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Expion360, Inc. (XPON)
NASDAQ:XPON
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Expion360, Inc.
(NASDAQ:XPON)
41Neutral
Expion360, Inc. (XPON) vs. S&P 500 (SPY)
Market Cap
$2.45M
Dividend YieldN/A
Average Volume (3M)83.35K
Price to Earnings (P/E)―
Beta (1Y)0.46
Revenue Growth-5.96%
EPS Growth20.41%
CountryUS
Employees23
SectorIndustrials
Sector Strength63
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-86.15
Shares Outstanding3,144,468
10 Day Avg. Volume61,358
30 Day Avg. Volume83,346
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.59
Price to Cash Flow (P/CF)-0.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Expion360, Inc. Business Overview & Revenue Model
Company DescriptionExpion360, Inc. (XPON) is a company specializing in the design, manufacture, and distribution of high-capacity lithium-ion batteries and battery systems. Operating primarily within the energy storage and renewable energy sectors, Expion360 focuses on delivering reliable and efficient power solutions for various applications, including recreational vehicles, marine, golf, industrial, residential, and off-grid systems. The company's core products are designed to offer superior performance, longevity, and safety, catering to both individual consumers and businesses seeking advanced energy solutions.
How the Company Makes MoneyExpion360, Inc. generates revenue primarily through the sale of its lithium-ion batteries and battery systems. The company's key revenue streams include direct sales to consumers, who purchase products for personal use in recreational vehicles and marine applications, as well as sales to businesses and industrial clients seeking customized or bulk energy storage solutions. Additionally, Expion360 may engage in partnerships or collaborations with manufacturers, distributors, or retailers to expand its market reach and drive sales. Factors contributing to its earnings include the increasing demand for sustainable and efficient energy solutions, technological advancements in battery performance, and the growth of renewable energy applications. The company's revenue model is heavily influenced by its ability to innovate and maintain competitive pricing in a rapidly evolving market.
Expion360, Inc. Financial Statement Overview
Summary
Expion360, Inc. is facing severe financial difficulties, with declining revenues, negative profit margins, high leverage, and negative cash flows. These factors indicate significant financial instability and high risk.Income Statement
Expion360, Inc. has shown declining revenue in the TTM period compared to the previous annual period, indicating negative growth. The company operates with negative margins, with a particularly low gross profit margin of 18.45% TTM and a significant negative net profit margin of -342.67% TTM. Such financial performance highlights ongoing profitability challenges.35
Negative
Balance Sheet
The company has a high total debt compared to its equity, resulting in a debt-to-equity ratio of 0.43 TTM. Stockholders' equity has decreased significantly, impacting the equity ratio, which stands at 25.12% TTM. This suggests potential financial instability and high leverage risk.40
Negative
Cash Flow
Expion360, Inc. is experiencing negative operating and free cash flows, with free cash flow deteriorating further in the TTM period. The operating cash flow to net income ratio is negative, reflecting cash generation struggles relative to net losses. These factors suggest liquidity issues.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 7.00M | 5.98M | 7.16M | 4.52M | 1.57M | 1.41M | Gross Profit |
| 2.56M | 1.58M | 2.29M | 1.65M | 302.97K | 495.54K | EBIT |
| -4.41M | -7.17M | -5.95M | -1.26M | -673.89K | -102.06K | EBITDA |
| -7.16M | -7.12M | -5.77M | -4.10M | -661.04K | -88.27K | Net Income Common Stockholders |
| -9.13M | -7.46M | -7.54M | -4.72M | -876.48K | -201.27K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 290.68K | 3.93M | 7.20M | 773.24K | 290.68K | 139.51K | Total Assets |
| 1.60M | 11.91M | 16.70M | 6.53M | 1.60M | 838.88K | Total Debt |
| 2.67M | 5.96M | 4.56M | 3.62M | 2.67M | 1.22M | Net Debt |
| 2.37M | 2.03M | -2.65M | 2.84M | 2.37M | 1.08M | Total Liabilities |
| 2.98M | 6.56M | 5.09M | 4.27M | 2.98M | 1.34M | Stockholders Equity |
| -1.38M | 5.35M | 11.61M | 2.26M | -1.38M | -503.18K |
| Cash Flow | Free Cash Flow | ||||
| -5.89M | -5.55M | -6.04M | -4.01M | -1.16M | -132.07K | Operating Cash Flow |
| -5.71M | -5.53M | -5.47M | -3.90M | -1.12M | -122.27K | Investing Cash Flow |
| -183.94K | 16.58K | -515.69K | -113.69K | -36.75K | -9.80K | Financing Cash Flow |
| 15.56M | 2.25M | 12.41M | 4.49M | 1.31M | 177.57K |
Expion360, Inc. Technical Analysis
Negative
0.78
Price Trends
1.18
Negative
1.71
Negative
16.72
Negative
Market Momentum
-0.08
Negative
35.09
Neutral
27.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XPON, the sentiment is Negative. The current price of 0.78 is below the 20-day moving average (MA) of 0.95, below the 50-day MA of 1.18, and below the 200-day MA of 16.72, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 35.09 is Neutral, neither overbought nor oversold. The STOCH value of 27.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for XPON.
Expion360, Inc. Risk Analysis
Expion360, Inc. disclosed 46 risk factors in its most recent earnings report. Expion360, Inc. reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Expion360, Inc. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $22.85B | 13.05 | 68.78% | 1.11% | 21.20% | 311.29% | |
68 Neutral | $7.59B | 77.58 | 11.30% | ― | -41.92% | -76.24% | |
62 Neutral | $7.25B | 12.39 | 3.08% | 3.39% | 3.63% | -14.32% | |
51 Neutral | $864.69M | ― | -116.01% | ― | -68.86% | -4917.87% | |
45 Neutral | $461.48M | ― | -38.88% | ― | -30.80% | -84.41% | |
43 Neutral | $1.19B | ― | -90.88% | ― | -29.45% | -10.79% | |
41 Neutral | $2.45M | ― | -342.64% | ― | -5.96% | 20.41% |
* Industrials Sector Average
Performance Comparison
XPON
Expion360, Inc.
0.78
-212.22
-99.63%
ENPH
Enphase Energy
57.27
-57.97
-50.30%
MPWR
Monolithic Power
477.39
-198.73
-29.39%
PLUG
Plug Power
1.22
-1.90
-60.90%
SEDG
SolarEdge Technologies
14.71
-52.24
-78.03%
TSE:BLDP
Ballard Power Systems
1.54
-2.73
-63.93%
Expion360, Inc. Earnings Call Summary
Earnings Call Date: Mar 31, 2025 | % Change Since: -17.02% | Next Earnings Date: May 9, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant revenue growth and strategic partnerships, signaling positive future prospects. However, these are tempered by challenges such as decreased annual revenue, lower gross profit margins, and increased net loss, resulting in a balanced sentiment.Highlights
Significant Revenue Growth in Q4 2024
Revenue in the fourth quarter of 2024 increased by 131% to $2 million from $0.9 million in the prior year period, driven by increased OEM sales.
Reduction in Net Loss
Net loss in the fourth quarter of 2024 totaled $251,647, an 88% improvement from a net loss of $2.2 million in the same year-ago period.
Strategic Partnerships and Collaborations
Exploring a partnership with NeoVolta to establish a US-based state-of-the-art battery manufacturing facility and partnership with Scout Campers to equip campers with Expion360 batteries.
Progress in Home Energy Storage Solutions (HESS) Vertical
Shipments for HESS began in January 2025, aiming to benefit from incentives and tax credits from California and the federal government.
OEM Market Penetration and New Partnerships
New partnerships with RV OEMs like Scout Campers, K-Z Recreational Vehicles, and anticipated incremental revenue of approximately $5 million for fiscal year 2025.
Lowlights
Decrease in Full Year 2024 Revenue
Revenue for the full year 2024 decreased by 6% to $5.6 million from $6 million in the prior year, primarily due to a downturn in the RV market.
Lower Gross Profit Margins
Gross profit for the full year 2024 decreased to 20.5% of revenue from 26.3% in the prior year due to lower sales volumes and liquidation of non-core products.
Increased Net Loss for Full Year 2024
Net loss for the year ended December 31, 2024, was $13.5 million, compared to a net loss of $7.5 million in the prior year, influenced by a $5 million one-time expense.
Cash and Cash Equivalents Decline
Cash and cash equivalents decreased from $3.9 million in December 2023 to $0.5 million in December 2024.
Company Guidance
During the Expion360 Fourth Quarter and Full Year 2024 Financial Results Conference Call, CEO and interim CFO Brian Schaffner outlined the company's growth strategies and financial performance. The company reported a 131% increase in fourth-quarter revenue to $2 million, driven by increased OEM sales, and a gross profit of $438,552, which accounted for 22.1% of revenue. Despite a full-year revenue decrease of 6% to $5.6 million, primarily due to a decline in the consumer market, Expion360 achieved an 88% improvement in net loss for the fourth quarter, totaling $251,647. The fiscal year 2024 saw a net loss of $13.5 million, influenced by a $5 million one-time expense related to a warrant feature. Expion360 anticipates generating approximately $5 million in incremental revenue for fiscal year 2025 from new OEM partnerships and distributors, with expected gross profit growth of $1.4 million. The company is also focusing on its Home Energy Storage Solutions (HESS) vertical, leveraging incentives from California's Self Generation Incentive Program and federal tax credits. Additionally, Expion360 is exploring a potential collaboration with NeoVolta for US-based manufacturing, aiming to address tariff challenges and enhance its product offerings, including new Edge batteries featuring vertical heat conduction technology.Expion360, Inc. Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Expion360 Announces COO Leadership Transition
Neutral
Apr 4, 2025
Expion360 Inc. announced the resignation of its Chief Operating Officer, Paul Shoun, effective April 1, 2025. Shoun will continue as President and Chairman of the Board. Carson Heagen, currently Vice President of Operations, will assume the role of COO, bringing extensive experience in business management and supply chain optimization. This leadership change is part of the company’s strategic efforts to strengthen its operational capabilities.
Executive/Board Changes
Expion360’s COO Paul Shoun Returns from Medical Leave
Neutral
Feb 14, 2025
On November 16, 2024, Paul Shoun, Co-Founder and President of Expion360 Inc., took a temporary medical leave from his role as Chief Operating Officer but continued his duties as President and Chairman of the Board. He has since returned to his COO responsibilities, with no changes to his compensation or biographical details. During his absence, Carson Heagan temporarily filled the COO role and has now returned to his position as Vice President of Operations.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.