Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

<ul><li>Expion360 announced several new OEM relationships that management "expects to generate incremental revenue of $5.0 million in 2025".</li><li> We are electing to be more conservative with our model for the moment but we are still raising our 2025 revenue estimate from $6 million to $8.9 million.</li><li> Our valuation target also remains unchanged at $4/share as the improving 2025 outlook is tempered by concerns about the company's financial condition in 2025.</li></ul>

Expion360 announced several new OEM relationships that management "expects to generate incremental revenue of $5.0 million in 2025". We are electing to be more conservative with our model for the moment but we are still raising our 2025 revenue estimate from $6 million to $8.9 million. Our valuation target also remains unchanged at $4/share as the improving 2025 outlook is tempered by concerns about the company's financial condition in 2025.

XPON: New OEM relationships improve the outlook for 2025