The following is a summary of the Expion360 Inc. (XPON) Q2 2024 Earnings Call Transcript:

Financial Performance:

• In Q2 2024, Expion360 reported revenue of $1.3 million, a decrease of 26% year-over-year, due to downturn in the RV market and anticipation of new product availability.

• Gross profit was $300,000, representing 25.5% of revenue, a slight decrease from the previous year due to higher fixed overhead costs per unit.

• Net loss increased to $2.2 million, or $0.30 per share, primarily due to lower sales and non-cash stock-based compensation expense.

Business Progress:

• Introduced new product features including proprietary vertical heat conduction technology, SmartTalk Bluetooth, and CAN Bus communication.

• Announced substantial pre-orders for next-generation batteries which began shipping in May.

• Expanded product offerings through e-commerce retail partnership with Tractor Supply Company and collaboration with K-Z Recreational Vehicles.

• Closed a public offering raising approximately $10 million, with funds to support commercialization of home energy storage solutions.

Opportunities:

• Targeting expansion into Home Energy Storage and Light Electric Vehicle markets.

• Potential market size for Home Energy Storage is expected to surpass $123 billion globally by 2029.

Risks:

• Dependence on RV market recovery and OEM market penetration for growth.

• Exposure to fluctuations in material cost and supply chain disruptions affecting production and delivery timelines.

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