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 | $641.0K | $68.9K | — | — | — |
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.
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