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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's recent performance was hindered by ongoing losses, despite strong revenue growth and product innovation. The company's reliance on key customers and limited scale are significant concerns. Additionally, the preliminary 2025 financial results, while showing higher revenue and a smaller net loss, may not be sufficient to offset the company's ongoing losses. Furthermore, the recent stockholder letter from the CEO and Chairman of the Board of Directors may have raised more questions than answers, potentially creating uncertainty among investors.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Expion360 and Dealer Accessory Supply Announce Strategic Partnership for Launch of DASGen Hybrid Energy Storage System

Feb -17

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Head to Head Survey: Spruce Power (NYSE:SPRU) and Expion360 (NASDAQ:XPON)

Feb -09

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Remote Dynamics (OTCMKTS:RMTD) & Expion360 (NASDAQ:XPON) Head-To-Head Review

Feb -08

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Expion360 Announces Next-Generation Lithium Battery Models

Feb -05

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Zacks Initiates Coverage of Expion360 With Neutral Recommendation

Jan -29

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Why Did Expion360 (XPON) Shares Jump 42% After Hours?

Jan -29

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Expion360 Reports Select Preliminary, Unaudited 2025 Financial Results

Jan -28

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Expion360 Issues Stockholder Letter

Jan -13

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

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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 ->

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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 ->

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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 ->

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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 ->

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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

0.67$

Current Price

0.67$

Potential

-0.00%

Expected Cash-Flows