XPON

• Expion360 focuses on energy storage solutions for various applications like RV, marine, light electric vehicle, home energy storage, and industrial applications. • Sixth consecutive quarter of sequential revenue growth. Second quarter included 2 of the most successful months of sales in company history. • HESS vertical shipments began in January 2025. Exploring expansion into AI data center storage and backup market. • Actively pursuing tariff exclusion request, built 6 to 12 months of inventory, reduced costs, diversified supply sources, and aims to onshore manufacturing of key components. • Product lines include e360 Edge battery with VHC heating technology, SmartTalk Bluetooth, etc., and solutions for RV, marine, LEV, home energy, and industrial applications. Currently have 11 patents pending.

• Substantial purchase orders already in hand and interest from new customers across product line. • Focus on increasing margins and reducing costs within current battery line. • Continue to work towards additional OEM market penetration by adding features and developing OEM-centric form factors.

In the second quarter ended June 30, 2025, revenue totaled $3 million, an increase of 134% year-over-year and 46% sequentially from the first quarter. Gross profit totaled $0.6 million or 21% of revenue. For the six months ended June 30, 2025, net sales totaled $5 million, a 124% increase from the prior year period. Gross profit for the six months was $1.1 million or 22% of sales.

• Tariff uncertainties with the finish line being moved monthly. Impact on business growth if tariff issues not resolved. • Supply chain risks related to sourcing and potential impacts on manufacturing and costs.

Q: Current tariff environment and lobbying efforts in Washington, D.C. Has anything developed?

A: Yes, tariff finish line is moved monthly. Confident in lobbying efforts and have case for exclusion in front of right people. Benefiting from inventory preloading in September, October, November.

Q: How much prebuilt inventory is left for subsequent quarters?

A: Considerable amount, over $5 million in inventory available for sale, which is majority of inventory purchased in September, October, November.

Q: Does the China tariff pause help? Or will you pass price increases to customers or sell at lower margins?

A: For next quarter, sales mix matters. Battery sales, which is driving top line, is expected to help with strong margin in third quarter.