Wallbox N.V., a leading provider of electric vehicle (EV) charging and energy management solutions, has announced its financial results for the first quarter ended March 31, 2025. The company reported revenue of €37.6 million, surpassing the guidance provided in the previous quarter. This marks a significant improvement in the company’s financial performance.
The gross margin for the first quarter of 2025 was reported at 38.1%, representing a 634 basis point increase from the previous quarter. This figure falls within the company’s targeted range, indicating a strong operational efficiency. However, the adjusted EBITDA for the quarter was €(7.8) million, reflecting ongoing challenges in profitability.
Wallbox also filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (SEC). The report is available on the Investor Relations section of Wallbox’s website and on the SEC’s website. Shareholders can request a free hard copy of the complete audited financial statements from the company.
In related news, Wallbox has been featured in various media outlets, emphasizing the importance of proper installation and usage of its charging solutions for electric vehicles. The company’s products are designed to integrate seamlessly into homes, facilitating efficient and convenient charging for EV owners.
Despite the company’s efforts, Wallbox’s stock price continues to reflect the challenges it faces. As of May 4, 2025, the closing price was $0.368, significantly lower than the 52-week high of $1.64 and the 52-week low of $0.252. The company’s market capitalization stands at approximately $82.29 million, and the price-to-earnings ratio is negative at -0.634554, indicating that the company is currently operating at a loss.
Wallbox’s financial results and filings highlight the company’s ongoing efforts to improve its financial performance and operational efficiency. However, the stock price and financial ratios suggest that the company still faces significant challenges in achieving profitability and market valuation.