earnings
confidence high
sentiment neutral
materiality 0.60
Expion360 Q2 revenue $1.3M down 26% YoY but up 32% sequentially; net loss $2.2M; $10M offering closed
Expion360 Inc.
2024-Q2 EPS
reported -$0.61
vs consensus -$27.54
▲ beat
(+97.8%)
- Revenue $1.3M, down 25.9% YoY from $1.7M but up 32% sequentially from Q1 2024.
- Net loss $2.2M ($0.30 per share) vs $1.5M loss ($0.21 per share) in prior year period.
- Closed $10M underwritten public offering on Aug 8, 2024; 14.6M pre-funded warrants exercised for shares.
- New e-commerce partnership with Tractor Supply and OEM partnership with K-Z RV for battery integration.
- Launched Edge battery and next-gen Group 27/GC2 batteries with VHC heating tech; preorders and deliveries started.