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1. Company Snapshot

1.a. 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.

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1.b. Last Insights on XPON

Expion360 Inc.'s recent performance was negatively impacted by ongoing losses, despite strong revenue growth. The company's 2025 revenue grew 72% to $9.7 million, driven by demand for battery products. However, it incurred a loss, and its limited scale and reliance on key customers are concerns. A Zacks analyst initiated coverage with a "Neutral" rating, citing these factors. Additionally, short interest in the stock decreased by 22.4% in March, indicating potential skepticism among some investors. The company's upcoming earnings report may provide further insight.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Expion360 (NASDAQ:XPON) & Hoya (OTCMKTS:HOCPY) Head-To-Head Review

Apr -14

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Short Interest in Expion360 Inc. (NASDAQ:XPON) Declines By 22.4%

Mar -29

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Analyzing Casio Computer (OTCMKTS:CSIOY) and Expion360 (NASDAQ:XPON)

Mar -27

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Expion360 Incurs Loss in 2025, Narrows Y/Y on Battery Demand

Mar -23

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Expion360 (XPON) Projected to Post Earnings on Thursday

Mar -19

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Expion360 Reports Fourth Quarter and Full Year 2025 Financial and Operational Results

Mar -17

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Financial Survey: Expion360 (NASDAQ:XPON) & ZOOZ Power (NASDAQ:ZOOZ)

Mar -15

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Short Interest in Expion360 Inc. (NASDAQ:XPON) Drops By 64.0%

Feb -26

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.00%)

6. Segments

Premium Lithium Batteries

Expected Growth: 12%

Expion360 Inc.'s premium lithium batteries are driven by increasing adoption in electric vehicles, renewable energy systems, and portable electronics. Growing demand for sustainable energy solutions, government incentives, and declining production costs also contribute to the 12% growth. Additionally, advancements in technology and manufacturing efficiency enable Expion360 to improve product performance and reduce costs, further fueling growth.

7. Detailed Products

Expion360 IoT Platform

A comprehensive IoT platform that enables businesses to connect, monitor, and manage their IoT devices remotely.

Device Management

A device management solution that enables remote monitoring, configuration, and firmware updates for IoT devices.

Data Analytics

A data analytics platform that provides real-time insights and analytics for IoT devices and sensors.

Security and Authentication

A security and authentication solution that provides secure data transmission and access control for IoT devices.

Integration and API Management

A integration and API management solution that enables seamless integration with third-party systems and applications.

Consulting and Professional Services

A consulting and professional services offering that provides expert guidance and implementation support for IoT projects.

8. Expion360 Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Expion360 Inc. is moderate due to the presence of alternative products and services in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the availability of multiple options and the ability of customers to switch to alternative products and services.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the presence of multiple suppliers and the ability of Expion360 Inc. to negotiate prices and terms.

Threat Of New Entrants

The threat of new entrants is moderate due to the presence of barriers to entry and the ability of Expion360 Inc. to differentiate its products and services.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of multiple competitors and the ability of Expion360 Inc. to differentiate its products and services.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 41.00%
Debt Cost 3.95%
Equity Weight 59.00%
Equity Cost 7.15%
WACC 5.84%
Leverage 69.49%

11. Quality Control: Expion360 Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Microvast

A-Score: 4.2/10

Value: 5.7

Growth: 5.6

Quality: 3.3

Yield: 0.0

Momentum: 10.0

Volatility: 0.7

1-Year Total Return ->

Stock-Card
Amprius Technologies

A-Score: 3.9/10

Value: 6.0

Growth: 3.2

Quality: 3.6

Yield: 0.0

Momentum: 10.0

Volatility: 0.7

1-Year Total Return ->

Stock-Card
ESS Tech

A-Score: 3.3/10

Value: 8.4

Growth: 7.3

Quality: 3.6

Yield: 0.0

Momentum: 0.5

Volatility: 0.0

1-Year Total Return ->

Stock-Card
Plug Power

A-Score: 2.9/10

Value: 7.9

Growth: 1.2

Quality: 3.4

Yield: 0.0

Momentum: 4.5

Volatility: 0.3

1-Year Total Return ->

Stock-Card
Expion360

A-Score: 2.9/10

Value: 9.8

Growth: 3.3

Quality: 4.0

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

Stock-Card
Ideal Power

A-Score: 2.7/10

Value: 6.9

Growth: 4.1

Quality: 3.4

Yield: 0.0

Momentum: 0.5

Volatility: 1.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.68$

Current Price

0.68$

Potential

-0.00%

Expected Cash-Flows