Wallbox Announces First Quarter 2024 Financial Results
Wallbox N.V. (WBX)
Company Research
Source: Business Wire
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, 2024 and provided a business update.First Quarter 2024 Highlights and Business Update:Generated revenue of €43.1 million, an increase of approximately 23% compared to the same prior year periodRealized gross margins of 39.6%, which is a 600 basis point improvement from the previous quarterInstalled and delivered the first units of Supernova 180 DC fast charger in North AmericaContinued successful integration of ABL, which is now benefiting from Wallbox’s sales channelsLaunched Pulsar Pro in North AmericaAnnounced $26 million project award from the State of WashingtonReduced labor costs by 21% and other operating expenses with 30%, both compared to the same prior year periodEnded the period with €83.3 million of cash, cash equivalents and financial inv
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News
- Wallbox (NYSE: WBX) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $5.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- Wallbox Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Wallbox N.V. (NYSE:WBX) By 39%? [Yahoo! Finance]Yahoo! Finance
- U.S. energy department selects Wallbox for $5.2M tax credit [Seeking Alpha]Seeking Alpha
- Wallbox Selected for $5.2 Million 48C Tax Credit by the U.S. DOE and IRS For Investments in Arlington Factory [Yahoo! Finance]Yahoo! Finance
WBX
Analyst Actions
- 5/10/24 - Canaccord Genuity
WBX
Sec Filings
- 5/9/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/10/24 - Form 6-K
- WBX's page on the SEC website