Latest news with #Wallbox
Business Wire
2 days ago
- Automotive
- Business Wire
Wallbox and Ensol Expand Partnership to Deliver Fast Charging Infrastructure in Texas, Florida, and Georgia
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global leader in electric vehicle (EV) charging and energy management solutions, today announced the expansion of its partnership with ENSOL EV, the e-mobility division of Texas-based Ensol Energy Solutions LLC. This next phase of the collaboration includes the deployment of Wallbox's Supernova DC fast chargers across key urban centers and transit corridors locations in Texas, Florida, and Georgia, three states experiencing rapid growth in EV adoption and charging demand. This strategic move builds on the existing relationship between the two companies, which began with ENSOL EV installing Wallbox's Pulsar line of AC chargers at residential and commercial sites. The new phase extends their partnership into DC fast charging for the first time, centered around Wallbox's Supernova charger, now certified under both CTEP and NTEP standards. ENSOL EV plans to pair the Supernova chargers with on-site renewable energy systems, integrating solar and battery storage to further both companies' shared focus on clean energy and long-term mobility solutions. The initial rollout will target high-traffic urban zones and regional transit corridors, where demand for fast, reliable EV charging continues to grow rapidly. 'This expansion is an exciting next step in our work with Ensol and brings our Supernova fast chargers to high-growth EV markets in the U.S.,' said Douglas Alfaro, Chief Business Development Officer at Wallbox. 'States like Texas, Florida, and Georgia are seeing accelerating demand for charging infrastructure, and we're proud to support that shift with reliable, certified fast charging solutions.' 'Our goal is to build charging infrastructure that not only enables electric mobility but is rooted in sustainability as the core of the entire concept,' said Ernesto Figueroa, CEO at ENSOL EV. 'Wallbox's Supernova chargers are a perfect fit for our projects, allowing us to integrate renewable energy and smart technologies seamlessly. We're proud to take this next step together.' Initial installations are scheduled to begin in the second half of 2025, with additional sites to follow through early 2026. The Supernova fast charger delivers up to 180 kW of power and includes integrated smart charging features for optimal energy distribution and uptime performance. About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company's headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit About Ensol ENSOL EV is the electric mobility division of Ensol Energy Solutions LLC, delivering turnkey EV charging solutions across the residential, commercial, and fleet sectors in the United States and Latin America. As part of its commitment to quality and innovation, ENSOL EV has selected Wallbox as its exclusive hardware partner for both Level 2 and DC fast charging solutions, ensuring customers receive cutting-edge, reliable technology backed by expert installation and support. Founded in 2021, ENSOL EV serves high-growth sectors including real estate developments, auto dealerships, and last-mile logistics, providing licensed, insured installation services optimized for the unique requirements of each of these segments. In Latin America, ENSOL EV is focused on deploying commercial fleet charging solutions integrated with solar generation and battery storage systems—offering a sustainable and resilient path to clean mobility. The company also leads the development of Greenera, its public DC fast charging network, which will deploy 500 Wallbox Supernova chargers in the coming years—starting with 100 chargers in its first year of rollout. Headquartered in Texas, ENSOL EV is building the infrastructure to power the future of clean transportation—one charger at a time. For more information, visit Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox's future operating results and financial position, long term profitability and costs optimization, business strategy and plans and market opportunity. The words 'anticipate,' 'believe,' 'can,' 'continue,' 'could,' 'estimate,' 'expect,' 'focus,' 'forecast,' 'intend,' 'likely,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' ''target,' will,' 'would' and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox's history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox's ability to successfully manage its growth; the accuracy of Wallbox's forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox's supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; occurrence of any public health crisis or similar global events as well as the other important factors discussed under the caption 'Risk Factors' in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the 'SEC'), accessible on the SEC's website at and the Investors Relations section of Wallbox's website at Any such forward-looking statements represent management's estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Yahoo
2 days ago
- Automotive
- Yahoo
Wallbox and Ensol Expand Partnership to Deliver Fast Charging Infrastructure in Texas, Florida, and Georgia
