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Expion360 reports Q1 sales drop 24% but plans new battery launches and industrial market expansion

Company Fundamentals
15 May 2026
GlobeNewsWire
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Neutral
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Expion360 reported a 24% decline in net sales to $1.6 million in Q1 2026, mainly due to discontinuing low-margin accessories and high OEM inventory levels. Despite lower sales, gross margin improved slightly, and the company remains focused on launching three next-generation lithium battery models in H2 2026 targeting industrial markets. Expion360 also entered a strategic partnership to launch the DASGen Hybrid Energy Storage System for construction sites, signaling expansion beyond recreational sectors. Management expects normalized demand and continued growth through new products, partnerships, and market diversification.

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