BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that it will release its financial results for the fourth quarter and full year of 2023 before market opens on Wednesday, February 28, 2024. The company will host a webcast at 8:00 AM ET (2:00 PM CET), to discuss these results and provide a business update. The prepared remarks by Enric Asunción, co-founder and Chief Executive Officer, and Jo ...

BARCELONA, Spain--(BUSINESS WIRE)--Wallbox, (NYSE:WBX) a global leader in electric Vehicle (“EV”) charging and energy management solutions, today announced that Supernova 180 has passed the UL 2202 product certification for the American market, with SGS North America Inc. marking the product’s readiness for the North American market. UL 2202 is the North America’s principal standard for safety of DC EV chargers and ensures the safe and efficient use of the device. “We’re thrilled to have reached this mil ...

BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its participation in upcoming institutional investor-focused event: January 16, 2024 at 11:00am ET: 26th Annual Needham Growth Conference VP of IR, Matt Tractenberg, will provide a company presentation and host meetings with investors during this event. Interested investors should reach out to their Needham sales contact directly. About Wall ...

Financial Data and Key Metrics Changes - For Q3 2023, revenue was €32.5 million, down year-over-year due to continued channel destocking [15][31] - Adjusted EBITDA loss was €16.6 million, showing a €4.6 million improvement from Q2 2023 [18][32] - Gross margins were 35%, an increase from the previous quarter but lower than long-term targets [27][54] Business Line Data and Key Metrics Changes - DC charging represented 25% of revenue, while AC charging accounted for 59% and software services and accessories made up the remaining 16% [127] - Unit volumes increased by 30% year-over-year, driven by strength in the U.S. market [7][124] - Approximately 60% of DC units sold were Supernova 150, up from 40% in the prior quarter [27] Market Data and Key Metrics Changes - Europe contributed €22.7 million (70% of total revenue), North America €6.7 million (21%), APAC €2 million (6%), and LatAm €1 million (3%) [22] - Sell-through growth was 22% in Europe and APAC combined, and 16% in North America [124] Company Strategy and Development Direction - The ABL transaction, closed on November 2, is expected to transform the financial profile and provide operational synergies [24][39] - The company aims to achieve profitability in 2024, focusing on cost reduction and operational efficiency [36][82] - The strategy includes diversifying across products, markets, and geographies to reduce reliance on any single market [60] Management's Comments on Operating Environment and Future Outlook - Management noted that the current variability in EV demand is not unexpected and remains optimistic about long-term growth [19][20] - The transition from fossil fuels to alternative energy sources is expected to continue for decades, with significant investments needed for infrastructure [18][19] - Management expressed confidence in achieving breakeven or profitability by Q1 2024 [82] Other Important Information - The company has removed €38.8 million in expenses so far this year, with a target of €50 million in total reductions [31][131] - ABL generated approximately €150 million in sales with positive EBITDA in 2022, but faced challenges in 2023 due to market conditions [128][115] Q&A Session Summary Question: Expectations around reaching EBITDA positive for next year - Management expects to reach profitability for the full year in 2024, with a focus on cost-saving initiatives [35][82] Question: Contribution of ABL in the quarter - ABL did not contribute to Q3 numbers as the transaction closed on November 2, but future contributions are anticipated [68][93] Question: Seasonality impacts on gross margin - Management does not expect significant seasonality impacts on gross margin, with improvements anticipated as new products gain traction [75][100] Question: Details on the ABL acquisition process - The acquisition was competitive, with ABL being a complementary fit for Wallbox, enhancing market share and product offerings [112][111]

Thanks, Brian. Nadia? Operator Thank you. And the next question goes to Abhi Sinha of Northland Capital Markets. Abhi, please go ahead. Your line is open. Abhi Sinha Yes. Hi. Thanks for taking my question. Just wanted to understand if you could elaborate more on, like, what would be your greatest risk for your EBITDA break-even? Like, is there any minimum revenue threshold that you guys are focusing? Like what do you think might happen that might lead you not to reach the EBITDA break-even? Enric Asuncion Y ...

We have a follow-up from Marianne Bulot of Bank of America. Marianne, your line is open. Please go ahead. Matt Tractenberg Wallbox N.V. (NYSE:WBX) Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Matt Tractenberg - VP, IR Jordi Lainz - CFO Conference Call Participants George Gianarikas - Cannacord Genuity Maheep Mandloi - Credit Suisse I would now like to turn the call over to Matt Tractenberg, Wallbox' Vice President of Investor Relations. Matt, please go ahead. I'm joined today by Enric Asuncion, W ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECT ...

wallbox WI Earnings Report M Я А 2 0 2 8 2 0 2 2 Enric Asunción Co-Founder & Chief Executive Officer Jordi Lainz Chief Financial Officer Matt Tractenberg VP, Investor Relations Q4 & FY 2O22 EARNINGS REPORT 2 Forward-Looking Statements 3 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of ...

Wallbox N.V. (NYSE:WBX) Q4 2022 Earnings Conference Call March 1, 2023 8:00 AM ET Company Participants Matt Tractenberg - Vice President, Investor Relations Enric Asuncion - Chief Executive Officer Jordi Lainz - Chief Financial Officer Conference Call Participants George Gianarikas - Canaccord Genuity Maheep Mandloi - Credit Suisse Greg Pendy - Chardan Alec Scheibelhoffer - Stifel Operator Hello everyone, and welcome to Wallbox’s Fourth Quarter and Full-Year 2022 Earnings Conference Call and Webcast. My nam ...

wallbox 0 - Q3 2O22 Earnings Report 2 NOV 9, 2022 M A R 8 2 0 2 Enric Asunción Co-Founder & Chief Executive Officer Jordi Lainz Chief Financial Officer Masud Rabbani Chief Business Officer Matt Tractenberg VP, Investor Relations Q3 2O22 EARNINGS REPORT 2 QUASAR | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | Certain statements made on today's call are forward-looking, that ma ...