BARCELONA, Spain, June 12, 2025--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global leader in electric vehicle (EV) charging and energy management solutions, today announced the expansion of its partnership with ENSOL EV, the e-mobility division of Texas-based Ensol Energy Solutions LLC. This next phase of the collaboration includes the deployment of Wallbox's Supernova DC fast chargers across key urban centers and transit corridors locations in Texas, Florida, and Georgia, three states experiencing rapid growth in EV adoption and charging demand. This strategic move builds on the existing relationship between the two companies, which began with ENSOL EV installing Wallbox's Pulsar line of AC chargers at residential and commercial sites. The new phase extends their partnership into DC fast charging for the first time, centered around Wallbox's Supernova charger, now certified under both CTEP and NTEP standards. ENSOL EV plans to pair the Supernova chargers with on-site renewable energy systems, integrating solar and battery storage to further both companies' shared focus on clean energy and long-term mobility solutions. The initial rollout will target high-traffic urban zones and regional transit corridors, where demand for fast, reliable EV charging continues to grow rapidly. "This expansion is an exciting next step in our work with Ensol and brings our Supernova fast chargers to high-growth EV markets in the U.S.," said Douglas Alfaro, Chief Business Development Officer at Wallbox. "States like Texas, Florida, and Georgia are seeing accelerating demand for charging infrastructure, and we're proud to support that shift with reliable, certified fast charging solutions." "Our goal is to build charging infrastructure that not only enables electric mobility but is rooted in sustainability as the core of the entire concept," said Ernesto Figueroa, CEO at ENSOL EV. "Wallbox's Supernova chargers are a perfect fit for our projects, allowing us to integrate renewable energy and smart technologies seamlessly. We're proud to take this next step together." Initial installations are scheduled to begin in the second half of 2025, with additional sites to follow through early 2026. The Supernova fast charger delivers up to 180 kW of power and includes integrated smart charging features for optimal energy distribution and uptime performance. About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company's headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit About Ensol ENSOL EV is the electric mobility division of Ensol Energy Solutions LLC, delivering turnkey EV charging solutions across the residential, commercial, and fleet sectors in the United States and Latin America. As part of its commitment to quality and innovation, ENSOL EV has selected Wallbox as its exclusive hardware partner for both Level 2 and DC fast charging solutions, ensuring customers receive cutting-edge, reliable technology backed by expert installation and support. Founded in 2021, ENSOL EV serves high-growth sectors including real estate developments, auto dealerships, and last-mile logistics, providing licensed, insured installation services optimized for the unique requirements of each of these segments. In Latin America, ENSOL EV is focused on deploying commercial fleet charging solutions integrated with solar generation and battery storage systems—offering a sustainable and resilient path to clean mobility. The company also leads the development of Greenera, its public DC fast charging network, which will deploy 500 Wallbox Supernova chargers in the coming years—starting with 100 chargers in its first year of rollout. Headquartered in Texas, ENSOL EV is building the infrastructure to power the future of clean transportation—one charger at a time. For more information, visit Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox's future operating results and financial position, long term profitability and costs optimization, business strategy and plans and market opportunity. The words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "focus," "forecast," "intend," "likely," "may," "might," "plan," "possible," "potential," "predict," "project," "should," ""target," will," "would" and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox's history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox's ability to successfully manage its growth; the accuracy of Wallbox's forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox's supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; occurrence of any public health crisis or similar global events as well as the other important factors discussed under the caption "Risk Factors" in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at and the Investors Relations section of Wallbox's website at Any such forward-looking statements represent management's estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. View source version on Contacts Wallbox PR Contact: Albert Cabanespress@
Business Wire
05-06-2025
- Business
- Business Wire
Wallbox Announces $15 Million in Private Placement Financings
