Expion360 Reports Strong Q1 2025 Revenue Growth

Expion360, Inc. ( (XPON) ) has released its Q1 earnings. Here is a breakdown of the information Expion360, Inc. presented to its investors.

Expion360, Inc., headquartered in Redmond, Oregon, is a leading provider of premium lithium iron phosphate batteries and accessories designed for recreational vehicles, marine applications, light electric vehicles, and residential energy storage. The company is recognized for its lightweight, high-performance battery solutions that offer superior reliability and longevity compared to traditional lead-acid batteries.

In its first quarter of 2025, Expion360 reported a significant revenue increase of 111% year-over-year, reaching $2.0 million. This marks the company’s fifth consecutive quarter of revenue growth, driven by the introduction of new products and technologies, including the launch of its e360 Home Energy Storage Solutions (HESS).

Key financial highlights from the quarter include a gross profit of $0.5 million, representing 25% of revenue, and a notable reduction in selling, general, and administrative expenses by 25% compared to the previous year. The company also reported a net loss of $1.2 million, a 48% improvement from the same period last year, attributed to increased sales and reduced operational costs.

Expion360’s strategic initiatives include expanding its product portfolio and strengthening its supply chain to mitigate tariffs. The company is also exploring a potential collaboration with NeoVolta to establish a U.S.-based battery manufacturing facility. With a recent $2.6 million direct offering, Expion360 is well-positioned to pursue growth opportunities and expand its market presence.

Looking ahead, Expion360’s management remains optimistic about continued growth, supported by a robust balance sheet and strong demand for its innovative energy storage solutions. The company aims to further develop its HESS products and secure additional OEM partnerships and distributor relationships, anticipating sustained revenue growth in the coming quarters.