Companies ›Industrials ›XPON

XPON — Nasdaq Industrial Machinery & Equipment

Expion360 Inc.

$3,27

Open in Charts → Attach watcher ⌖

— —

USD

Set alert

Last 30 days

1D5D1M3M6MYTD1Y5YMax

Live price chart loads from the market-data widget.

Mcap

34,2M USD

P/E

—

EV / Rev

0,1x

Div yield

—

Op margin

-110,9 %

ROE

-103,1 %

Net margin

-64,6 %

Debt / equity

0,03

Beta

—

52w range

—

Volume

—

Day range

—

Prev close

$0,40

Open

—

Next earnings

2026-10-28

Ex-dividend

—

TR 1Y

—

About

Expion360 Inc. is classified under Industrials / Industrial Machinery & Equipment and appears not currently profitable on the latest normalized snapshot.

Business. Expion360 Inc. (XPON) is an industrial machinery and equipment company listed on the Nasdaq stock exchange. The firm operates within the Industrial Goods sector, focusing on the manufacturing and sale of industrial machinery. Headquarters location and specific operating segment details are not provided in the available data.

Classification70 %

SectorIndustrials

Business sectorIndustrial Goods

Industry groupIndustrial Machinery & Equipment

ActivityIndustrial Machinery

Generated · rules-based

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

EarningsQ3 2026 earnings (expected)2026-10-28 · estimated

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

—

valuation pending

Analysts

—

not yet wired

Ownership→

Geode Capital Management, L.L.C.

largest disclosed fund holder

Profitability→

-103,1 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning XPON.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to XPON. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Company
EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Expion360 Inc. (XPON) is an industrial machinery and equipment company listed on the Nasdaq stock exchange. The firm operates within the Industrial Goods sector, focusing on the manufacturing and sale of industrial machinery. Headquarters location and specific operating segment details are not provided in the available data.

Classification70 %

SectorIndustrials

Business sectorIndustrial Goods

Industry groupIndustrial Machinery & Equipment

ActivityIndustrial Machinery

AI synthesis

GENERATED

Expion360 Inc. (XPON) is currently classified as Industrial Machinery within Industrial Machinery & Equipment (Industrials). Classification confidence: 0.70 (rule-based classification). Capital structure on the latest snapshot: total assets 7,530,279 USD, total equity 6,049,599, short-term debt 31,572, long-term debt 158,106. Net cash position is approximately 2,866,860 USD. Self-calculated market cap is 4,214,247 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 1,565,847, gross profit 396,076, operating income -1,770,909, net income -1,762,168. Return on equity ~-103.1%. Return on assets ~-82.8%. Operating-cash-flow to net-income ratio is 0.99. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Filings reference going-concern or substantial-doubt language.; Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] 8-K: 8-K (sec_8k_material) on XPON — filing_type=8-K; max_severity=high; ignored_items=[]; material_items=['5.02']; all_items_found=['5.02']; severity_per_code={'5.02': 'high'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001903596-26-000273). Additional context: 8-K: filing_type=8-K; max_severity=high; ignored_items=[]; material_items=['5.02']; all_items_found=['5.02']; severity_per_code={'5.02': 'high'}; contributing_watchers=sec_8k_material.

