Expion360 shares surge 30.31% after-hours following Q3 earnings beat, 72% revenue growth, and operational improvements.

Expion360 surged 30.31% in after-hours trading following the release of its third-quarter results, which showed a 72% year-over-year revenue increase to $2.4 million and a gross profit jump of 222% to $500,000. The company also reported a $700,000 net profit, reversing a $8.8 million loss in the prior-year period, while strengthening its balance sheet with $4.3 million in cash and $8.5 million in working capital. Additionally, the appointment of Joseph Hammer as CEO and compliance with Nasdaq listing requirements bolstered investor confidence, aligning with the stock’s sharp post-market rebound after a 12-month decline of 63%.