Expion360 Inc. reported its financial and operational results for the second quarter ended June 30, 2025. Net sales for the quarter totaled $3.0 million, a 134% increase from $1.3 million in the prior year period, marking the sixth consecutive quarter of sales growth.
Gross profit for Q2 2025 was $0.6 million, or 21% of sales, compared to 25% in Q2 2024, with the decrease attributed to product mix and ongoing tariff uncertainty. Selling, general and administrative (SG&A) expenses decreased significantly as a percentage of sales, from 157% in Q2 2024 to 66% in Q2 2025.
The net loss for Q2 2025 improved by 38% to $1.4 million, compared to $2.2 million in the prior year period, driven by higher net sales and relatively flat SG&A expenses. For the first half of 2025, net sales increased 124% to $5.0 million, and net loss improved 43% to $2.5 million.
Cash and cash equivalents totaled $0.7 million as of June 30, 2025, and net cash used in operating activities for the first half of 2025 improved to $1.6 million from $3.4 million in the prior year period. The company also announced that one of its Home Energy Storage Solutions products achieved UL9540 certification, with a second in final stages.
Expion360 successfully regained compliance with the Nasdaq minimum bid price requirement, with its common stock closing above $1.00 per share for more than ten consecutive trading days. This ensures the company's continued listing and trading on The Nasdaq Capital Market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.