Key takeaways

Return on equity is about -103.1%.
Debt to equity is about 0.03x.
[TRIGGER] 8-K: 8-K (sec_8k_material) on XPON — filing_type=8-K; max_severity=high; ignored_items=[]; material_items=['5.02']; all_items_found=['5.02']; severity_per_code={'5.02': 'high'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001903596-26-000273)
false 2026 Q1 --12-31 0001894954 0 0 0 0 1 0001894954 2026-01-01 2026-03-31 0001894954 2026-05-14 0001894954 2026-03-31 0001894954 2025-12-31 0001894954 2025-01-01 2025-03-31 0001894954 us-gaap:CommonStockMember 2024-12-31 0001894954 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001894954 us-gaap:RetainedEarningsMember 2024-12-31 0001894954 2024-12-31 0001894954 us-gaap:CommonStockMember 2025-12-31 0001894954 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001894954 us-gaap:RetainedEarningsMember 2025-12-31 0001894954 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001894954 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001894954 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001894954 us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001894954 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0001894954 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0001894954 us-gaap:CommonStockMember 2025-03-31 0001894954 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001894954 us-gaap:RetainedEarningsMember 2025-03-31 0001894954 2025-03-31 0001894954 us-gaap:CommonStockMember 2026-03-31 0001894954 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0001894954 us-gaap:RetainedEarningsMember 2026-03-31 0001894954 2025-01-01 2025-12-31 0001894954 2024-01-01 2024-12-31 0001894954 xpon:TwoCustomerMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2026-01-01 2026-03-31 0001894954 xpon:TwoCustomerMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2026-01-01 2026-03-31 0001894954 xpon:ThreeCustomerMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2025-01-01 2025-03-31 0001894954 xpon:ThreeCustomerMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2025-01-01 2025-03-31 0001894954 xpon:OneAdditionalCustomerMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2025-01-01 2025-03-31 0001894954 xpon:OneAdditionalCustomerMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2025-01-01 2025-03-31 0001894954 xpon:WarrantsOptionsAndRestrictedStockUnitsMember 2026-01-01 2026-03-31 0001894954 xpon:WarrantsOptionsAndRestrictedStockUnitsMember 2025-01-01 2025-12-31 0001894954 srt:MinimumMember xpon:VehiclesAndTransportationEquipmentMember 2026-03-31 0001894954 xpon:VehiclesAndTransportationEquipmentMember srt:MaximumMember 2026-03-31 0001894954 xpon:ManufacturingEquipmentMember srt:MinimumMember 2026-03-31 0001894954 srt:MaximumMember xpon:ManufacturingEquipmentMember 2026-03-31 0001894954 xpon:OfficeFurnitureAndEquipmentMember srt:MinimumMember 2026-03-31 0001894954 srt:MaximumMember xpon:OfficeFurnitureAndEquipmentMember 2026-03-31 0001894954 xpon:WarehouseEquipmentMember srt:MinimumMember 2026-03-31 0001894954 srt:MaximumMember xpon:WarehouseEquipmentMember 2026-03-31 0001894954 xpon:QAEquipmentMember srt:MinimumMember 2026-03-31 0001894954 srt:MaximumMember xpon:QAEquipmentMember 2026-03-31 0001894954 xpon:ToolingAndMoldsMember srt:MinimumMember 2026-03-31 0001894954 srt:MaximumMember xpon:ToolingAndMoldsMember 2026-03-31 0001894954 us-gaap:WarrantMember 2026-01-01 2026-03-31 0001894954 us-gaap:WarrantMember 2025-01-01 2025-03-31 0001894954 us-gaap:WarrantMember xpon:SeriesAWarrantsMember 2026-01-01 2026-03-31 0001894954 us-gaap:WarrantMember xpon:SeriesBwarrantsMember 2026-01-01 2026-03-31 0001894954 us-gaap:WarrantMember xpon:SeriesBwarrantsMember 2025-01-01 2025-03-31 0001894954 us-gaap:WarrantMember xpon:WarrantsJanuary2025Member 2026-01-01 2026-03-31 0001894954 us-gaap:WarrantMember xpon:WarrantsJanuary2025Member 2025-01-01 2025-03-31 0001894954 xpon:PreFundedWarrantsMember 2026-01-01 2026-03-31 0001894954 xpon:PreFundedWarrantsMember 2025-01-01 2025-03-31 0001894954 xpon:StockOptionsMember 2026-01-01 2026-03-31 0001894954 xpon:StockOptionsMember 2025-01-01 2025-03-31 0001894954 us-gaap:RestrictedStockUnitsRSUMember 2026-01-01 2026-03-31 0001894954 us-gaap:RestrictedStockUnitsRSUMember 2025-01-01 2025-03-31 0001894954 xpon:VehiclesAndTransportationEquipmentMember 2026-03-31 0001894954 xpon:VehiclesAndTransportationEquipmentMember 2025-12-31 0001894954 xpon:FixedAssetsNotInServiceMember 2026-03-31 0001894954 xpon:FixedAssetsNotInServiceMember 2025-03-31 0001894954 xpon:OfficeFurnitureEquipmentMember 2026-03-31 0001894954 xpon:OfficeFurnitureEquipmentMember 2025-12-31 0001894954 xpon:WarehouseEquipmentMember 2026-03-31 0001894954 xpon:WarehouseEquipmentMember 2025-12-31 0001894954 us-gaap:LeaseholdImprovementsMember 2026-03-31 0001894954 us-gaap:LeaseholdImprovementsMember 2025-12-31 0001894954 xpon:QAEquipmentMember 2026-03-31 