[Management View]
Expion360 reported $3 million in GAAP revenue for Q2 2025, marking a 134% YoY growth. The company emphasized its strategic focus on expanding its home energy storage solutions (HESS) and maintaining strong relationships with over 300 customers, including major RV retailers and OEM partners.

[Outlook]
The company is optimistic about its future, with plans to expand into AI data center storage, government, and defense markets. They are also actively pursuing tariff exclusions and onshoring manufacturing to mitigate tariff risks.

[Financial Performance]
Revenue: $3 million, up 134% YoY
Gross Profit: $600,000, representing 21% of revenue
Net Loss: $1.4 million, a 38% improvement YoY
Selling and Administrative Expenses: $2 million, flat YoY but reduced to 66% of sales from 157%
Inventory: Over $5 million in prebuilt inventory

[Q&A Highlights]
Question 1: Current tariff environment and lobbying efforts in Washington DC. Has anything developed?
Answer: The tariff situation remains fluid, but Expion360 is confident in its lobbying efforts and believes it has presented a strong case for an exclusion or exception. The company is benefiting from preloaded inventory decisions made in late 2024.

Question 2: How much prebuilt inventory is left for subsequent quarters?
Answer: The company has over $5 million in inventory available for sale, representing the majority of prebuilt inventory purchased in late 2024. They are actively looking to replace this inventory to prepare for 2026.

Question 3: Does the China tariff pause help? Or will you pass price increases to customers or sell at lower margins?
Answer: The sales mix will be crucial for the next quarter. While accessory sales had lower margins, battery sales are expected to drive strong margins in Q3.

[Sentiment Analysis]
The tone of the management was optimistic and confident, focusing on strategic growth and cost management. Analysts' questions were centered around tariff impacts and inventory management, indicating a cautious but positive outlook.

[Quarterly Comparison]
| Metric | Q2 2025 | Q2 2024 |
|-------------------------------|-----------------|-----------------|
| Revenue | $3 million | $1.3 million |
| Gross Profit | $600,000 | $300,000 |
| Gross Margin | 21% | 25% |
| Net Loss | $1.4 million | $2.2 million |
| Selling & Administrative Exp. | $2 million | $2 million |
| Inventory | $5 million+ | N/A |

[Risks and Concerns]
- Ongoing tariff uncertainty and its impact on margins
- Dependence on successful lobbying for tariff exclusions
- Need to manage and replace prebuilt inventory effectively

[Final Takeaway]
Expion360 demonstrated robust revenue growth and improved net loss figures, driven by strategic inventory management and cost reductions. The company is well-positioned for future growth, focusing on expanding its market reach and mitigating tariff risks. Investors should monitor the company's progress in securing tariff exclusions and its ability to maintain strong margins amid ongoing uncertainties.