Expion Energy, Inc. XPON
on the design, assembly, manufacturing, and sale of lithium iron phosphate ("LiFePO4") batteries and supporting accessories
for recreational vehicles ("RVs"), marine, and industrial applications. Our high-powered lithium battery solutions incorporate
innovative concepts and have been designed to include some of the most dense and minimal-footprint batteries in the RV and marine industries.
In addition, we deploy intellectual property strategies to support product development, enhance safety and performance, and strengthen
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $9.7M | $5.6M | $6.0M | $7.2M | $4.5M | — |
| Cost of revenue | $8.3M | $4.5M | $4.4M | $4.9M | $2.9M | — |
| Gross profit | $1.3M | $1.2M | $1.6M | $2.3M | $1.6M | — |
| R&D | $558.9K | $295.3K | $397.7K | $270.1K | $58.0K | — |
| SG&A | $12.0M | $7.9M | $8.7M | $8.2M | $2.9M | — |
| Operating income | -$10.7M | -$6.8M | -$7.2M | -$6.0M | -$1.3M | — |
| Interest expense | $20.2K | $976.6K | $124.5K | $1.6M | $554.0K | — |
| Pre-tax income | -$6.2M | -$13.5M | -$7.5M | -$7.5M | -$4.7M | — |
| Income tax | $150 | $1.5K | $3.3K | $8.8K | $9.3K | — |
| Net income | -$6.2M | -$13.5M | -$7.5M | -$7.5M | -$4.7M | — |
| EPS, basic | -1.13 | -21.03 | -108.25 | — | — | — |
| EPS, diluted | -1.13 | -21.03 | -108.25 | — | — | — |
| Shares, diluted (wtd. avg.) | 5.5M | 641,011 | 68,882 | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $3.0M | $547.6K | $3.9M | $7.2M | $773.2K | $290.7K |
| Receivables | $719.0K | $613.0K | $154.9K | $298.0K | $775.2K | — |
| Inventory | $2.9M | $4.8M | $3.8M | $4.5M | $2.1M | — |
| Total current assets | $7.0M | $7.8M | $8.3M | $12.3M | $4.8M | — |
| Property, plant and equipment | $328.2K | $483.9K | $918.0K | $1.1M | $427.2K | — |
| Total assets | $8.1M | $9.1M | $11.9M | $16.7M | $6.5M | — |
| Accounts payable | $403.8K | $338.1K | $287.0K | $230.2K | $63.2K | — |
| Short-term debt | $31.1K | $31.8K | $50.8K | $71.4K | $51.1K | — |
| Total current liabilities | $996.9K | $5.8M | $4.0M | $1.6M | $1.6M | — |
| Long-term debt | $166.2K | $198.4K | $298.4K | $439.0K | $779.5K | — |
| Total liabilities | $1.5M | $6.6M | $6.6M | $5.1M | $4.3M | — |
| Retained earnings | -$40.8M | -$34.6M | -$21.1M | -$13.6M | -$6.1M | — |
| Total equity | $6.5M | $2.5M | $5.3M | $11.6M | $2.3M | -$1.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$6.1M | -$9.6M | -$5.5M | -$5.5M | -$3.9M | — |
| Depreciation and amortisation | $116.6K | $174.0K | $205.7K | $164.8K | $61.1K | — |
| Stock-based compensation | $1.2M | $616.6K | $560.4K | $2.1M | $188.1K | — |
| Capital expenditure | — | — | $20.2K | $567.4K | $113.7K | — |
| Investing cash flow | $4.2K | $113.4K | $16.6K | -$515.7K | -$113.7K | — |
| Financing cash flow | $8.6M | $6.1M | $2.2M | $12.4M | $4.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001903596-26-000185.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $4.5M | $7.2M | $6.0M | $5.6M | $9.7M |
| Gross profit | — | $1.6M | $2.3M | $1.6M | $1.2M | $1.3M |
| Net income | — | -$4.7M | -$7.5M | -$7.5M | -$13.5M | -$6.2M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Charter or fiscal year changed Item 5.03
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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