Expion360 CEO Brian Schaffner Resigns; Joseph Hammer Appointed as Successor
Leadership Changes: Expion360 Inc. announced the resignation of CEO Brian Schaffner and President Paul Shoun, with Joseph Hammer appointed to both roles effective October 16.
New Executive Background: Joseph Hammer brings over 20 years of financial executive experience, previously serving as Chief Investing Officer at LHX Corp.
Stock Performance: Following the leadership changes, Expion360 shares are trading at $1.37, reflecting a 0.74% increase in premarket activity on the Nasdaq.
Disclaimer: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
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Expion360 Unveils Next-Gen Battery Models for Broader Market Adoption
- New Battery Models Launch: Expion360 announced the upcoming release of three next-generation battery models in the second half of 2026, with Group 27's capacity increasing from 132Ah to 140Ah (approximately 6% increase) and GC2H from 162Ah to 180Ah (approximately 11% increase), enhancing competitiveness in industrial and commercial applications.
- Technological Innovations: The new models feature VHC™ internal heating technology for reliable performance in cold environments and support RV-C CAN Bus communication, expanding smart functionality to meet the growing demand for high energy density battery systems, particularly in mission-critical surveillance and remote monitoring sectors.
- Cost Efficiency Improvement: The new batteries are expected to be offered at a lower price than current equivalent models while delivering higher capacity and performance, with updated designs aimed at improving internal cost structure and margins, enabling reinvestment in product development and long-term customer value.
- Market Expansion Potential: Expion360's new battery platforms are designed to support traditional markets in recreational vehicles and marine applications while also providing versatility for broader industrial and commercial applications, addressing more complex power needs and strategically positioning the company in the rapidly evolving battery market.
Meta Platforms Reports Strong Q4 Earnings, Shares Surge
- Strong Financial Results: Meta reported fourth-quarter revenue of $59.89 billion, exceeding analyst expectations of $58.30 billion, indicating robust performance in the recovering advertising market, which is likely to drive further stock price increases.
- Earnings Growth: The company posted adjusted earnings of $8.88 per share, surpassing the forecast of $8.16 per share, reflecting significant improvements in cost control and operational efficiency, thereby boosting investor confidence.
- Stock Price Surge: Following the earnings report, Meta's shares jumped 8.2% in pre-market trading to $723.70, indicating a positive market sentiment towards the company's growth prospects, which may attract more investor interest.
- Optimistic Sales Guidance: Meta's first-quarter sales guidance exceeded market expectations, further solidifying its leadership position in the digital advertising space and suggesting continued benefits from the recovery in advertising spending.
Expion360 Reports Significant Improvement in Preliminary Financial Results
- Revenue Nearly Doubles: Expion360 reported preliminary unaudited revenue of $9.6 million for 2025, up $4 million from $5.6 million in 2024, indicating significant progress in market demand and enhancing future growth potential.
- Gross Profit Improvement: The gross profit for 2025 reached $2.2 million, an increase of $1 million compared to $1.2 million in 2024, reflecting positive outcomes in cost control and pricing strategies, thereby improving overall profitability.
- Cash Flow Enhancement: The company's cash balance improved from $0.5 million in 2024 to $3 million in 2025, an increase of $2.5 million, which strengthens financial stability and provides robust support for future expansion and investments.
- Expansion Plans: CEO Joseph Hammer stated that in 2026, the company will expand into industrial and construction sectors and develop specialized energy storage solutions, demonstrating a strategic commitment to diversifying revenue sources and market expansion.
RLX Technology Shares Rise 6%; Check Out 20 Stocks Making Moves in Premarket Trading
RLX Technology Inc Performance: RLX Technology's shares rose 6% to $2.47 in pre-market trading after reporting third-quarter earnings of 3 cents per share and $158.6 million in sales.
Notable Gainers: Cidara Therapeutics surged 92% to $203.50 following a significant ownership disclosure, while other companies like Binah Capital Group and Expion360 also saw substantial pre-market gains.
Significant Losers: TSS Inc experienced a 40.2% drop to $9.10 after reporting a year-over-year decline in financial results, with enVVeno Medical Corp and Nuvve Holding Corp also facing significant losses.
Market Overview: The pre-market trading session showed a mix of gains and losses among various stocks, reflecting varied financial performances and investor reactions to earnings reports.
What Factors Are Causing Expion360's (XPON) Stock to Surge More Than 28% in After-Hours Trading?
Stock Surge: Expion360 Inc. shares rose 28.35% to $1.63 in after-hours trading following a strong third-quarter earnings report, with a closing price of $1.27 on Thursday.
Revenue Growth: The company reported net sales of $2.4 million for the quarter ending September 30, a 72% increase year-over-year, and a net profit of $0.7 million, reversing a loss from the previous year.
Leadership Changes: Expion360 appointed Joseph Hammer as CEO and Board Chairman and regained compliance with Nasdaq listing requirements on September 17.
Financial Position: As of September 30, the company had $4.3 million in cash, a significant increase in working capital, and stockholders' equity rose to $9 million, despite a 63.2% decline in stock value over the past year.
Expion360 Reports GAAP EPS of $0.10 and Revenue of $2.39 Million
Q3 Financial Performance: Expion360 reported a GAAP EPS of $0.10 and revenue of $2.39 million, reflecting a 71.9% year-over-year increase.
Leadership Changes: The company has appointed Joseph Hammer as CEO and Shawna Bowin as CFO.