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global leader in electric vehicle (EV) charging and energy management solutions, today announced two recent private placements of the Company's Class A ordinary shares for an aggregate of $15 million. The first is an investment of more than $9 million from the Government of Spain through the Spanish Society for Technological Transformation (SETT), which joins Wallbox's shareholder base as part of the Company's financing round from February 2025. Additionally, existing investors including Inversiones Financieras Perseo, S.L. (a subsidiary of Iberdrola), Orilla Asset Management, S.L., Wallbox CEO and Cofounder Enric Asunción, and others contributed more than $5 million through a second investment, reaffirming their continued support for Wallbox's growth and technological leadership. The Spanish Society for Technological Transformation (SETT), a state-owned enterprise under the Ministry for Digital Transformatión and Public Administration, is a public entity dedicated to financing and promoting advanced and transformative technologies. With this investment, SETT supports Wallbox's leadership as a technological frontrunner in the energy transition. This investment by SETT is made through the Next Tech initiative, which aims to encourage private investment and improve access to financing in strategic sectors of the Spanish economy through disruptive technologies. Next Tech is part of the Recovery, Transformation, and Resilience Plan and is one of the key instruments managed by SETT. In addition, SETT oversees two other financial tools designed to strengthen Spain's technological business ecosystem: PERTE Chip, focused on microelectronics and semiconductors, and the Spain Audiovisual Hub, which supports the digitalization and growth of the audiovisual sector. These investments strengthen Wallbox's balance sheet and provide the resources to accelerate the global adoption of its EV charging solutions, advance the digitalization of its solutions, and drive the development of cutting-edge technologies for smarter, more efficient energy management. 'The SETT's support reflects its confidence in our long-term vision and underscores Spain's strategic role in the global energy transition,' said Enric Asunción, CEO and co-founder of Wallbox. 'This investment, along with the continued support from our existing shareholders, strengthens our commitment to developing advanced EV charging and energy management solutions while driving long-term growth.' Supported by public-sector backing and renewed commitment from strategic investors, Wallbox continues to advance its long-term strategy and growth plans. These funding rounds underscore a shared commitment from both the public and private sector to accelerate the transition toward a more sustainable, efficient, and digital mobility. The investment by the Government of Spain through SETT is part of Wallbox's February 2025 financing round and is expected to close on June 13, 2025. The second transaction, backed by existing investors, was successfully completed on June 2, 2025. About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company's headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the expected closing of the private placement with SETT, the expected benefits from the private placement investments, market adoption of digital mobility and EV charging solutions, Wallbox's future operating results and financial position, long term profitability and costs optimization, business strategy and plans and market opportunity. The words 'anticipate,' 'believe,' 'can,' 'continue,' 'could,' 'estimate,' 'expect,' 'focus,' 'forecast,' 'intend,' 'likely,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' ''target,' will,' 'would' and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox's history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; political and economic uncertainty and macroeconomic factors, such as impacts from tariffs and trade barriers, consumer spending, inflation and foreign exchange rates; Wallbox's ability to successfully manage its growth; the accuracy of Wallbox's forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox's supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; executive orders and regulatory changes under the U.S. political administration and uncertainty therefrom, as well as the other important factors discussed under the caption 'Risk Factors' in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the 'SEC'), accessible on the SEC's website at and the Investors Relations section of Wallbox's website at Any such forward-looking statements represent management's estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Business Wire
07-05-2025
- Business
- Business Wire
Wallbox Announces First Quarter 2025 Financial Results
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle ('EV') charging and energy management solutions worldwide, today announced its financial results for the first quarter ended March 31, 2025 and provided a business update. First Quarter 2025 Highlights and Business Update: Generated revenue of €37.6 million in the quarter exceeding the guidance provided last quarter Improved Gross Margin by 634 basis points quarter over quarter, now landing at 38.1% for the first quarter of 2025, within our target range Adjusted EBITDA was €(7.8) million representing a 42% improvement quarter-over-quarter North American sales maintained strong momentum, growing by 142% compared to the same period last year Strong recovery of DC sales, growing 41% compared to last quarter Continued operational optimization resulted in a 13% quarter-over-quarter reduction in labor costs and OPEX Opened pre-orders for Wallbox's Quasar 2 bi-birectional charger, in partnership with KIA, with a target to expand energy capabilities for Kia EV9 Drivers Successfully obtained CTEP and NTEP certifications for the Supernova DC fast charger to boost sales in California, currently, the largest EV market in the USA Finalized debt framework agreement with primary lenders Santander, BBVA, Caixa and the syndicated loan (EBN, ICO, ICF, MoraBanc and COFIDES) to defer debt payments until May 2026 Surpassed the