0001894954 xpon:QAEquipmentMember 2025-12-31 0001894954 xpon:ManufacturingEquipmentMember 2026-03-31 0001894954 xpon:ManufacturingEquipmentMember 2025-12-31 0001894954 xpon:NotePayableSBAMember 2026-01-01 2026-03-31 0001894954 xpon:NotePayableSBAMember 2026-03-31 0001894954 xpon:NotePayableSBAMember 2025-12-31 0001894954 xpon:GMFinancialMember 2026-01-01 2026-03-31 0001894954 xpon:GMFinancialMember 2026-03-31 0001894954 xpon:GMFinancialMember 2025-12-31 0001894954 xpon:October2025PreFundedWarrantMember 2025-10-16 0001894954 xpon:CommonUnitsMember 2025-01-31 0001894954 xpon:PreFundedUnitsMember 2025-01-31 0001894954 xpon:January2025PublicOfferingMember 2025-01-31 0001894954 xpon:WarrantsOptionsMember 2025-01-28 2025-01-31 0001894954 xpon:WarrantInducementMember 2025-01-31 0001894954 2025-01-31 0001894954 2025-08-14 0001894954 xpon:CommonUnitsMember 2024-08-08 0001894954 xpon:PreFundedUnitsMember 2024-08-08 0001894954 xpon:SeriesAWarrantsMember 2024-08-07 2024-08-08 0001894954 xpon:SeriesBwarrantsMember 2024-08-07 2024-08-08 0001894954 xpon:PreReverseStockSplitMember 2024-08-07 2024-08-08 0001894954 xpon:LongTermNonCancellableOperatingLeaseAgreementsMember 2025-05-31 0001894954 xpon:LongTermNonCancellableOperatingLeaseAgreementsMember 2025-05-01 2025-05-31 0001894954 xpon:LongTermNonCancellableOperatingLeaseAgreementsMember 2022-01-01 2022-01-31 0001894954 xpon:LongTermNonCancellableOperatingLeaseAgreementsMember 2022-02-01 2022-02-28 0001894954 xpon:LongTermNonCancellableOperatingLeaseAgreementsMember 2021-01-31 0001894954 xpon:LongTermNonCancellableOperatingLeaseAgreementsMember 2021-01-01 2021-01-31 0001894954 us-gaap:CommonStockMember 2025-01-31 0001894954 xpon:PreFundedWarrantsMember 2025-01-31 0001894954 us-gaap:WarrantMember 2025-01-31 0001894954 us-gaap:StockOptionMember xpon:SeriesBwarrantsMember 2024-12-31 0001894954 us-gaap:StockOptionMember xpon:SeriesBwarrantsMember xpon:WarrantsOptionsMember 2024-12-31 0001894954 xpon:SeriesBwarrantsMember xpon:CashBasisMember 2024-12-31 0001894954 xpon:WarrantsOptionsMember xpon:CashBasisMember xpon:SeriesBwarrantsMember 2024-12-31 0001894954 xpon:CashBasisMember 2025-07-31 0001894954 xpon:SeriesAWarrantsMember 2024-12-31 0001894954 xpon:WarrantsOptionsMember xpon:SeriesAWarrantsMember 2024-12-31 0001894954 xpon:WarrantsOptionsMember xpon:SeriesAWarrantsMember 2025-08-31 0001894954 xpon:WarrantsMember xpon:WarrantsOptionsMember 2025-08-31 0001894954 xpon:WarrantsOptionsMember 2026-03-31 0001894954 xpon:SeriesAWarrantsMember xpon:WarrantsOptionsMember 2026-03-31 0001894954 xpon:SeriesBwarrantsMember xpon:WarrantsOptionsMember 2026-03-31 0001894954 xpon:WarrantsMember xpon:WarrantsOptionsMember 2026-03-31 0001894954 xpon:IncentiveAwardPlan2021Member 2026-03-31 0001894954 us-gaap:EmployeeStockOptionMember xpon:IncentiveAwardPlan2021Member 2026-03-31 0001894954 us-gaap:RestrictedStockUnitsRSUMember xpon:IncentiveAwardPlan2021Member 2026-03-31 0001894954 xpon:IncentiveAwardPlan2021Member 2026-01-01 2026-03-31 0001894954 xpon:IncentiveAwardPlan2021Member 2025-01-01 2025-03-31 0001894954 us-gaap:StockOptionMember 2026-01-01 2026-03-31 0001894954 xpon:SeriesBwarrantsMember 2026-03-31 0001894954 xpon:January2025WarrantsMember 2026-03-31 0001894954 xpon:January2025WarrantsMember 2026-01-01 2026-03-31 0001894954 us-gaap:SeriesAMember 2026-03-31 0001894954 us-gaap:SeriesAMember 2026-01-01 2026-03-31 0001894954 xpon:TwoThousandTwentyOneWarrantsMember 2026-03-31 0001894954 xpon:TwoThousandTwentyOneWarrantsMember 2026-01-01 2026-03-31 0001894954 xpon:TwoThousandTwentyTwoRepricedWarrantsMember 2026-03-31 0001894954 xpon:TwoThousandTwentyTwoRepricedWarrantsMember 2026-01-01 2026-03-31 0001894954 xpon:TwoThousandTwentyTwoWarrantsMember 2026-03-31 0001894954 xpon:TwoThousandTwentyTwoWarrantsMember 2026-01-01 2026-03-31 0001894954 xpon:WarrantSeriesAMember 2026-03-31 0001894954 xpon:WarrantSeriesAMember 2026-01-01 2026-03-31 0001894954 xpon:WarrantJanuary2025Member 2026-03-31 0001894954 xpon:WarrantJanuary2025Member 2026-01-01 2026-03-31 0001894954 us-gaap:WarrantMember 2026-03-31 0001894954 xpon:ExerciseOfStockOptionsMember 2026-03-31 0001894954 us-gaap:WarrantMember us-gaap:SeriesAMember 2026-03-31 0001894954 us-gaap:WarrantMember us-gaap:SeriesBMember 2026-03-31 0001894954 us-gaap:WarrantMember xpon:ExerciseofJanuary2025WarrantsMember 2026-03-31 0001894954 us-gaap:WarrantMember xpon:ExerciseofPreFundedWarrantsMember 2026-03-31 0001894954 us-gaap:WarrantMember xpon:SettlementofRSUsMember 2026-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure xpon:Integer UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
● Our audited financial statements include a statement that there is a substantial doubt about our ability to continue as a going concern and a continuation of negative financial trends could result in our inability to continue as a going concern.

