Expion360 Inc., an industry leader in lithium-ion battery power storage solutions, reported its financial and operational results for the second quarter ended June 30.
Preliminary Second Quarter 2025 Highlights
The company expects to report the following financial information for the second quarter ended June 30, unless otherwise noted:
- Record quarterly revenue of $3.0 million, up 134% from the prior year period and 46% sequentially
- Revenue of $5.0 million for the first half of 2025, up 124% from the prior year period
- Sixth consecutive quarter of revenue growth
- Gross profit increased 91% from the prior year period to $623 thousand
- Operating cash burn improved 52% for the first half of 2025 compared to the prior year period, with net cash used in operating activities down to $1.6 million
Management Commentary
“The second quarter of 2025 marked another inflection point in our growth trajectory, and reflects a meaningful recovery of demand in the RV market, combined with expanded outreach to original equipment manufacturers and successful onboarding of new customers,” said Brian Schaffner, chief executive officer and interim chief financial officer of Expion360. “This performance was highlighted by two of the most successful sales months in our history, providing exceptional top-line momentum. Our strong quarterly performance reflected both sustained organic demand from our nationwide network of over 300 dealer and distributor partners, and increasing adoption of our newer battery models and related technologies. It underscores the tangible traction we’re seeing from investments in product innovation, and from our continued engagement with original equipment manufacturers. Importantly, we also improved cash efficiency, reducing net cash used in operating activities to less than 50% for the first half of 2025 as it was in the same period last year.
“As we look ahead, we believe we are well-positioned to deepen customer adoption across our product portfolio and execute our strategic growth initiatives. We remain focused on expanding distribution and advancing our lithium-ion battery technology,” concluded Schaffner.
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