---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-24-000304"
form_type: "8-K"
ticker: "XPON"
cik: "0001894954"
company_name: "Expion360 Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:22:26.609324+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001903596-24-000304
- form_type: 8-K
- ticker: XPON
- cik: 0001894954
- company_name: Expion360 Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1894954/000190359624000304/0001903596-24-000304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1894954/000190359624000304/xpon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-24-000304
- JSON: https://secwatch.observer/filing/0001903596-24-000304.json
- Plain text: https://secwatch.observer/filing/0001903596-24-000304.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894954/000190359624000304/0001903596-24-000304-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.