Bull / Bear case

Generated · model-assisted

BULL CASE · 3

The company holds a strong current ratio of 7.07, indicating robust short-term liquidity coverage.

Long-term debt decreased to $166,187 in FY2025, reflecting a reduction in leverage obligations.

Operating income improved by 36.9% year-over-year in FY2025, showing operational efficiency gains.

BEAR CASE · 2

Operating and net margins rank in the bottom quartile of the Industrial Machinery cohort.

The company carries a medium dilution risk, potentially eroding existing shareholder value.

In focus — financials by report

Quarterly

Annual

QUARTERLYFiled 2026-03-31

Q4 2025 · Quarter highlights

Revenue $1.6M; Operating income -$1.8M.

Revenue$1.6M

Operating income-$1.8M

Net income-$1.8M

Free cash flow—

EPS—

Operating cash flow-$1.1M

Financials

Income statement

Revenue$1.6M

Gross profit$396.1k

Operating income-$1.8M

Net income-$1.8M

Margins

Gross margin25.3%

Operating margin-113.1%

Net margin-112.5%

FCF margin—

Balance sheet

Total assets$7.5M

Total liabilities$1.5M

Total equity$6.0M

Cash & equivalents$3.1M

Long-term debt$158.1k

Cash flow

Operating cash flow-$1.1M

CapEx—

Free cash flow—

SBC$53.2k

P&L flow · revenue → net income

Highlights

▍Revenue $1.6M
▍Operating income -$1.8M
▍Net margin -112.5%

Valuation FY

Market price

$3,27

Market cap

$4.2M

Enterprise valueⓘ

$1.3M

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

0.1x

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

0.7x

P / Tangible bookⓘ

0.7x

Tangible book

$6.0M

Net cashⓘ

$2.9M

Current ratioⓘ

6.4

Debt / equityⓘ

0.0

ROAⓘ

-82.8%

ROEⓘ

-1.0%

Cash conversionⓘ

99.0%

CapEx / revenueⓘ

—

SBC / revenueⓘ

12.1%

Dilution ratioⓘ

-8.6%

Revenue by segment

Business relationships

Business relationships1 disclosed relationship · 1 type · extracted from filings & disclosures

Customers1

Camping World Holdings IncCWH.OCustomer95%Source ↗

Supply chain

Vendors → XPON ↔ Partners → Customers · click any node to drill

1 mention in 10-K0 from corporate websites0 from news dispatches

Updated 2026-06-24

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskMedium

Liquidity riskHigh

Filing-based flags

Filings reference going-concern or substantial-doubt language.
Source documents mention dilution or offering risk.

