Expion360 Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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 |
| Gross Margin | 13.9% | 20.5% | 26.3% | 31.9% | 36.4% |
| Operating Expenses | |||||
| Research & Development | $558.9K | $295.3K | $397.7K | $270.1K | $58.0K |
| SG&A Expense | $12.0M | $7.9M | $8.7M | $8.2M | $2.9M |
| Operating Income | $-10.7M | $-6.8M | $-7.2M | $-6.0M | $-1.3M |
| Operating Margin | -110.9% | -120.1% | -119.9% | -83.1% | -28.0% |
| Interest Expense | — | — | $124.5K | $1.6M | $554.0K |
| Pretax Income | $-6.2M | $-13.5M | $-7.5M | $-7.5M | $-4.7M |
| Income Tax Expense | $150 | $-1.5K | $3.3K | $-8.9K | $9.3K |
| Net Income | $-6.2M | $-13.5M | $-7.5M | $-7.5M | $-4.7M |
| Net Margin | -64.6% | -239.6% | -124.7% | -105.2% | -104.5% |
| EPS (Basic) | $-1.13 | $-2.34 | $-1.34 | — | — |
| EPS (Diluted) | $-1.13 | $-2.34 | $-1.34 | — | — |
| Shares Outstanding (Basic) | 5.5M | 5.8M | 5.6M | 551.0M | 348.3M |
| Shares Outstanding (Diluted) | 5.5M | 5.8M | 5.6M | 551.0M | 348.3M |
| Dividends Per Share | — | — | — | — | — |