Expion360, Inc. (XPON) AI Stock Analysis

• Market Cap: $3.00M
• Dividend Yield: N/A
• Average Volume (3M): 50.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.73
• Revenue Growth: 23.07%
• EPS Growth: 50.04%
• Country: US
• Employees: 20
• Sector: Industrials
• Sector Strength: 89
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.37
• Shares Outstanding: 3,374,468
• 10 Day Avg. Volume: 44,900
• 30 Day Avg. Volume: 50,523
• PEG Ratio: 1.02
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.35
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 0.13
• Enterprise Value/Gross Profit: 2.03
• Enterprise Value/Ebitda: -0.06
• 1Y Price Target: $1.00
• Price Target Upside: 9.89% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: $1.00 ▲(9.89%Upside)

Expion360, Inc. is currently facing substantial financial difficulties, with ongoing losses and high leverage. While there is potential for growth through new partnerships and market expansions, significant risks remain, particularly with respect to cash flow and Nasdaq compliance. The earnings call provided some optimism, but the mixed technical indicators and valuation concerns keep the overall score on the lower side.

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. 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. faces significant financial challenges, including ongoing operational losses, high leverage, and negative cash flows. While there have been improvements in revenue growth and equity, the company still heavily relies on external funding and struggles with converting net income to cash.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.70M	5.62M	5.98M	7.16M	4.52M	1.57M
Gross Profit	1.43M	999.91K	1.58M	2.29M	1.65M	302.97K
EBITDA	-11.59M	-12.33M	-7.12M	-5.77M	-4.10M	-661.04K
Net Income	-12.44M	-13.48M	-7.46M	-7.54M	-4.72M	-876.48K
Balance Sheet
Total Assets	1.60M	9.11M	11.91M	16.70M	6.53M	1.60M
Cash, Cash Equivalents and Short-Term Investments	290.68K	547.57K	3.93M	7.20M	773.24K	290.68K
Total Debt	2.67M	1.03M	5.96M	4.56M	3.62M	2.67M
Total Liabilities	2.98M	6.59M	6.56M	5.09M	4.27M	2.98M
Stockholders Equity	-1.38M	2.52B	5.35M	11.61M	2.26M	-1.38M
Cash Flow
Free Cash Flow	-9.13M	-9.58M	-5.55M	-6.04M	-4.01M	-1.16M
Operating Cash Flow	-9.12M	-9.56M	-5.53M	-5.47M	-3.90M	-1.12M
Investing Cash Flow	39.02K	113.41K	16.58K	-515.69K	-113.69K	-36.75K
Financing Cash Flow	7.91M	6.06M	2.25M	12.41M	4.49M	1.31M

Expion360, Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.91
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XPON, the sentiment is Neutral. The current price of 0.91 is below the 20-day moving average (MA) of 0.91, above the 50-day MA of 0.91, and below the 200-day MA of 1.93, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.36 is Neutral, neither overbought nor oversold. The STOCH value of 63.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for XPON.

Expion360, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$10.82B	15.59	5.20%	1.89%	3.09%	-26.84%
FLUX	58 Neutral	$35.82M	―	-1582.76%	―	-1.45%	-15.76%
XPON	49 Neutral	$3.00M	―	-362.03%	―	23.07%	50.04%
POLA	47 Neutral	$4.75M	―	-41.53%	―	8.08%	59.60%
GWH	39 Underperform	$17.91M	―	-172.05%	―	-58.05%	-6.90%
DFLI	39 Underperform	$6.20M	―	-3420.59%	―	-11.38%	-9.63%
NXUR		$474.86K	―	-236.01%	―	―	―

Expion360, Inc. Corporate Events

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.

Expion360 Approves 2025 Employee Incentive Plan

On April 9, 2025, Expion360, Inc.‘s Compensation Committee approved the 2025 Employee Incentive Plan, which includes cash bonuses for executive officers based on achieving specific performance milestones. This plan aims to align with the company’s strategic objectives and create long-term value for stockholders. The plan outlines various performance targets, such as net sales, financial reporting, operational efficiency, product certification, joint ventures, and liquidity improvement, with corresponding bonus percentages tied to base salaries. Executives can choose to receive restricted stock units instead of cash bonuses, and payments are contingent on the company maintaining a minimum cash balance.