24/7 Market News Snapshot 02 January, 2025 – Expion360 Inc. Common Stock (NASDAQ:XPON)

January 2, 2025

DENVER, Colo., 02 January, 2025 (247marketnews.com) – (NASDAQ:XPON) are discussed in this article.
Expion360 Inc. (XPON) is experiencing a notable surge in the pre-market trading session, with shares reaching $4.068, which represents an impressive increase of 70.21% from the prior closing price of $2.390. This significant uptick signals strong investor confidence and excitement surrounding the company’s future prospects. With a current trading volume of 5.58 million shares, the momentum is palpable, as traders eagerly respond to the positive developments in the market. Analysts are actively monitoring XPON, predicting further growth potential as conditions become increasingly favorable for electric solutions.

In addition to the rising stock prices, Expion360 has reported preliminary financial results for the fourth quarter of 2024, showcasing a promising growth trajectory. The company anticipates revenues between $1.8 million and $2.0 million, a commendable increase from $1.4 million in the prior quarter. Furthermore, the projected gross profit for this period stands between $350,000 and $450,000, which is a significant rise from $205,000 year-over-year. The expected net loss is also narrowing, now estimated at between $450,000 and $350,000, a substantial improvement from the $2.2 million loss reported in the same quarter last year.

CEO Brian Schaffner expressed optimism regarding the company’s trajectory, stating that the fourth-quarter results demonstrate effective initiatives to enhance Original Equipment Manufacturer (OEM) relationships and expand the company’s distribution networks. With a strategic entry into the home energy storage sector set for January 2025, Expion360 is well-positioned to capitalize on the growing demand for cutting-edge battery technology. A comprehensive financial report detailing the full results for the fourth quarter and the year ending December 31, 2024, is scheduled for release in March 2025, offering deeper insights into the company’s strategic direction and operational performance.

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