secwatch.observer — SEC 8-K summary
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Issuer:     Expion360 Inc. (XPON)
CIK:        0001894954
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001903596-24-000169
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000169/0001903596-24-000169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000169/xpon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-24-000169

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