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REDMOND, Ore. - Expion360 Inc. (NASDAQ:XPON), a lithium-ion battery power storage company with a market capitalization of $4.31 million, announced today the appointment of Shawna Bowin as Chief Financial Officer, replacing CEO Brian Schaffner who had been serving in the interim role. According to InvestingPro data, the company has shown strong revenue growth of 68% in the last twelve months.
Bowin, who joined Expion360 in 2022 as Senior Accountant, has been serving as the company’s Controller since February 2025. In that position, she has overseen accounting operations, financial reporting, and regulatory compliance.
The new CFO brings over 20 years of accounting experience from both public and private companies. Before joining Expion360, she worked as Accounting Manager at Hodge Western Corp. and held accounting roles at JTS Animal Bedding and American Licorice Company.
Bowin holds a Bachelor of Science in Accounting from Linfield College and is currently pursuing an MBA at Louisiana State University-Shreveport’s College of Business.
"Shawna’s leadership as Controller, especially guiding us through the complexities of annual audits, quarterly reviews and SEC reporting, makes her an ideal fit for the role," said Schaffner in the company’s press release.
Expion360 specializes in lithium iron phosphate batteries for recreational vehicles, marine applications, light electric vehicles and residential energy storage. The company currently distributes its products through more than 300 dealers, wholesalers and OEMs across the country. While the company’s stock has gained over 30% in the past six months, InvestingPro analysis suggests the stock remains undervalued, with investors eagerly awaiting the next earnings report scheduled for November 13, 2025. Get detailed insights and 13 additional ProTips with an InvestingPro subscription.
In other recent news, Expion360 Inc. reported a substantial 134% increase in revenue year-over-year during its Q2 2025 earnings call. Despite this impressive growth, the company experienced a net loss of $1.4 million, though this marked a 38% improvement from the previous year. Additionally, Expion360 announced it has successfully raised approximately $5.65 million in net cash proceeds after reducing the exercise prices of its outstanding Series A and January Warrants to $1.31 per share. The company entered into inducement offer agreements with the majority of Series A Warrant holders and all holders of January Warrants, leading to the exercise of a total of 4,878,942 shares of common stock.
These financial maneuvers were part of Expion360’s efforts to address Nasdaq compliance. The company’s recent developments include a strategic focus on enhancing its financial standing and operational efficiency. Investors may take note of these moves as Expion360 continues to navigate its financial landscape.
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