Quarterly ResultMay 15, 2026, 04:27 PM
Expion360 Q1 Net Sales Down 24% to $1.6M; Net Loss $1.8M
AI Summary
Expion360 reported a 24% decrease in Q1 2026 net sales to $1.6 million and a net loss of $1.8 million, compared to a $1.2 million net loss in the prior year. Gross profit also declined by 21% to $0.4 million. The company attributed the sales decline to discontinuing low-margin accessories and elevated OEM customer inventory, which is expected to normalize in Q2 2026. Expion360 also announced a strategic partnership for the DASGen Hybrid Energy Storage System, marking its entry into the industrial market, and plans to launch three new battery models in H2 2026.
Key Highlights
- Net sales decreased 24% to $1.6 million for Q1 2026, from $2.0 million in Q1 2025.
- Gross profit fell 21% to $0.4 million, representing 25% of net sales.
- Net loss for Q1 2026 was $1.8 million, compared to a $1.2 million net loss in Q1 2025.
- Net loss per share was $(0.17) for Q1 2026, compared to $(0.37) in Q1 2025.
- Cash and cash equivalents increased to $3.1 million as of March 31, 2026, from $3.0 million at year-end 2025.
- Entered a strategic partnership for the DASGen Hybrid Energy Storage System, entering the industrial market.
- Announced three next-generation battery models for commercial availability in H2 2026.
Price Impact
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