milestone of 100,000 EV chargers produced in the U.S. facility in Arlington, Texas. Executive Commentary Enric Asunción, CEO of Wallbox, said, 'We've kicked off 2025 with a solid first quarter, delivering revenue, Gross Margin, and Adjusted EBITDA in line or better than the guidance provided last quarter. Our growth with strategic partners and the creation of a healthy backlog for the upcoming quarter reinforce our confidence that we're building real momentum. At the same time, we believe the Adjusted EBITDA break-even point is getting closer, thanks to continued gains in operational efficiency and another quarter of cost reductions, all while maintaining revenue. We're also executing on strategic priorities, including opening pre-orders for Quasar 2 and restructuring banking agreements.' Mr. Asunción continued, 'The EV market delivered encouraging growth in the first quarter of 2025, a signal of renewed momentum for the industry. While we remain cautious in our outlook for the remainder of the year given ongoing economic uncertainty, our focus remains unchanged: to deliver best-in-class charging solutions that allow us to continue capturing growth from both existing and new customers, all while maintaining strict cost discipline. We are making meaningful progress across all these fronts. As Wallbox evolves into a more agile and efficient platform for growth, we are confident in our ability to unlock long-term value for our shareholders.' Financial Outlook - Second Quarter 2025 The following reflects the company's expectations for select key financial metrics for the second quarter 2025. Expects second quarter 2025 revenue to be in the range of €37 million and €39 million Expects Gross Margin 1 between 37% and 39% Expects a negative Adjusted EBITDA 1 between €(5) million and €(8) million Conference Call Information Wallbox NV will host a conference call to discuss the results and provide a business update at 8:00 AM Eastern Time today, May 7, 2025. The live audio webcast and accompanying presentation, will be accessible on Wallbox's Investor Relations website at A recording of the webcast will also be available following the conference call. First Quarter 2025 Unaudited Financial Results Wallbox N.V. Wallbox N.V. Cash & Cash Equivalents Wallbox N.V. Investments and Loans & Borrowings Investments and Loans & Borrowings (In thousand Euros) Quarter Ended March 31 Year Ended December 31 2025 2024 2024 2023 Investments in Property, plant and equipment and Intangible Assets Property, plant and equipment 335 845 3,114 9,106 Intangible assets - excluding R&D (salaries capitalized) 378 927 6,790 7,103 Total Investments in Property, plant and equipment and Intangible Assets 713 1,772 9,904 16,209 Non-Current Liabilities – Loans and Borrowings 66,762 95,787 66,659 80,861 Current Liabilities – Loans and Borrowings 132,636 115,845 131,810 126,496 Total Loans and Borrowings 199,398 211,632 198,469 207,357 Expand Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox's expected future operating results and financial position, long term profitability and cost optimization, industry and company growth, business strategy and plans and market opportunity, including in the California market. The words 'anticipate,' 'believe,' 'can,' 'continue,' 'could,' 'estimate,' 'expect,' 'focus,' 'forecast,' 'intend,' 'likely,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' ''target,' will,' 'would' and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox's history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives;political and economic uncertainty and macroeconomic factors, such as impacts from tariffs and trade barriers, consumer spending, inflation and foreign exchange rates; the accuracy of Wallbox's forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox's supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; executive orders and regulatory changes under the U.S. political administration and uncertainty therefrom, as well as the other important factors discussed under the caption 'Risk Factors' in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the 'SEC'), accessible on the SEC's website at and the Investors Relations section of Wallbox's website at Any such forward-looking statements represent management's estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. Non-IFRS Financial Measures Wallbox reports its financial information required in accordance with the International Financial Reporting Standards ('IFRS'). This release includes financial measures not based on IFRS, including Adjusted EBITDA and Gross Margin (the 'Non-IFRS Measure'). See the definitions set forth below for a further explanation of these terms. Wallbox defines 'Gross Margin' as revenue less changes in inventory, raw materials and other consumables used divided by revenue. Wallbox defines EBITDA as loss for the period before income tax credit, financial income, financial expenses, amortization and depreciation, change in fair value of derivative warrants and foreign exchange gains/(losses). We define Adjusted EBITDA as EBITDA for the period further adjusted to take into account the impact of certain non-cash and other items that we do not consider in our evaluation of our ongoing operating performance. These non-cash and other items include, but not are limited to: share based payment plan expenses, certain one-time expenses related to a reduction in workforce initiated in January 2023, certain non-cash expenses related to the ESPP plan launched in January 2023, any