & Subsequent 2024 Financial & Operational Highlights Q3 2024 revenue to
REDMOND, Ore., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, will attend the LD Micro Main Event XVII Conference being held at the Luxe Sunset Blvd Hotel in Los Angeles, CA October 29 - 30, 2024. Expion360 Chief Executive Officer Brian Schaffner will conduct in-person one-on-one meetings during the conference to discuss its new products and technologies initiatives, including its Home Energy Storage Solutions, and expanding partnerships with Recreational Vehicle OEMs. Mr. Schaffner will also host a presentation which can be viewed live and via replay at the webcast registrat
REDMOND, Ore., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, today announced that its Board of Directors authorized the stockholders approved 1-for-100 reverse stock split (the "Reverse Stock Split") of its common stock, par value $0.001 per share (the "Common Stock"). The Reverse Stock Split will become effective at 5:00 p.m. Pacific Time on October 8, 2024 (the "Effective Time"). The Common Stock will continue to trade on The Nasdaq Capital Market under the symbol "XPON" and will begin trading on a post-split basis when the market opens on October 9, 2024. The new CUSIP nu
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 from $1.4 million in Q3 2024.Preliminary, unaudited gross profit for Q4 2024 is expected to be in the range of approximately $350,000 to $450,000, compared to gross profit of $205,000 in
REDMOND, Ore., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, will hold a conference call on Wednesday, August 14, 2024 at 4:30 p.m. Eastern Time to discuss its financial results for the second quarter ended June 30, 2024 and review ongoing initiatives and anticipated 2024 milestones. A press release detailing these results will be issued prior to the call. Brian Schaffner, Chief Executive Officer, and Greg Aydelott, Chief Financial Officer, of Expion360 will host the conference call, followed by a question-and-answer period. The conference call will be accompanied by a prese
Positioned for Increased Market Share & Revenue Growth with New Products and Technologies Substantial Preorders of Next Generation Group 27 and GC2 Batteries that Now Include Proprietary Vertical Heat Conduction™ Internal Heating Technology 2024 Anticipated Milestones Include: New Strategic Partnerships, OEM Expansion and Disruptive Product Launches Across Multiple Market Segments REDMOND, Ore., May 14, 2024 (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 first quarter ended March 31, 2024. First Quarter & Subsequent 2024 Finan
REDMOND, Ore., May 03, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, will hold a conference call on Tuesday, May 14, 2024 at 4:30 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2024 and review ongoing initiatives and anticipated 2024 milestones. A press release detailing these results will be issued prior to the call. Brian Schaffner, Chief Executive Officer, and Greg Aydelott, Chief Financial Officer, of Expion360 will host the conference call, followed by a question-and-answer period. The conference call will be accompanied by a presentatio
Innovative New Products & Customization Form Factors with Leading RV OEMs Expected to Position Company for Increased Market Share & Revenue Growth in 2024 Fortified Balance Sheet Enables Company to Expand Revenue Profile with Newly Launched Home Energy Storage Systems (ESS) 2024 Anticipated Milestones Include: New Strategic Partnerships, OEM Expansion and Disruptive Product Launches Across Multiple Market Segments REDMOND, Ore., March 28, 2024 (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 full year ended Dec
REDMOND, Ore., March 12, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, will hold a conference call on Thursday, March 28, 2024 at 4:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and full fiscal year ended December 31, 2023 and review ongoing initiatives and anticipated 2024 milestones. A press release detailing these results will be issued prior to the call. Brian Schaffner, Chief Executive Officer, and Greg Aydelott, Chief Financial Officer, of Expion360 will host the conference call, followed by a question-and-answer period. The conference call wi
REDMOND, Ore., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, today issued a letter to its stockholders from Brian Schaffner, Chief Executive Officer. Expion360 CEO Brian Schaffner Dear Stockholders, 2023 was a year of diversification and expansion for Expion360, underscored by exciting new products, market categories and technology innovation. Sales for our product offerings were driven by expanded distribution partnerships and OEM market penetration. Throughout the year, our focus was on developing new products, including our new home energy storage systems (ESS), which l