Seeking Alpha Rating: Expion360 has received a Quant Rating from Seeking Alpha, indicating market analysis on its performance.
Company Overview: Expion360 is focused on innovative solutions in the energy sector, with recent developments highlighting its growth and leadership restructuring.
Expion360 Unveils Next-Gen Battery Models for Broader Market Adoption
- New Battery Models Launch: Expion360 announced the upcoming release of three next-generation battery models in the second half of 2026, with Group 27's capacity increasing from 132Ah to 140Ah (approximately 6% increase) and GC2H from 162Ah to 180Ah (approximately 11% increase), enhancing competitiveness in industrial and commercial applications.
- Technological Innovations: The new models feature VHC™ internal heating technology for reliable performance in cold environments and support RV-C CAN Bus communication, expanding smart functionality to meet the growing demand for high energy density battery systems, particularly in mission-critical surveillance and remote monitoring sectors.
- Cost Efficiency Improvement: The new batteries are expected to be offered at a lower price than current equivalent models while delivering higher capacity and performance, with updated designs aimed at improving internal cost structure and margins, enabling reinvestment in product development and long-term customer value.
- Market Expansion Potential: Expion360's new battery platforms are designed to support traditional markets in recreational vehicles and marine applications while also providing versatility for broader industrial and commercial applications, addressing more complex power needs and strategically positioning the company in the rapidly evolving battery market.
Meta Platforms Reports Strong Q4 Earnings, Shares Surge
- Strong Financial Results: Meta reported fourth-quarter revenue of $59.89 billion, exceeding analyst expectations of $58.30 billion, indicating robust performance in the recovering advertising market, which is likely to drive further stock price increases.
- Earnings Growth: The company posted adjusted earnings of $8.88 per share, surpassing the forecast of $8.16 per share, reflecting significant improvements in cost control and operational efficiency, thereby boosting investor confidence.
- Stock Price Surge: Following the earnings report, Meta's shares jumped 8.2% in pre-market trading to $723.70, indicating a positive market sentiment towards the company's growth prospects, which may attract more investor interest.
- Optimistic Sales Guidance: Meta's first-quarter sales guidance exceeded market expectations, further solidifying its leadership position in the digital advertising space and suggesting continued benefits from the recovery in advertising spending.
Expion360 Reports Significant Improvement in Preliminary Financial Results
- Revenue Nearly Doubles: Expion360 reported preliminary unaudited revenue of $9.6 million for 2025, up $4 million from $5.6 million in 2024, indicating significant progress in market demand and enhancing future growth potential.
- Gross Profit Improvement: The gross profit for 2025 reached $2.2 million, an increase of $1 million compared to $1.2 million in 2024, reflecting positive outcomes in cost control and pricing strategies, thereby improving overall profitability.
- Cash Flow Enhancement: The company's cash balance improved from $0.5 million in 2024 to $3 million in 2025, an increase of $2.5 million, which strengthens financial stability and provides robust support for future expansion and investments.
- Expansion Plans: CEO Joseph Hammer stated that in 2026, the company will expand into industrial and construction sectors and develop specialized energy storage solutions, demonstrating a strategic commitment to diversifying revenue sources and market expansion.
RLX Technology Shares Rise 6%; Check Out 20 Stocks Making Moves in Premarket Trading
RLX Technology Inc Performance: RLX Technology's shares rose 6% to $2.47 in pre-market trading after reporting third-quarter earnings of 3 cents per share and $158.6 million in sales.
Notable Gainers: Cidara Therapeutics surged 92% to $203.50 following a significant ownership disclosure, while other companies like Binah Capital Group and Expion360 also saw substantial pre-market gains.
Significant Losers: TSS Inc experienced a 40.2% drop to $9.10 after reporting a year-over-year decline in financial results, with enVVeno Medical Corp and Nuvve Holding Corp also facing significant losses.
Market Overview: The pre-market trading session showed a mix of gains and losses among various stocks, reflecting varied financial performances and investor reactions to earnings reports.
What Factors Are Causing Expion360's (XPON) Stock to Surge More Than 28% in After-Hours Trading?
Stock Surge: Expion360 Inc. shares rose 28.35% to $1.63 in after-hours trading following a strong third-quarter earnings report, with a closing price of $1.27 on Thursday.
Revenue Growth: The company reported net sales of $2.4 million for the quarter ending September 30, a 72% increase year-over-year, and a net profit of $0.7 million, reversing a loss from the previous year.
Leadership Changes: Expion360 appointed Joseph Hammer as CEO and Board Chairman and regained compliance with Nasdaq listing requirements on September 17.
Financial Position: As of September 30, the company had $4.3 million in cash, a significant increase in working capital, and stockholders' equity rose to $9 million, despite a 63.2% decline in stock value over the past year.
Expion360 Reports GAAP EPS of $0.10 and Revenue of $2.39 Million
Q3 Financial Performance: Expion360 reported a GAAP EPS of $0.10 and revenue of $2.39 million, reflecting a 71.9% year-over-year increase.
Leadership Changes: The company has appointed Joseph Hammer as CEO and Shawna Bowin as CFO.
Seeking Alpha Rating: Expion360 has received a Quant Rating from Seeking Alpha, indicating market analysis on its performance.
Company Overview: Expion360 is focused on innovative solutions in the energy sector, with recent developments highlighting its growth and leadership restructuring.
