Wallbox (NYSE:WBX) Issues Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Wallbox (NYSE:WBX) announced its quarterly earnings results on Thursday. The company reported ($1.90) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $27.30 million for the quarter, compared to analysts’ expectations 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 Stock Performance

WBX stock traded up $0.02 during trading on Friday, hitting $3.23. 14,365 shares of the stock traded hands, compared to its average volume of 91,270. Wallbox has a 1 year low of $2.30 and a 1 year high of $7.83. The firm’s 50 day moving average is $3.76 and its two-hundred day moving average is $3.20.

Insider Activity

In other news, Director Marc Sabe Richer bought 501,361 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $2.72 per share, for a total transaction of $1,363,701.92. Following the completion of the purchase, the director owned 1,512,758 shares in the company, valued at approximately $4,114,701.76. This represents a 49.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pedro Alonso Aguera purchased 501,361 shares of Wallbox stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $2.72 per share, with a total value of $1,363,701.92. Following the transaction, the director directly owned 1,394,705 shares of the company’s stock, valued at $3,793,597.60. This represents a 56.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 1,829,968 shares of company stock worth $4,977,513. Corporate insiders own 33.33% of the company’s stock.

Analysts Set New Price Targets

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