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Complete financial analysis of Expion360 Inc. (XPON) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Expion360 Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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Expion360 Inc. (XPON)
About Expion360 Inc.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 5.98M | 7.16M | 4.52M | 1.57M | 1.41M |
| Cost of Revenue | 4.41M | 4.87M | 2.87M | 1.27M | 917.16K |
| Gross Profit | 1.58M | 2.29M | 1.65M | 302.97K | 495.54K |
| Gross Profit Ratio | 26.34% | 31.95% | 36.43% | 19.28% | 35.08% |
| Research & Development | 397.66K | 278.38K | 58.04K | 126.22K | 17.32K |
| General & Administrative | 7.24M | 7.13M | 2.53M | 744.67K | 441.71K |
| Selling & Marketing | 929.22K | 677.68K | 316.43K | 185.97K | 138.57K |
| SG&A | 8.16M | 8.24M | 2.85M | 930.64K | 580.28K |
| Other Expenses | 182.83K | -278.38K | 372.00 | -80.00K | 0.00 |
| Operating Expenses | 8.75M | 8.24M | 2.91M | 976.86K | 597.60K |
| Cost & Expenses | 13.15M | 13.12M | 5.78M | 2.25M | 1.51M |
| Interest Income | 125.85K | 239.00 | 169.00 | 851.00 | 5.00 |
| Interest Expense | 124.51K | 1.61M | 554.04K | 196.89K | 99.07K |
| Depreciation & Amortization | 205.72K | 164.77K | 61.08K | 16.57K | 13.79K |
| EBITDA | -7.12M | -5.77M | -4.10M | -661.04K | -88.27K |
| EBITDA Ratio | -119.09% | -83.11% | -26.60% | -41.77% | -6.25% |
| Operating Income | -7.17M | -5.95M | -1.26M | -673.89K | -102.06K |
| Operating Income Ratio | -119.87% | -83.12% | -27.97% | -42.88% | -7.22% |
| Total Other Income/Expenses | -283.37K | -1.59M | -3.45M | -120.61K | -99.06K |
| Income Before Tax | -7.45M | -7.55M | -4.71M | -874.50K | -201.12K |
| Income Before Tax Ratio | -124.61% | -105.34% | -104.30% | -55.64% | -14.24% |
| Income Tax Expense | 3.29K | -8.85K | 9.30K | 1.98K | 150.00 |
| Net Income | -7.46M | -7.54M | -4.72M | -876.48K | -201.27K |
| Net Income Ratio | -124.66% | -105.22% | -104.50% | -55.77% | -14.25% |
| EPS | -1.08 | -1.23 | -0.73 | -0.14 | -0.03 |
| EPS Diluted | -1.08 | -1.23 | -0.73 | -0.14 | -0.03 |
| Weighted Avg Shares Out | 6.89M | 6.14M | 6.45M | 6.45M | 6.45M |
| Weighted Avg Shares Out (Dil) | 6.89M | 6.14M | 6.45M | 6.45M | 6.45M |
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Source: https://incomestatements.info
Category: Stock Reports
How did Expion360’s gross profit margin change in Q3 2024?
Gross profit for the third quarter of 2024 totaled $0.2 million or 12.1% as a percentage of sales, as compared to $0.5 million or 25.0% as a percentage of sales in the prior year period.
What new partnerships did Expion360 announce in Q3 2024?
Key developments include new partnerships with Scout Campers, Alaskan Campers, and K-Z RV for lithium-ion battery integration, and closing a $10 million public offering.
How did Expion360’s Q3 2024 revenue compare to Q2 2024?
Q3 2024 revenue totaled $1.4 million , up 8.7% sequentially from Q2 2024.
What were Expion360’s Q3 2024 revenue and net loss?
Expion360 (XPON) reported Q3 2024 revenue of $1.4 million, up 8.7% sequentially from Q2, but down 26.5% year-over-year. The company recorded a net loss of $8.8 million compared to $1.8 million in the prior year.