Benchmarks vs cohort

Op Margin-110,9 %Bottom quartile

Net Margin-64,6 %Bottom quartile

ROE-103,1 %Bottom quartile

D/E0,03Above P75

Cash Conv0,99Above median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

Derivative transactions

Net acquired 137 766 sh6 grants6 insiders

Heagen Carson E.Chief Operating Officer · Stock Option (Right to Buy) → Common StockAcquired 32 966 @ $0,77grant · 2025-07-31
Lefevre GeorgeDirector · Stock Option (Right to Buy) → Common StockAcquired 5 000 @ $0,93grant · 2025-07-31
Nguyen Tien QuocDirector · Stock Option (Right to Buy) → Common StockAcquired 5 000 @ $0,93grant · 2025-07-31
Shoun Paul ThomasDirector, President · Stock Option (Right to Buy) → Common StockAcquired 46 281 @ $0,77grant · 2025-07-31
Shum SteveDirector · Stock Option (Right to Buy) → Common StockAcquired 5 000 @ $0,93grant · 2025-07-31
Schaffner Brian PaulDirector, CEO and Interim CFO · Stock Option (Right to Buy) → Common StockAcquired 43 519 @ $0,77grant · 2025-07-31

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Regulatory filings
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data
Reference data

How metrics are computed

Return On Equity
net_income / total_equity
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Enterprise Value
market_cap - net_cash
Price To Book
market_price / (adjusted_book_value / shares_outstanding_diluted)
Market Price
input from market-data provider (delayed close or quote-shim mid)
Price To Tangible Book
market_price / (tangible_book_value / shares_outstanding_diluted)

Source documents

Expion360 Inc. company facts · 2026-07-08
Expion360 Inc. 10-Q 2026-05-15 · 2026-07-08
Expion360 Inc. 10-K 2026-03-17 · 2026-07-08
Expion360 Inc. 10-Q 2025-11-13 · 2026-07-08
Expion360 Inc. 10-Q 2025-08-13 · 2026-07-08
8-K (sec_8k_material) on XPON · 2026-07-08
Expion360 Inc. HA canonical relationships · 2026-07-08

Ownership & reference

Top holders

Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$0M
UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M
Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$0M

Insider activity

Mixed / flat0 buys · 0 sellsnet $04 insiders · last 365d

Bowin Shawna LeeChief Financial Officer · Common StockOther 100 000 · 2025-10-17
Burell Scott RDirector · Common StockOther 40 000 · 2025-10-16
Schaffner Brian PaulDirector · Common StockOther 100 000 · 2025-10-16
Heagen Carson E.Chief Operating Officer · Common StockOther 100 000 · 2025-10-16

Short positioning

114.6Kshares short-20.7% vs prior

1.29days to cover

41.1%short of daily vol

1.7Kfails-to-deliver

as of 2026-07-15 · short-interest report (free)

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

XPONCanonical

Nasdaq · USD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskMedium

Liquidity riskHigh

Filings reference going-concern or substantial-doubt language.

Source documents mention dilution or offering risk.