negative goodwill arising from business combinations and other items outside the scope of our ordinary activities. Management uses these Non-IFRS Measures as measurements of operating performance because they assist management in comparing the Company's operating performance on a consistent basis, as they remove the impact of items not directly resulting from the Company's core operations; for planning purposes, including the preparation of management's internal annual operating budget and financial projections; to evaluate the performance and effectiveness of our strategic initiatives; and to evaluate the Company's capacity to fund capital expenditures and expand its business. The Non-IFRS Measures may not be comparable to similar measures disclosed by other companies, because not all companies and analysts calculate these measures in the same manner. We present the Non-IFRS Measures because we consider them to be important supplemental measures of our performance, and we believe they are frequently used by securities analysts, investors and other interested parties in the evaluation of companies. Management believes that investors' understanding of our performance is enhanced by including the Non-IFRS Measures as a reasonable basis for comparing our ongoing results of operations. By providing the Non-IFRS Measures, together with reconciliations to IFRS, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives. Items excluded from the Non-IFRS Measures are significant components in understanding and assessing financial performance. The Non-IFRS Measures have limitations as analytical tools and should not be considered in isolation, or as an alternative to, or a substitute for loss for the period, revenue or other financial statement data presented in our consolidated financial statements as indicators of financial performance. Some of the limitations are: such measures do not reflect revenue related to fulfillment, which is necessary to the operation of our business; such measures do not reflect our expenditures, or future requirements for capital expenditures or contractual commitments; such measures do not reflect changes in our working capital needs; such measures do not reflect our share based payments, income tax benefit/(expense) or the amounts necessary to pay our taxes; although depreciation and amortization are not included in the calculation of Adjusted EBITDA, the assets being depreciated and amortized will often have to be replaced in the future and such measures do not reflect any costs for such replacements; and other companies may calculate such measures differently than we do, limiting their usefulness as comparative measures. Due to these limitations, Adjusted EBITDA should not be considered as a measure of discretionary cash available to us to invest in the growth of our business and are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with IFRS. In addition, the Non-IFRS Measures we use may differ from the non-IFRS financial measures used by other companies and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. Furthermore, not all companies or analysts may calculate similarly titled measures in the same manner. We compensate for these limitations by relying primarily on our IFRS results and using the Non-IFRS Measures only as supplemental measures. Reconciliations of the forward-looking non-IFRS measures to the most directly comparable IFRS measures cannot be provided without unreasonable efforts and are not provided herein because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations and certain other items reflected in our reconciliation of historical non-IFRS measures, the amounts of which could be material. About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company's headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit
Yahoo
06-05-2025
- Business
- Yahoo
Wallbox Announces Filing of 2024 Annual Report on Form 20-F
BARCELONA, SPAIN, May 06, 2025--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, has been filed with the Securities and Exchange Commission (SEC). The Annual Report on Form 20-F can be accessed on the Investor Relations section of Wallbox's website at and on the SEC's website at Wallbox's security holders may request free of charge a hard copy of Wallbox's complete audited financial statements by contacting investors@ About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company's headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox's future operating results and financial position, long term profitability and costs optimization, business strategy and plans and market opportunity. The words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "focus," "forecast," "intend," "likely," "may," "might," "plan," "possible," "potential," "predict," "project," "should," ""target," will," "would" and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox's history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox's ability to successfully manage its growth; the accuracy of Wallbox's forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox's supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; occurrence of any public health crisis or similar global events as well as the other important factors discussed under the caption "Risk Factors" in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at and the Investors Relations section of Wallbox's website at Any such forward-looking statements represent management's estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
