Wallbox Announces First Quarter 2024 Financial Results [Yahoo! Finance]
Wallbox N.V. (WBX)
Company Research
Source: Yahoo! Finance
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 period Realized gross margins of 39.6%, which is a 600 basis point improvement from the previous quarter Installed and delivered the first units of Supernova 180 DC fast charger in North America Continued successful integration of ABL, which is now benefiting from Wallbox's sales channels Launched Pulsar Pro in North America Announced $26 million project award from the State of Washington Reduced labor costs by 21% and other operating expenses with 30%, both compared to the same prior year period Ended the period with €83.3 million of cash, cash equivalents and financial investments, positioning Wallbox to execute its strategic plan Executive Commentary Enric Asuncion, CEO of Wallbo
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News
- Wallbox Announces Six Month Milestones in The Acquisition of ABL, A German Leader in EV Charging [Yahoo! Finance]Yahoo! Finance
- Wallbox Announces Six Month Milestones in The Acquisition of ABL, A German Leader in EV ChargingBusiness Wire
- 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 ResultsBusiness Wire
- Are Investors Undervaluing Wallbox N.V. (NYSE:WBX) By 39%? [Yahoo! Finance]Yahoo! Finance
WBX
Analyst Actions
- 5/10/24 - Canaccord Genuity
WBX
Sec Filings
- 5/29/24 - Form 144
- 5/9/24 - Form 6-K
- 4/26/24 - Form 6-K
- WBX's page on the SEC website