Expion360, Inc. (XPON) AI Stock Analysis

• Market Cap: $8.72M
• Dividend Yield: N/A
• Average Volume (3M): 2.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• 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: 0.39
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: $0.82 ▼(-5.98% Downside)

Expion360's overall score is primarily impacted by weak financial performance and poor technical indicators. The company's challenges in profitability and cash flow, combined with bearish market momentum, outweigh the positive regulatory compliance event.

Positive Factors

Revenue Growth

The company's revenue growth indicates expanding market reach and increasing demand for its energy storage solutions, supporting long-term business sustainability.

Nasdaq Compliance

Regaining Nasdaq compliance ensures continued access to capital markets, enhancing financial flexibility and investor confidence in the company's stability.

Sales Agreement

The sales agreement provides financial flexibility and capital for growth initiatives, supporting operational stability and potential market expansion.

Negative Factors

Profitability Challenges

Ongoing profitability issues could hinder reinvestment in growth and innovation, impacting long-term competitive positioning and financial health.

Cash Flow Issues

Persistent cash flow challenges limit the company's ability to fund operations and growth initiatives internally, potentially increasing reliance on external financing.

Leadership Changes

Frequent leadership changes can disrupt strategic direction and execution, potentially affecting company stability and long-term strategic initiatives.

Expion360, Inc. Business Overview & Revenue Model

Company Description

Expion360, Inc. (XPON) is a technology company specializing in advanced energy storage solutions and battery management systems. The company operates primarily within the renewable energy sector, focusing on providing innovative products that enhance the efficiency and reliability of energy storage. Expion360's core offerings include high-performance lithium-ion batteries, battery management systems, and related accessories that cater to various applications, including electric vehicles, renewable energy systems, and portable power solutions.

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: 0.87
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.87 is below the 20-day moving average (MA) of 0.91, below the 50-day MA of 1.08, and below the 200-day MA of 1.13, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 44.47 is Neutral, neither overbought nor oversold. The STOCH value of 81.98 is Negative, 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	$63.20M	-8.91	-45.94%	―	-12.77%	23.37%
IPWR	44 Neutral	$28.99M	-2.78	-74.44%	―	-69.65%	11.41%
SDST	43 Neutral	$35.54M	-0.97	―	―	―	61.78%
POLA	40 Neutral	$4.89M	-0.53	-119.92%	―	-44.32%	-49.47%
XPON	38 Underperform	$8.72M	-1.10	-35.47%	―	109.37%	99.34%

Expion360, Inc. Corporate Events

Expion360 Enters $15M Sales Agreement with Aegis

On December 12, 2025, Expion360 Inc. entered into an At-The-Market Issuance Sales Agreement with Aegis Capital Corp. as the sales agent, allowing the company to offer and sell up to $15 million of its common stock. The proceeds from this offering are intended for working capital and general corporate purposes, with the sales agent receiving a 2% commission on sales. This agreement provides Expion360 with flexibility in raising capital, potentially impacting its financial operations and market presence.

The most recent analyst rating on (XPON) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Expion360, Inc. stock, see the XPON Stock Forecast page.

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.

The most recent analyst rating on (XPON) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Expion360, Inc. stock, see the XPON Stock Forecast page.