US Stock Market Move | Q2 revenue exceeds expectations, Expion360 (XPON.US) soars over 211%

On Thursday, Expion360 (XPON.US) soared over 211%, reaching a new high for the year at $4.05. In terms of news, the company reported second-quarter revenue of $3 million, a 134% year-on-year growth, exceeding analysts' consensus estimate of $2.18 million. The company achieved sales growth for the sixth consecutive quarter, driven by a strong recreational vehicle market and accessories demand, as well as expanding their home energy storage solutions, with shipments starting in January 2025. Additionally, on August 13, the company regained compliance with the Nasdaq listing rules, eliminating the risk of delisting.