Wallbox N.V. ( (WBX) ) has released its Q1 earnings. Here is a breakdown of the information Wallbox N.V. presented to its investors.
Wallbox N.V. is a global technology company specializing in advanced electric vehicle charging and energy management systems, aiming to redefine user interaction with the energy grid. In its latest earnings report for the first quarter of 2025, Wallbox announced revenues of €37.6 million, surpassing previous forecasts. The company also reported a significant improvement in its gross margin and a notable reduction in operational costs.
Key financial highlights include a 42% improvement in adjusted EBITDA compared to the previous quarter and a strong 142% growth in the North American market year-over-year. Additionally, sales of DC fast chargers increased by 41% from the prior quarter, and operational optimizations led to a 13% reduction in costs. Strategic developments included the launch of pre-orders for the Quasar 2 bidirectional charger in collaboration with KIA and the achievement of certifications for the Supernova product in California.
Wallbox also reached a milestone of producing over 100,000 chargers at its Arlington, Texas facility and secured an agreement to defer debt payments until May 2026. The company remains optimistic about its trajectory towards achieving break-even in adjusted EBITDA, driven by continued operational efficiencies and strategic partnerships.
Looking ahead, Wallbox maintains a cautious yet optimistic outlook for the rest of 2025, focusing on delivering top-tier charging solutions while adhering to strict cost discipline. The company is poised to continue generating long-term value for shareholders through its agile and efficient operational structure.