Expion360 Q1 net sales down 24% to $1.6M; net loss widens to $1.8M

Expion360 Inc.

Net sales $1.6M, down 24% YoY; net loss $1.8M vs $1.2M in Q1 2025.
Gross profit $0.4M (25% margin) down 21% YoY; gross margin improved from 24%.
Cash $3.1M, working capital $5.6M, equity $6.0M; operating cash burn $1.1M.
Entered strategic partnership for DASGen Hybrid Energy Storage System targeting industrial market.
Plans to launch three next-gen battery models in H2 2026.

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