Expion360 Q4 revenue down 40% YoY to $0.9M; net loss widens to $2.2M

Expion360 Inc.

Q4 2023 revenue $0.9M (down 40% from $1.4M); net loss $2.2M vs $1.5M prior year.
FY2023 revenue $6.0M (down 16.5% from $7.2M); net loss $7.5M ($1.08 EPS) vs $7.5M ($1.23 EPS).
Entered home energy storage with two LiFePO4 systems; orders expected Q2 2024, shipments H2 2024.
Secured up to $22.5M in financing from 3i, LP and Tumim Stone Capital for liquidity and growth.
Co-founder John Yozamp retired; UL 1973 compliance achieved for EX1 batteries.

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