Expion360, Inc. (XPON) AI Stock Analysis

• Market Cap: $3.81M
• Dividend Yield: N/A
• Average Volume (3M): 2.00M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: 23.07%
• EPS Growth: 50.04%
• Country: US
• Employees: 20
• Sector: Industrials
• Sector Strength: 86
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.37
• Shares Outstanding: 3,374,468
• 10 Day Avg. Volume: 5,899,989
• 30 Day Avg. Volume: 2,000,299
• PEG Ratio: 1.38
• Price to Book (P/B): 1.26
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.48
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 0.51
• Enterprise Value/Gross Profit: 58.92
• Enterprise Value/Ebitda: -0.81
• 1Y Price Target: $1.00
• Price Target Upside: -11.50% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: $1.00 ▼(-11.50%Downside)

The overall stock score of 47 reflects significant financial challenges and valuation concerns, highlighted by a negative P/E ratio and lack of dividend yield. Positive elements include strategic growth initiatives and improvements noted during the earnings call. However, potential Nasdaq delisting and operational cost management issues present notable risks.

Expion360, Inc. Business Overview & Revenue Model

Company Description

Expion360 Inc. designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It also provides various models of industrial tiedowns; battery monitors; terminal blocks; and bus bars. The company also engages in the development of e360 Home Energy Storage systems. It serves dealers, wholesalers, and original equipment manufacturers in the United States and internationally. The company was formerly known as Yozamp Products Company, LLC and changed its name to Expion360 Inc. in November 2021. Expion360 Inc. was founded in 2016 and is headquartered in Redmond, Oregon.

How the Company Makes Money

Expion360, Inc. earns revenue primarily through the sale of its lithium battery products to a diverse customer base in sectors such as recreational vehicles, marine, and industrial applications. The company capitalizes on the growing demand for efficient and sustainable energy storage solutions by offering technologically advanced batteries that cater to the specific needs of these markets. Significant revenue streams include direct sales to manufacturers and distributors, as well as partnerships with companies seeking to integrate advanced battery technology into their products. Additionally, Expion360 benefits from the increasing market trend of transitioning towards renewable energy sources and the replacement of traditional lead-acid batteries with lithium-based alternatives.

Expion360, Inc. Financial Statement Overview

Summary

Expion360, Inc. is facing significant financial challenges. The income statement reflects ongoing losses and margin pressures. The balance sheet shows high leverage, and cash flows indicate a reliance on external funding with insufficient internal cash generation. The company needs to improve operational efficiency and manage debt to enhance its financial stability.

Income Statement

Expion360, Inc. has faced challenges in its income statement, with consistent negative net income and EBIT margins over the years, indicating ongoing operational losses. Additionally, revenue growth has been inconsistent, with a decline from 2022 to 2023. The gross profit margin has also been low, reflecting cost structure issues.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio, with stockholders' equity being negative in the past and only recently improving. Although total assets have grown, liabilities remain high, posing a financial risk. The equity ratio is moderate, but the company needs to manage its leverage carefully.

Cash Flow

The company has struggled with negative operating and free cash flows, indicating cash outflows exceed inflows, which could affect liquidity. Although there is cash from financing activities, dependence on external funding is high. The cash flow to net income ratios are below optimal levels, suggesting inefficiencies in converting net income to cash.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.62M	5.98M	7.16M	4.52M	1.57M
Gross Profit	999.91K	1.58M	2.29M	1.65M	302.97K
EBITDA	-12.33M	-7.12M	-5.77M	-4.10M	-661.04K
Net Income	-13.48M	-7.46M	-7.54M	-4.72M	-876.48K
Balance Sheet
Total Assets	9.11M	11.91M	16.70M	6.53M	1.60M
Cash, Cash Equivalents and Short-Term Investments	547.57K	3.93M	7.20M	773.24K	290.68K
Total Debt	1.03M	5.96M	4.56M	3.62M	2.67M
Total Liabilities	6.59M	6.56M	5.09M	4.27M	2.98M
Stockholders Equity	2.52B	5.35M	11.61M	2.26M	-1.38M
Cash Flow
Free Cash Flow	-9.58M	-5.55M	-6.04M	-4.01M	-1.16M
Operating Cash Flow	-9.56M	-5.53M	-5.47M	-3.90M	-1.12M
Investing Cash Flow	113.41K	16.58K	-515.69K	-113.69K	-36.75K
Financing Cash Flow	6.06M	2.25M	12.41M	4.49M	1.31M

Expion360, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1.13 is below the 20-day moving average (MA) of 1.15, above the 50-day MA of 1.00, and below the 200-day MA of 1.58, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 49.39 is Neutral, neither overbought nor oversold. The STOCH value of 9.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for XPON.

Expion360, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	kr40.85B	12.43	-0.68%	2.26%	0.51%	-1.82%
POLA	53 Neutral	$4.92M	―	-41.53%	―	8.08%	59.60%
XPON	47 Neutral	$3.81M	―	-362.03%	―	23.07%	50.04%
FLUX	45 Neutral	$27.25M	―	-1582.76%	―	-1.45%	-15.76%
DFLI	44 Neutral	$16.16M	―	-3420.59%	―	-11.38%	-9.63%
GWH	43 Neutral	$23.27M	―	-172.05%	―	-58.05%	-6.90%
NXUR	―	$276.70K	―	-236.01%	―	―	―

Expion360, Inc. Corporate Events

Expion360 Inc. Holds Annual Stockholders Meeting

On July 31, 2025, Expion360 Inc. held its Annual Meeting of Stockholders, where key decisions were made regarding the company’s governance and stock plans. During the meeting, five directors were elected to the board for a one-year term, the appointment of M&K CPAS, PLLC as the independent accounting firm was ratified, and increases in the number of shares authorized for issuance under both the 2021 Incentive Award Plan and the 2021 Employee Stock Purchase Plan were approved.

Expion360 Faces Nasdaq Delisting Notice, Plans Appeal

On July 1, 2025, Expion360 Inc. received a staff determination from Nasdaq indicating that the company’s stock price had fallen below the $1.00 minimum required for 30 consecutive business days, leading to a potential delisting. The company has requested a hearing to appeal this decision and plans to present a strategy to regain compliance, emphasizing its commitment to maintaining its Nasdaq listing.

Expion360 Revises Deadlines for 2025 Stockholder Meeting

Expion360, Inc. has announced that its 2025 annual meeting of stockholders will take place on July 31, 2025, with a record date set for June 4, 2025. Due to a change in the meeting date from the previous year, the company has revised deadlines for stockholder proposals and director nominations, requiring submissions by June 8, 2025. These changes are significant for stakeholders as they adjust to the new timeline for participating in corporate governance matters.