Expion360 (NASDAQ:XPON) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$1.89m (up 37% from 3Q 2022).
- Net loss: US$1.81m (loss widened by 42% from 3Q 2022).
- US$0.26 loss per share (further deteriorated from US$0.19 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Expion360 Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's shares are down 5.3% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Expion360 (of which 1 is significant!) you should know about.
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About NasdaqCM:XPON
Expion360
Designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER brand name.
Excellent balance sheet moderate.
