XPON — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-10

• In May 2026, the Company announced an expansion of its existing supply relationship with Forest River, Inc. ("Forest River"), a subsidiary of Berkshire Hathaway and one of the largest manufacturers of recreational vehicles in North America. Building on its existing supply arrangements with Forest Ri…

• Net sales for the three months ended June 30, 2026 decreased by $1.0 million, or 32.1%, compared to the three months ended June 30, 2025. Sales were $2.0 million for the three months ended June 30, 2026 and $3.0 million for the three months ended June 30, 2025.

• Net sales for the six months ended June 30, 2026 decreased by $1.4 million, or 28.6%, compared to the six months ended June 30, 2025. Sales were $3.6 million for the six months ended June 30, 2026 and $5.0 million for the six months ended June 30, 2025.

• The decrease was primarily due to discontinuing resale of certain low-margin accessories in order to increase our profit margins. Additionally, certain OEM customers entered the period carrying elevated battery inventory levels built up through year-end, which tempered order volume early in the year…

• Total cost of sales for the three months ended June 30, 2026 decreased by $1.0 million, or 42.1%, compared to the three months ended June 30, 2025. Cost of sales was $1.4 million for the three months ended June 30, 2026 and $2.4 million for the three months ended June 30, 2025. Cost of sales as a pe…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• Also in February 2026, we entered into a strategic partnership with Dealer Accessory Supply (“DAS”) related to the launch of the DASGen Hybrid Energy Storage System, representing our entry into the industrial energy storage market. DASGen is designed to function as an energy buffer between diesel ge…

• Net sales for the three months ended March 31, 2026 decreased by $0.5 million, or 24%, compared to the three months ended March 31, 2025. Net sales were $1.6 million for the three months ended March 31, 2026 and $2.0 million for the three months ended March 31, 2025. The decrease was primarily due t…

• Total cost of sales for the three months ended March 31, 2026 decreased by $0.4 million, or 24%, compared to the three months ended March 31, 2025. Cost of sales as a percent of sales decreased by 0.8 percentage points compared to the prior year period, from 75.5% to 74.7%. Cost of sales was $1.2 mi…

• Our gross profit for the three months ended March 31, 2026 decreased by $0.1 million, or 21%, compared to the three months ended March 31, 2025. Gross profit was $0.4 million for the three months ended March 31, 2026 and $0.5 million for the three months ended March 31, 2025. Gross profit as a perce…

• Selling, general, and administrative expenses for the three months ended March 31, 2026 increased by $0.5 million, or 31%, compared to the three months ended March 31, 2025. Selling, general, and administrative expenses were $2.2 million for the three months ended March 31, 2026 and $1.6 million for…

Text added vs the prior filing · source: 10-Q · 2026-08-10

• On January 29, 2026, we received a determination from the Staff that the bid price of the common stock had closed below the Minimum Bid Price Requirement and that the Staff had determined to delist our securities from The Nasdaq Capital Market, subject to a compliance period expiring on July 28, 202…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• On January 29, 2026, we received a determination from the Staff that the bid price of the common stock had closed below the $1.00 minimum required by Nasdaq Listing Rule 5550(a)(2) for the prior 30 consecutive business days (the “Minimum Bid Price Requirement”) and that the Staff had determined to d…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• We face risks associated with pursuing strategic acquisitions and divestitures, and our failure to successfully integrate any acquired business or product could have a material adverse effect on our results of operations and financial position.

• As part of our overall strategy, we may periodically consider strategic acquisitions to expand our brands into complementary product categories and markets, or to acquire new technologies, intellectual property, or other assets. Our ability to do so depends on our ability to identify and successfull…

• ●expose us to risks inherent in entering into a new market or geographic region;

• ●lose significant customers or key personnel of the acquired business;

• ●encounter difficulties managing and implementing acquired assets;