XPON News & Events

Reports revenue $9.7M vs. $5.6M last year. "The year ended December 31, 2025 was highlighted by improved revenue and gross profit, driven by strong product sales of our next-generation technologies and batteries," Joseph Hammer, Chief Executive Officer and Chairman of the Board of Directors of Expion360. "Net sales grew 72% to $9.7 million in 2025 compared to $5.6 million in 2024. Gross profit rose by 16% to $1.3 million in 2025 compared to $1.2 million in 2024. Sales improved for our premium LiFePO4 batteries and accessories on strong demand as the RV market continued to gain momentum, and from our expanded outreach to OEMs and successful onboarding of new customers. "Moving into 2026, we remain focused on the expansion of our technology with the launch of three new next generation lithium battery models and entry into the industrial market, which has been one of our strategic targets for expanding into adjacent verticals. These new models are expected to be commercially available in the second half of 2026 and build on our established presence in the RV and marine markets while addressing the growing demand for higher energy density, fully-featured battery systems in industrial and commercial applications. The batteries are expected to be offered to customers at a lower cost than current equivalent models, while delivering higher capacity and improved performance. At the same time, the updated designs are expected to improve internal cost structure and margins, enabling increased reinvestment in product development and long-term customer value. "We also recently partnered with Dealer Accessory Supply to launch the DASGen Hybrid Energy Storage System, an energy storage solution intended for use on construction and industrial job sites. The system will be powered by Expion360 battery technology and is designed to operate as an energy buffer between diesel generators and jobsite electrical loads. The system is intended to store and deploy energy based on load requirements, which may allow generators to operate fewer hours and at higher efficiency, depending on site conditions and usage patterns. With successful results from test-site performance and early interest from leading construction firms, we look forward to offering the system to end customers through our commercial sales organization. "Our technology roadmap includes plans to expand our portfolio and explore the development of potential new revenue streams, including higher-density lithium-ion and LiFePO4 chemistries, modular platforms, and enhanced battery management systems aimed at improving safety, longevity, and overall cost efficiency for mobile and off-grid applications. We are also developing specialized energy storage solutions intended to be suitable for use in surveillance and monitoring applications. Development efforts continue to focus on next-generation storage technologies that may help lower costs, improve energy density, and support scalable manufacturing. We may also consider selective acquisitions and partnerships in power electronics and energy management as potential ways to strengthen vertical integration. "Looking ahead, we are exploring new opportunities in the industrial and construction sectors. Our near-term priorities include expanding OEM market penetration through additional partnerships as well as the introduction of new battery features, technologies, and form factors aligned with OEM requirements. Across our end markets, we remain focused on innovation, thoughtful margin improvement, and measured growth in areas where we believe there is consistent demand and long-term growth opportunities."

Expion360 and Dealer Accessory Supply announced that the parties have entered into a strategic partnership related to the launch of the DASGen Hybrid Energy Storage System. "This partnership highlights Expion360's entry into the industrial space, which has been one of our strategic targets for expanding into adjacent verticals," said Carson Heagen, Chief Operating Officer of Expion360. "DASGen is designed to address generator utilization challenges commonly observed on construction sites and we are excited to partner with Dealer Accessory Supply to bring this solution to market. By integrating Expion360's lithium iron phosphate battery technology with DAS's hybrid system architecture, DASGen is intended to support reduced generator runtime while maintaining operational continuity."

Expion360 announced the upcoming release of three next-generation battery models, with commercial availability expected in the second half of 2026. The new product lineup includes:Group 27 - 12.8V 140Ah; GC2H - 12.8V 180Ah; EX1 - 12.8V 420Ah. "These new battery platforms are designed to support the markets we know well, while also having the versatility of use in a broader set of industrial and commercial applications," said Carson Heagen, Chief Operating Officer of Expion360. "By improving energy density, system efficiency, and manufacturability, we're delivering solutions that have the capacity to scale beyond traditional use cases and meet the demands of more complex, power-critical environments."

Expion360 issued a letter to its stockholders from Joseph Hammer, Chief Executive Officer and Chairman of the Board of Directors. "Throughout 2025 we continued to build on our growth strategy and leadership position in premium lithium iron phosphate batteries with next generation battery products and technologies. Importantly, the year also marked an intentional period of transition, as we strengthened our leadership team and took decisive steps to improve our financial foundation. We delivered sequential revenue growth, improved gross margins, and made meaningful progress toward a more durable balance sheet, positioning the Company for disciplined execution in 2026... During the year we continued to focus on product sales growth for our next-generation technologies and batteries. Our results demonstrated a meaningful recovery of demand in the RV market, combined with expanded outreach to OEMs and successful onboarding of new customers... Net sales and gross profit for the nine months ended September 30, 2025 were more than double our net sales for the same period in 2024, with net sales of $7.4 million compared to $3.6 million in the prior period... During the year we took several steps to opportunistically strengthen our balance sheet, supporting execution of key milestones and growth initiatives... Based on investor confidence in our future, as well as balanced financial discipline, we are confident that we have the cash runway to advance into our next phase of growth... With a strengthened leadership team and improved financial position, we believe 2026 will be a milestone year for Expion360. We are entering the year supported by growing demand for our portfolio of innovative LiFePO4 batteries and accessories across an expanding base of distribution partners and OEMs. We expect to build on a pipeline supported by steady, recurring orders and momentum from new relationships developed throughout 2025... With these developments, we believe we are well-positioned to further enhance our market presence and continue delivering advanced energy solutions that meet the unique needs of customers. We enter 2026 with a strengthened leadership team, improved financial position, and a clear strategic focus. "