Latest news with #WallboxN.V
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
19-02-2025
- Business
- Yahoo
Insiders were the key beneficiaries as Wallbox N.V.'s (NYSE:WBX) market cap rises to US$124m
Insiders appear to have a vested interest in Wallbox's growth, as seen by their sizeable ownership 54% of the business is held by the top 7 shareholders Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business To get a sense of who is truly in control of Wallbox N.V. (NYSE:WBX), it is important to understand the ownership structure of the business. We can see that individual insiders own the lion's share in the company with 30% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. As a result, insiders scored the highest last week as the company hit US$124m market cap following a 35% gain in the stock. Let's delve deeper into each type of owner of Wallbox, beginning with the chart below. Check out our latest analysis for Wallbox Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in Wallbox. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Wallbox's historic earnings and revenue below, but keep in mind there's always more to the story. Wallbox is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Generac Holdings Inc. with 15% of shares outstanding. For context, the second largest shareholder holds about 8.1% of the shares outstanding, followed by an ownership of 6.8% by the third-largest shareholder. Enrique Escorsa, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer. We also observed that the top 7 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. It seems insiders own a significant proportion of Wallbox N.V.. It has a market capitalization of just US$124m, and insiders have US$37m worth of shares in their own names. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. With a 25% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Wallbox. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Private equity firms hold a 6.8% stake in Wallbox. This suggests they can be influential in key policy decisions. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public. Our data indicates that Private Companies hold 16%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. We can see that public companies hold 15% of the Wallbox shares on issue. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further. It's always worth thinking about the different groups who own shares in a company. But to understand Wallbox better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 3 warning signs for Wallbox you should know about. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
