secwatch.observer — SEC 8-K summary
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Issuer:     Expion360 Inc. (XPON)
CIK:        0001894954
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001903596-23-000389
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expion360 Q1 revenue $1.5M, net loss $2.0M; secures exclusive OEM deals
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- Revenue $1.5M, up 6% sequentially but down 30% YoY from $2.2M.
- Net loss $2.0M ($0.29/share) vs. $0.7M loss a year ago; includes $552K one-time costs.
- Gross profit $443K (29.4% margin) vs. $862K (40.0%) YoY.
- Cash $5.7M at March 31, 2023, down from $7.2M at Dec 31, 2022.
- Exclusive OEM supplier deals with Xtreme Outdoors and Cube Series; AURA POWERCAP launched.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894954/000190359623000389/0001903596-23-000389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894954/000190359623000389/xpon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000389

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer