Expion360, Inc. (XPON) AI Stock Analysis

• Market Cap: $3.07M
• Dividend Yield: N/A
• Average Volume (3M): 44.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.64
• Revenue Growth: -5.96%
• EPS Growth: 20.41%
• Country: US
• Employees: 20
• Sector: Industrials
• Sector Strength: 78
• Industry: Electrical Equipment & Parts
• EPS (TTM): 64.57
• Shares Outstanding: 3,374,468
• 10 Day Avg. Volume: 29,969
• 30 Day Avg. Volume: 44,558
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.79
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 3.49
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Expion360, Inc. is currently facing considerable financial challenges, reflected in its poor financial performance and negative valuation metrics, which weigh heavily on its overall score. Despite positive signals from recent earnings calls, such as revenue growth and new partnerships, the stock is technically weak, and valuation remains unattractive. The company needs to significantly improve its financial health and operational execution to enhance stock performance.

Expion360, Inc. Business Overview & Revenue Model

Company Description

Expion360, Inc. (XPON) is a company specializing in the design, manufacture, and distribution of high-capacity lithium-ion batteries and battery systems. Operating primarily within the energy storage and renewable energy sectors, Expion360 focuses on delivering reliable and efficient power solutions for various applications, including recreational vehicles, marine, golf, industrial, residential, and off-grid systems. The company's core products are designed to offer superior performance, longevity, and safety, catering to both individual consumers and businesses seeking advanced energy solutions.

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. The income statement reflects ongoing losses and margin pressures. The balance sheet shows high leverage, and cash flows indicate a reliance on external funding with insufficient internal cash generation. The company needs to improve operational efficiency and manage debt to enhance its financial stability.

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
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
5.98M	7.16M	4.52M	1.57M	1.41M
	Gross Profit
1.58M	2.29M	1.65M	302.97K	495.54K
	EBIT
-7.17M	-5.95M	-1.26M	-673.89K	-102.06K
	EBITDA
-7.12M	-5.77M	-4.10M	-661.04K	-88.27K
	Net Income Common Stockholders
-7.46M	-7.54M	-4.72M	-876.48K	-201.27K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.93M	7.20M	773.24K	290.68K	139.51K
	Total Assets
11.91M	16.70M	6.53M	1.60M	838.88K
	Total Debt
5.96M	4.56M	3.62M	2.67M	1.22M
	Net Debt
2.03M	-2.65M	2.84M	2.37M	1.08M
	Total Liabilities
6.56M	5.09M	4.27M	2.98M	1.34M
	Stockholders Equity
5.35M	11.61M	2.26M	-1.38M	-503.18K
Cash Flow		Free Cash Flow
-5.55M	-6.04M	-4.01M	-1.16M	-132.07K
	Operating Cash Flow
-5.53M	-5.47M	-3.90M	-1.12M	-122.27K
	Investing Cash Flow
16.58K	-515.69K	-113.69K	-36.75K	-9.80K
	Financing Cash Flow
2.25M	12.41M	4.49M	1.31M	177.57K

Expion360, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.91
• 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 Positive. The current price of 0.91 is above the 20-day moving average (MA) of 0.85, below the 50-day MA of 0.96, and below the 200-day MA of 7.42, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 49.80 is Neutral, neither overbought nor oversold. The STOCH value of 57.24 is Neutral, 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	$4.27B	11.81	5.31%	249.66%	4.08%	-8.61%
FLUX	56 Neutral	$28.67M	―	-385.84%	―	-5.96%	-50.28%
XPON	45 Neutral	$3.07M	―	-342.64%	―	-5.96%	20.41%
POLA	44 Neutral	$5.15M	―	-43.10%	―	-8.64%	46.67%
GWH	36 Underperform	$26.39M	―	-130.40%	―	-16.51%	0.19%
DFLI	36 Underperform	$4.55M	―	-438.89%	―	-21.35%	-155.36%

Expion360, Inc. Corporate Events

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.

Spark’s Take on XPON Stock

According to Spark, TipRanks’ AI Analyst, XPON is a Neutral.

Expion360, Inc. is currently facing considerable financial challenges, reflected in its poor financial performance and negative valuation metrics, which weigh heavily on its overall score. Despite a few positive signals from recent earnings calls, such as revenue growth and new partnerships, the stock is technically weak, and valuation remains unattractive. The company needs to significantly improve its financial health and operational execution to enhance stock performance.

To see Spark’s full report on XPON stock, click here.

Expion360 Announces COO Leadership Transition

Expion360 Inc. announced the resignation of its Chief Operating Officer, Paul Shoun, effective April 1, 2025. Shoun will continue as President and Chairman of the Board. Carson Heagen, currently Vice President of Operations, will assume the role of COO, bringing extensive experience in business management and supply chain optimization. This leadership change is part of the company’s strategic efforts to strengthen its operational capabilities.

Expion360’s COO Paul Shoun Returns from Medical Leave

On November 16, 2024, Paul Shoun, Co-Founder and President of Expion360 Inc., took a temporary medical leave from his role as Chief Operating Officer but continued his duties as President and Chairman of the Board. He has since returned to his COO responsibilities, with no changes to his compensation or biographical details. During his absence, Carson Heagan temporarily filled the COO role and has now returned to his position as Vice President of Operations.