Expion360, Inc. (XPON) AI Stock Analysis

• Market Cap: $10.14M
• Dividend Yield: N/A
• Average Volume (3M): 2.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.15
• Revenue Growth: 109.37%
• EPS Growth: 99.34%
• Country: US
• Employees: 20
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.10
• Shares Outstanding: 9,656,739
• 10 Day Avg. Volume: 1,357,497
• 30 Day Avg. Volume: 2,452,371
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.27
• P/FCF Ratio: -0.16
• Enterprise Value/Market Cap: 0.34
• Enterprise Value/Revenue: 0.36
• Enterprise Value/Gross Profit: 1.67
• Enterprise Value/Ebitda: -1.80
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $1.00 ▼(-4.76% Downside)

Expion360, Inc. faces significant challenges with profitability and cash flow, reflected in a low financial performance score. Technical indicators suggest stability but with bearish momentum. Valuation metrics are poor due to ongoing losses. Positive earnings call highlights and regained Nasdaq compliance provide some optimism, but overall risks remain high.

Positive Factors

Revenue Growth

The consistent revenue growth over six consecutive quarters indicates strong market demand and successful product adoption, supporting long-term business expansion.

Product Line Expansion

Expanding into the home energy storage market with new certified products positions the company to capitalize on a growing market, enhancing its competitive edge.

Leadership Changes

The appointment of a new CEO and board expansion may bring fresh strategic direction and governance, potentially improving operational efficiency and long-term growth.

Negative Factors

Profitability Challenges

Despite revenue growth, ongoing net losses highlight challenges in achieving profitability, which could strain resources and hinder sustainable growth.

Gross Margin Decline

Declining gross margins due to product mix and tariffs suggest cost management issues, potentially impacting long-term profitability and pricing strategies.

Cash Flow Issues

Persistent negative cash flows indicate liquidity challenges, limiting the company's ability to invest in growth opportunities and manage financial obligations effectively.

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 generates revenue through the sale of its energy storage products, including lithium-ion batteries and battery management systems, which are sold directly to consumers, businesses, and through distribution channels. Key revenue streams include direct sales from their e-commerce platform, partnerships with manufacturers, and collaborations with companies in the electric vehicle and renewable energy sectors. Additionally, the company may benefit from government incentives and subsidies aimed at promoting renewable energy solutions, enhancing its profitability. Significant partnerships with industry players further expand its market reach and contribute to its earnings.

Expion360, Inc. Financial Statement Overview

Summary

Expion360, Inc. shows revenue growth but struggles with profitability and cash flow. The balance sheet is stable with manageable leverage, but negative returns on equity and cash flow issues are concerning.

Income Statement

Expion360, Inc. shows a mixed performance in its income statement. The company has experienced revenue growth of 11.93% in the TTM period, indicating a positive trend. However, the company is struggling with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin is relatively low at 20.58%, suggesting challenges in cost management or pricing strategy.

Balance Sheet

The balance sheet reflects a moderate financial position with a debt-to-equity ratio of 0.43, indicating manageable leverage. However, the return on equity is negative, highlighting inefficiencies in generating returns for shareholders. The equity ratio stands at 84.31%, which is a positive indicator of financial stability.

Cash Flow

Cash flow analysis reveals significant challenges, with negative operating and free cash flows. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is also negative, indicating cash flow issues. The free cash flow to net income ratio is slightly above 1, suggesting that free cash flow is slightly better than net income, but overall cash flow health is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.42M	5.62M	5.98M	7.16M	4.52M	1.57M
Gross Profit	2.05M	1.16M	1.58M	2.29M	1.65M	302.97K
EBITDA	-1.91M	-12.33M	-7.12M	-5.77M	-4.10M	-661.04K
Net Income	-2.05M	-13.48M	-7.46M	-7.54M	-4.72M	-876.48K
Balance Sheet
Total Assets	10.69M	9.11M	11.91M	16.70M	6.53M	1.60M
Cash, Cash Equivalents and Short-Term Investments	4.29M	547.57K	3.93M	7.20M	773.24K	290.68K
Total Debt	818.18K	1.03M	5.96M	4.56M	3.62M	2.67M
Total Liabilities	1.68M	6.59M	6.56M	5.09M	4.27M	2.98M
Stockholders Equity	9.01M	2.52M	5.35M	11.61M	2.26M	-1.38M
Cash Flow
Free Cash Flow	-6.65M	-9.58M	-5.55M	-6.04M	-4.01M	-1.16M
Operating Cash Flow	-6.64M	-9.56M	-5.53M	-5.47M	-3.90M	-1.12M
Investing Cash Flow	-4.40K	113.41K	16.58K	-515.69K	-113.69K	-36.75K
Financing Cash Flow	7.61M	6.06M	2.25M	12.41M	4.49M	1.31M

Expion360, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 1.05 is below the 20-day moving average (MA) of 1.13, below the 50-day MA of 1.30, and below the 200-day MA of 1.14, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 39.03 is Neutral, neither overbought nor oversold. The STOCH value of 43.86 is Neutral, 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 *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
OESX	59 Neutral	$62.43M	-9.40	-45.94%	―	-12.77%	23.37%
XPON	47 Neutral	$10.14M	-1.30	-35.47%	―	109.37%	99.34%
IPWR	44 Neutral	$35.75M	-3.39	-74.44%	―	-69.65%	11.41%
POLA	40 Neutral	$5.93M	-0.65	-119.92%	―	-44.32%	-49.47%
SDST	26 Underperform	$36.82M	-0.98	―	―	―	61.78%

Expion360, Inc. Corporate Events

Expion360 Announces Leadership Changes and Stock Placement

On October 16, 2025, Expion360 Inc. completed a securities purchase agreement with two institutional investors, resulting in a private placement of common stock and pre-funded warrants, generating approximately $1.1 million in net proceeds. The funds are intended for severance obligations and general corporate purposes. Concurrently, significant leadership changes occurred, with CEO Brian Schaffner and President Paul Shoun resigning, and Joseph Hammer being appointed as the new CEO and Chairman of the Board. Scott Burell was also appointed as an independent director, expanding the board to six members.

Expion360 Regains Nasdaq Compliance After Equity Adjustment

Expion360 Inc. has successfully regained compliance with Nasdaq Listing Rule 5550(b)(1), ensuring its common stock continues to be listed on The Nasdaq Capital Market. This follows a notification received on August 20, 2025, regarding a shortfall in stockholders’ equity balance, which was rectified by reducing the exercise price of certain warrants, leading to an increase in equity above the required threshold. The compliance was confirmed by Nasdaq on September 17, 2025.