Expion360, Inc. (XPON) AI Stock Analysis

• Market Cap: $4.31M
• Dividend Yield: N/A
• Average Volume (3M): 2.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• 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: 3,474,720
• 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: 0.80
• 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: 41 Neutral
• Price Target: $1.00 ▼(-11.50% Downside)

Expion360, Inc. faces significant financial challenges, with poor profitability and cash flow issues being the most critical factors. Technical indicators suggest bearish momentum, and valuation metrics are weak due to negative earnings. Despite positive guidance and strategic initiatives, these factors heavily weigh down the overall score.

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 faces challenges in profitability and cash flow. The balance sheet is stable with manageable leverage, but negative returns on equity and cash flow issues pose risks.

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: 1.13
• 50DMA: Negative
• 100DMA: Negative
• 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 1.20, below the 50-day MA of 1.36, and below the 200-day MA of 1.15, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 38.89 is Neutral, neither overbought nor oversold. The STOCH value of 13.66 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 *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
OESX	58 Neutral	$31.75M	-3.20	-45.94%	―	-12.77%	23.37%
XPON	41 Neutral	$4.31M	-0.05	-35.47%	―	109.37%	99.34%
POLA	41 Neutral	$9.29M	-2.03	-119.92%	―	-44.32%	-49.47%
IPWR	38 Underperform	$42.83M	―	-74.44%	―	-69.65%	11.41%
SDST	26 Underperform	$31.42M	-0.83	―	―	―	61.78%

Expion360, Inc. Corporate Events

Expion360 Reports Improved Sales Amid Ongoing Challenges

Expion360, Inc., based in Redmond, Oregon, designs, assembles, and distributes premium lithium batteries primarily for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications, utilizing lithium iron phosphate technology known for its high energy density and safety. In its latest earnings report, Expion360, Inc. showcased significant improvements in its financial performance for the quarter ended September 30, 2025. The company reported net sales of $2.39 million, a substantial increase from $1.39 million in the same period last year, reflecting a growing demand for its products. Despite this growth, the company continues to face challenges, including a net loss of $1.8 million for the nine months ended September 30, 2025, although it achieved a net income of $0.7 million for the third quarter. The company’s balance sheet shows an increase in cash and cash equivalents to $4.29 million, up from $547,565 at the end of 2024, indicating improved liquidity. However, Expion360 remains cautious about its future, with management acknowledging the need to address ongoing challenges such as pricing pressures, supply chain dependencies, and customer concentration. Looking forward, Expion360’s management is focused on increasing revenue, managing operational expenses, and securing additional capital to sustain growth and achieve profitability.

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.

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.

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.

Expion360 Appoints Shawna Bowin as New CFO

On September 3, 2025, Expion360 announced the resignation of Brian Schaffner as Interim Chief Financial Officer, while he continues as CEO and Director. Shawna Bowin, previously the company’s Controller, was appointed as the new Chief Financial Officer, bringing over 20 years of accounting experience to the role. Her appointment is expected to support Expion360’s growth initiatives, particularly in expanding distribution and advancing their lithium-ion battery technology.

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’s Earnings Call: Growth Amid Challenges

Expion360, Inc. recently held its earnings call, showcasing a blend of optimism and challenges. The company reported significant revenue growth and successful market expansion, reflecting a positive sentiment. However, concerns about declining gross margins and ongoing net losses were also addressed, with the company outlining strategic initiatives to tackle these issues.

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.

The most recent analyst rating on (XPON) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Expion360, Inc. stock, see the XPON Stock Forecast page.