Expion360, Inc. (XPON) AI Stock Analysis

• Market Cap: $5.52M
• Dividend Yield: N/A
• Average Volume (3M): 16.82M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• Revenue Growth: 68.33%
• EPS Growth: 78.66%
• Country: US
• Employees: 20
• Sector: Industrials
• Sector Strength: 76
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.41
• Shares Outstanding: 3,474,720
• 10 Day Avg. Volume: 44,479,039
• 30 Day Avg. Volume: 16,817,449
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.62
• Enterprise Value/Revenue: 0.41
• Enterprise Value/Gross Profit: 1.98
• Enterprise Value/Ebitda: -0.31
• 1Y Price Target: $1.50
• Price Target Upside: -9.64% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: $1.50 ▼(-9.64% Downside)

Expion360's overall stock score reflects a mixed outlook. The most significant factor is the company's financial challenges, which weigh heavily on the score. However, positive technical indicators, strong earnings call guidance, and favorable corporate events provide a counterbalance, suggesting potential for improvement if financial stability is achieved.

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. faces significant financial challenges. Despite strong revenue growth, profitability and cash flow are concerning, with negative net profit margins and cash flow issues. The balance sheet shows improved leverage but low equity returns.

Income Statement

Expion360, Inc. shows a mixed performance in its income statement. The company has experienced a significant revenue growth rate of 25.54% in the TTM, indicating strong top-line growth. However, profitability remains a concern with negative net profit margins and EBIT margins, reflecting ongoing operational challenges. The gross profit margin has declined over time, suggesting pressure on cost management.

Balance Sheet

The balance sheet of Expion360, Inc. highlights some stability issues. The debt-to-equity ratio has improved to 0.43 in the TTM, indicating better leverage management compared to previous years. However, the negative return on equity suggests that the company is not generating sufficient returns on shareholders' investments. The equity ratio is low, pointing to a reliance on debt financing.

Cash Flow

Cash flow analysis reveals challenges for Expion360, Inc. The company has a negative free cash flow growth rate and negative operating cash flow, indicating cash management issues. The operating cash flow to net income ratio is negative, suggesting inefficiencies in converting earnings into cash. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow is closely aligned with net income, albeit both are negative.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.41M	5.62M	5.98M	7.16M	4.52M	1.57M
Gross Profit	1.73M	1.16M	1.58M	2.29M	1.65M	302.97K
EBITDA	-10.98M	-12.33M	-7.12M	-5.77M	-4.10M	-661.04K
Net Income	-11.59M	-13.48M	-7.46M	-7.54M	-4.72M	-876.48K
Balance Sheet
Total Assets	8.61M	9.11M	11.91M	16.70M	6.53M	1.60M
Cash, Cash Equivalents and Short-Term Investments	684.92K	547.57K	3.93M	7.20M	773.24K	290.68K
Total Debt	894.64K	1.03M	5.96M	4.56M	3.62M	2.67M
Total Liabilities	6.54M	6.59M	6.56M	5.09M	4.27M	2.98M
Stockholders Equity	2.07M	2.52M	5.35M	11.61M	2.26M	-1.38M
Cash Flow
Free Cash Flow	-7.79M	-9.58M	-5.55M	-6.04M	-4.01M	-1.16M
Operating Cash Flow	-7.79M	-9.56M	-5.53M	-5.47M	-3.90M	-1.12M
Investing Cash Flow	40.52K	113.41K	16.58K	-515.69K	-113.69K	-36.75K
Financing Cash Flow	7.53M	6.06M	2.25M	12.41M	4.49M	1.31M

Expion360, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XPON, the sentiment is Positive. The current price of 1.66 is above the 20-day moving average (MA) of 1.43, above the 50-day MA of 1.21, and above the 200-day MA of 1.39, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 58.07 is Neutral, neither overbought nor oversold. The STOCH value of 12.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for XPON.

Expion360, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$10.95B	16.37	8.81%	1.96%	2.68%	-15.33%
XPON	61 Neutral	$5.52M	―	-504.67%	―	68.33%	78.66%
DFLI	50 Neutral	$20.59M	―	-3420.59%	―	4.80%	16.72%
POLA	45 Neutral	$5.32M	―	-49.34%	―	0.13%	45.00%
FLUX	45 Neutral	$27.61M	―	-1582.76%	―	-1.45%	-15.76%
GWH	43 Neutral	$22.19M	―	-207.48%	―	-16.98%	2.43%
NXUR	―	$359.35K	―	-236.01%	―	―	―

Expion360, Inc. Corporate Events

Expion360 Reduces Warrant Exercise Price, Boosts Equity

Expion360 Inc. announced on August 14, 2025, that it entered into inducement offer letter agreements with holders of its Series A and January Warrants, reducing the exercise price of these warrants to $1.31 per share to encourage prompt exercise for cash. The company’s Board of Directors further confirmed this reduction on August 22, 2025, resulting in significant financial impacts including the issuance of 4,878,942 shares of common stock and net cash proceeds of approximately $5.65 million. This adjustment also helped Expion360 regain compliance with Nasdaq’s equity requirements, as the company’s stockholders’ equity balance improved significantly, allowing it to maintain its listing on the Nasdaq Capital Market.

Expion360 Announces Inducement Offer to Simplify Capitalization

On August 14, 2025, Expion360 Inc. announced an inducement offer letter agreement with holders of its Series A and January warrants to raise cash and simplify its capitalization structure. The agreement involved reducing the exercise price of these warrants to $1.31 per share, encouraging their exercise and potentially improving liquidity and financial flexibility for the company.

Expion360 Regains Nasdaq Compliance as of August 2025

Expion360, Inc. announced that it has regained compliance with Nasdaq’s minimum bid price requirement as of August 13, 2025, ensuring its continued listing on the Nasdaq Capital Market. The company also reported a significant financial performance for the second quarter of 2025, with net sales increasing by 134% year-over-year to $3.0 million, marking the sixth consecutive quarter of sales growth. This growth was driven by strong demand for new products and technologies, particularly in the RV market. Despite challenges like tariff uncertainties affecting gross margins, Expion360 has taken steps to mitigate these impacts and is focused on expanding its distribution and advancing its lithium-ion battery technology.

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.