secwatch.observer — SEC 8-K summary
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Issuer:     Expion360 Inc. (XPON)
CIK:        0001894954
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001903596-24-000304
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000304/0001903596-24-000304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000304/xpon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-24-000304

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