Expion360 Q1 2024 revenue $1.0M, down 35.5% YoY; net loss $2.2M

Expion360 Inc.

2025-Q1 EPS reported -$31.30 revenue$971,859

Revenue $1.0M, down 35.5% YoY from $1.5M; up 13% sequentially from Q4 2023.
Net loss $2.2M ($0.31/share) vs $2.0M ($0.29/share) in Q1 2023.
Gross margin fell to 22.9% from 29.4% due to higher fixed overhead on lower sales.
Cash $2.3M at March 31, 2024; obtained financing commitments up to $22.5M from 3i, LP and Tumim Stone.
Received preorders for new Group 27/GC2 batteries with VHC heating; deliveries started May 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 0.95

Expion360 Inc. reported the first quarter ended March 31, 2024 results: revenue $1.0 million, net income $2.2 million, EPS $(0.31) per share.

Period: the first quarter ended March 31, 2024
Revenue: $1.0 million
Net income: $2.2 million
EPS: $(0.31) per share
Result: reported results

Exact text from the filing

its financial and operational results for the first quarter ended March 31, 2024. First Quarter & Subsequent 2024 Financial & Operational Highlights · Q1 2024 Revenue totaled $1.0 million, up 13% sequentially from Q4 2023. · Q1 2024 Net loss totaled $2.2 million compared to a net loss of $2.0 million in the prior year period as the Company continued to invest in

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Source: SEC EDGAR

accession 0001903596-24-000304

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