XPON PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d

XPON ▼ -2.60% at T+5d

SHORT call ✓ call won +2.60% · α vs SPY +4.22% · entry $0.5390 → $0.5250

Next anchor: T+20d tomorrow

Currently $0.5040 · +6.49% from $0.5390 entry (call sign-flipped)

Entry anchored
May 15, 03:43 PM ET
via Databento tick

T+1d

-5.94%

call +5.94% · α +5.29%

$0.5070

settled 26d ago

T+5d

-2.60%

call +2.60% · α +4.22%

$0.5250

settled 22d ago

T+20d

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call — · α —

—

tomorrow

T+60d

—

call — · α —

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in 8w

Price Chart

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Executive Summary

Expion360 reported Q1 2026 net sales of $1.6M, down 24% YoY from $2.0M, with net loss widening to $1.8M from $1.2M. Revenue decline driven by discontinued low-margin accessories and elevated OEM inventory destocking; management expects normalization in Q2 2026. Cash burn continues at $1.1M/quarter with $3.1M cash runway.

Key Financial Metrics

Free Cash Flow

-$1.1M

Gross Margin

25.3%

Actionable Insight

Revenue decline and cash burn at $1.1M/quarter on $3.1M cash give ~2.7 quarters runway without additional financing. Monitor Q2 2026 for OEM inventory normalization and next-gen product launch timing. The 24% YoY revenue drop and widening losses suggest continued dilution risk.

Key Facts

Net sales $1.57M, down 24% YoY from $2.05M
Gross profit $0.40M (25% margin), down 21% YoY from $0.50M (24% margin)
Net loss $1.76M vs $1.15M in prior year period
Operating cash burn $1.13M vs $1.23M YoY
Cash and equivalents $3.06M, unchanged from $2.97M at year-end 2025
Working capital $5.6M vs $6.0M at year-end 2025
Stockholders' equity $6.05M vs $6.54M at year-end 2025
SG&A expenses $2.17M, up 31% from $1.65M YoY
Three next-gen battery models expected commercial availability H2 2026
DASGen Hybrid Energy Storage System partnership for industrial market

Financial Impact

Revenue decline of $0.48M (24% YoY) and net loss increase of $0.61M (53% YoY) on a $7M market cap base

revenuenet lossgross profitoperating cash flow

Risk Factors

Cash runway limited to ~2.7 quarters at current burn rate
OEM inventory normalization may not materialize as expected
Next-gen product launch in H2 2026 may face delays or lower-than-expected adoption
SG&A cost growth (31% YoY) outpacing revenue trajectory
Potential need for dilutive equity financing

Market Snapshot

Exchange

Nasdaq

Sector

Miscellaneous Electrical Machinery, Equipment & Supplies

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3296117

4 reports for XPON

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for XPON — sortable, filterable
	Type				Now
May 15, 2026 28d ago	8-K BEARISH ★ 6/10	$0.5390 $0.5250	▲ +2.60%	▲ +4.22%	$0.5040 (+6.49%)
May 15, 2026 28d ago	Press Release BEARISH ★ 6/10	$0.5390 $0.5250	▲ +2.60%	▲ +4.22%	$0.5040 (+6.49%)
Apr 30, 2026 6w ago	10-K/A NEUTRAL ★ 3/10	$0.7010 $0.6590	▼ −5.99%	▼ −8.34%	$0.5040 (−28.10%)
Mar 17, 2026 12w ago	Press Release MIXED ★ 6/10	$0.6540 $0.6500	▼ −0.61%	▲ +2.04%	$0.5040 (−22.94%)

US Market Status

Market Closed — Opens Mon (49h)

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