Wallbox (NYSE:WBX) Announces Earnings Results, Misses Estimates By $0.09 EPS

Wallbox (NYSE:WBX) announced its quarterly earnings data on Thursday. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.81) by ($0.09), FiscalAI reports. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%. The firm had revenue of $27.30 million during the quarter, compared to the consensus estimate of $41.49 million.

Here are the key takeaways from Wallbox’s conference call:

• Q2 revenue missed guidance, declining 19% sequentially to €23.9 million, while adjusted EBITDA loss widened to €7.8 million from €6 million in Q1 due to reduced operating leverage.
• Order intake rose 11% sequentially, creating a backlog of nearly €12 million; management attributed the revenue shortfall to vendor negotiations and operational constraints rather than weaker demand.
• Wallbox completed its restructuring, raised approximately €15.8 million through planned and separate equity investments, extended most debt maturities toward 2030, and ended the quarter with €25.1 million in cash and financial investments.
• Management expects backlog conversion and improved supplier operations to support a Q3 revenue rebound, guiding to €29 million–€31 million of revenue, 38%–40% gross margin, and a €4.5 million–€6.5 million adjusted EBITDA loss.
• The NYSE accepted Wallbox’s compliance plan, giving the company an 18-month cure period to restore stockholders’ equity or average market capitalization to at least $50 million; its shares remain listed and trading.

Wallbox Price Performance

Wallbox stock traded up $0.02 during trading hours on Friday, reaching $3.23. The company had a trading volume of 14,365 shares, compared to its average volume of 91,270. The company has a 50-day moving average price of $3.76 and a 200 day moving average price of $3.20. Wallbox has a 12-month low of $2.30 and a 12-month high of $7.83.

Insiders Place Their Bets

In other news, Director Marc Sabe Richer bought 501,361 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $2.72 per share, for a total transaction of $1,363,701.92. Following the purchase, the director directly owned 1,512,758 shares in the company, valued at $4,114,701.76. This trade represents a 49.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Francisco Jose Riberas Mera bought 501,361 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $2.72 per share, with a total value of $1,363,701.92. Following the completion of the acquisition, the director directly owned 2,539,771 shares of the company’s stock, valued at approximately $6,908,177.12. The trade was a 24.60% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 1,829,968 shares of company stock valued at $4,977,513 in the last 90 days. 33.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WBX. UBS Group reissued a “neutral” rating and set a $4.00 target price (up from $3.00) on shares of Wallbox in a report on Tuesday, June 30th. Weiss Ratings raised shares of Wallbox from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Finally, Barclays reissued an “overweight” rating and set a $4.00 price target on shares of Wallbox in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.33.

Wallbox Company Profile

Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company’s product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.

Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.