Relationship graph

This companySectorCustomers

Evidence & claims

From filings & derived data

Gross profit (annual): USD 1.34MUnknown
Net income (annual): USD -6.24MUnknown
EPS (diluted) (annual): USD-PER-SHARES -1Unknown
Operating income (annual): USD -10.7MUnknown
Pre-tax income (annual): USD -6.24MUnknown
R&D expense (annual): USD 558.88KUnknown
Long-term debt (annual): USD 197.25KUnknown
Shares outstanding (annual): 9.78MUnknown
Cash & equivalents (annual): USD 2.97MUnknown
Cost of revenue (annual): USD 8.31MUnknown
Total liabilities (annual): USD 1.54MUnknown
Operating cash flow (annual): USD -6.15MUnknown
Total assets (annual): USD 8.07MUnknown
EPS (basic) (annual): USD-PER-SHARES -1Unknown
Current liabilities (annual): USD 996.94KUnknown
Revenue (annual): USD 9.65MUnknown
Current assets (annual): USD 7.04MUnknown
Shareholders' equity (annual): USD 6.54MUnknown
Current assets (annual): USD 7.84MUnknown
Net income (annual): USD -13.48MUnknown
Current liabilities (annual): USD 5.85MUnknown
Pre-tax income (annual): USD -13.48MUnknown
Shareholders' equity (annual): USD 2.52MUnknown
Cash & equivalents (annual): USD 547.57KUnknown

Showing 24 of 36 surfaced claims.

Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

The Thread

Everything we know, in order

2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date

2026-07-29 22:34 UTCEVENTHa Price Listing XPON remains DEFICIENT (NASDAQ) — cure period. closed below $1.00 for 30 consecutive trading days (last close $0.38). cure deadline 2027-01-17 (172 days remaining).

2026-07-08 04:39 UTCFILINGMaterial 8-K

2026-05-15FILINGQuarterly report →

2026-05-15FILINGCurrent report →

2026-03-31EARNINGSQuarterly results — Q4 2025 Revenue USD 1.6M · Net USD -1.8M

2026-03-17FILINGAnnual report →

2026-03-17FILINGCurrent report →

2026-01-30FILINGCurrent report →

2026-01-28FILINGCurrent report →

2026-01-13FILINGCurrent report →

2025-12-31EARNINGSQuarterly results — Q3 2025

2025-12-31EARNINGSAnnual results — FY 2025 Revenue USD 9.7M · Net USD -6.2M

2025-12-15FILING424B5 filing →

2025-12-15FILINGCurrent report →

2025-11-13FILINGQuarterly report →

2025-11-13FILINGCurrent report →

2025-10-17 00:00 UTCINSIDER4 insider transactions — 2025-10

2025-10-17FILINGCurrent report →

2025-10-17INSIDERBowin Shawna Lee transacted 100.0k sh — Chief Financial Officer

2025-10-16INSIDERBurell Scott R transacted 40.0k sh — Director

2025-10-16INSIDERSchaffner Brian Paul transacted 100.0k sh — Director

2025-10-16INSIDERHeagen Carson E. transacted 100.0k sh — Chief Operating Officer

2025-09-30EARNINGSQuarterly results — Q2 2025 Revenue USD 7.4M · Net USD -1.8M

2025-07-31 00:00 UTCINSIDER9 insider transactions — 2025-07 6 derivative

2025-07-31INSIDERHeagen Carson E. acquired 33.0k sh Stock Option (Right to Buy) — Chief Operating Officer

2025-07-31INSIDERLefevre George acquired 5.0k sh Stock Option (Right to Buy) — Director

2025-07-31INSIDERNguyen Tien Quoc acquired 5.0k sh Stock Option (Right to Buy) — Director

2025-07-31INSIDERShoun Paul Thomas acquired 46.3k sh Stock Option (Right to Buy) — Director, President

2025-07-31INSIDERShum Steve acquired 5.0k sh Stock Option (Right to Buy) — Director

2025-07-31INSIDERSchaffner Brian Paul acquired 43.5k sh Stock Option (Right to Buy) — Director, CEO and Interim CFO

2025-06-30EARNINGSQuarterly results — Q1 2025 Revenue USD 5.0M · Net USD -2.5M

2025-04-09 00:00 UTCINSIDER3 insider transactions — 2025-04

2024-12-31EARNINGSAnnual results — FY 2024 Revenue USD 5.6M · Net USD -13.5M

2024-06-05 00:00 UTCINSIDER2 insider transactions — 2024-06

2024-01-16 00:00 UTCINSIDER7 insider transactions — 2024-01 · net sell $109k

2023-12-31EARNINGSAnnual results — FY 2023 Revenue USD 6.0M · Net USD -7.5M

2023-12-18 00:00 UTCINSIDER1 insider transaction — 2023-12 · net sell $106k

2023-11-16 00:00 UTCINSIDER1 insider transaction — 2023-11

2023-08-23 00:00 UTCINSIDER1 insider transaction — 2023-08

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation FY

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Derivative transactions

Actions

Ask Handelsavisen

Ownership & reference

Top holders

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread