secwatch.observer — SEC 8-K summary
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Issuer:     Expion360 Inc. (XPON)
CIK:        0001894954
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001903596-23-000854
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894954/000190359623000854/0001903596-23-000854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894954/000190359623000854/xpon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000854

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