Expion360 (NASDAQ:XPON) Releases Earnings Results, Beats Expectations By $0.64 EPS

Expion360 (NASDAQ:XPON) announced its quarterly earnings data on Thursday. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.64, Zacks reports. Expion360 had a negative return on equity of 78.99% and a negative net margin of 21.76%.The firm had revenue of $2.39 million during the quarter, compared to analyst estimates of $2.68 million.

Expion360 Stock Performance

XPON stock opened at $1.16 on Friday. Expion360 has a 1 year low of $0.60 and a 1 year high of $5.50. The stock has a market capitalization of $4.03 million, a price-to-earnings ratio of -0.05 and a beta of 0.19. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 1.27. The stock’s fifty day moving average is $1.39 and its two-hundred day moving average is $1.20.

Wall Street Analyst Weigh In

XPON has been the subject of a number of research reports. Wall Street Zen raised shares of Expion360 to a “hold” rating in a report on Saturday, September 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Expion360 Company Profile

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 provides battery monitors; direct current battery chargers; various models of industrial tie-downs; power generators AURA POWERCAP; terminal blocks; and bus bars.