Expion360 Q3 revenue up 37% to $1.9M; net loss widens to $1.8M

Expion360 Inc.

2024-Q3 EPS reported -$76.62 vs consensus -$20.40 ▼ miss (-275.6%)

Revenue $1.9M (+37% YoY); net loss $1.8M ($0.26 loss per share) vs $1.3M loss ($0.19) in Q3 2022.
Gross margin fell to 25.0% from 29.1% due to product mix, tooling/molds, and warehouse capacity.
SG&A rose to $2.3M from $1.7M, driven by legal/professional, R&D, and salary increases.
Cash $2.9M (down from $3.6M at June 30); inventory $4.3M; cash burn continues.
Expanded distribution with Meyer Distributing; new 450 Ah battery; home energy pilot with REPM starts Q1 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Expion360 Inc. reported the three months ended September 30, 2023 results: revenue $1.9 million, net income Net loss totaled $1.8 million.

Period: the three months ended September 30, 2023
Revenue: $1.9 million
Net income: Net loss totaled $1.8 million
Result: reported results

Exact text from the filing

months ended September 30, 2023. All third quarter 2023 comparisons are to the same year-ago period unless otherwise noted. Q3 2023 Financial Highlights · Revenues 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

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Expion360 Inc. filing history →

Source: SEC EDGAR

accession 0001903596-23-000854

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