Wallbox (NYSE:WBX) Posts Quarterly Earnings Results, Beats Estimates By $0.56 EPS

Wallbox (NYSE:WBX) announced its quarterly earnings data on Wednesday. The company reported ($1.25) EPS for the quarter, beating the consensus estimate of ($1.81) by $0.56, reports. The business had revenue of $34.38 million for the quarter, compared to the consensus estimate of $40.64 million. Wallbox had a negative return on equity of 6,451.74% and a negative net margin of 70.12%.

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

• Wallbox signed a refinancing plan, secured €11 million in interim financing and added banks like HSBC and Citibank to the plan, with the arrangement now submitted to the court for final approval — management says this restores long-term financial visibility for customers and suppliers.
• Q1 revenue missed guidance at €29.7 million (down 12% sequentially), driven mainly by a 28% quarter?over?quarter drop in DC sales as customers postponed orders amid refinancing uncertainty.
• Management reported meaningful cost and operational gains: labor and operating expenses fell to €17.1 million (down 22% q/q and 31% y/y), inventory was reduced 15% q/q (37% y/y), and adjusted EBITDA loss improved 18% q/q (to €6 million), which they say supports a path toward operational profitability.
• For Q2 management guides revenue of €33–36 million, gross margin of 38–40%, and adjusted EBITDA loss of €5–3 million, reflecting expectations of revenue recovery now that the refinancing is in place.

Wallbox Stock Down 3.8%

WBX stock traded down $0.11 during mid-day trading on Friday, hitting $2.77. The company had a trading volume of 16,152 shares, compared to its average volume of 18,245. Wallbox has a 12-month low of $2.30 and a 12-month high of $8.00. The company has a 50-day moving average price of $2.89 and a 200 day moving average price of $3.18.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their price target on shares of Wallbox from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.

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.