Expion360 Q3 revenue up 4% to $1.4M record, net loss widens to $1.3M

Expion360 Inc.

Revenue rose 4% to record $1.38M in Q3; nine-month revenue up 79% to $5.7M.
Net loss $1.3M ($0.19/share) vs $353K ($0.13) in Q3 2021; nine-month loss $6.1M.
Gross profit $403K (29.1% margin) down from $534K (40.1%) due to facility and labor costs.
Cash $8.1M at Sept 30, down from $10.4M at June 30; $3.3M of nine-month loss non-cash IPO costs.
Shipped new RV Lithium Power Bundle; installed automated assembly line equipment in Oregon.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Expion360 Inc. reported the three and nine months ended September 30, 2022 results: revenue $1.4 million, net income $1.3 million, EPS $(0.19) per share.

Period: the three and nine months ended September 30, 2022
Revenue: $1.4 million
Net income: $1.3 million
EPS: $(0.19) per share
Result: reported results

Exact text from the filing

Revenue increased 4% to a third quarter record of $1.4 million

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Expion360 Inc. filing history →

Source: SEC EDGAR

accession 0001903596-22-000762

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