Wallbox N.V.(US:WBX)2025-07-31 13:00Financial Data and Key Metrics Changes - Q2 revenue was €38,300,000, up 2% compared to the previous quarter but down 22% from a record high in Q2 last year [5][29] - Gross margin was 37.8%, stable compared to the previous quarter and within the guided range of 37% to 39% [7][30] - Adjusted EBITDA loss for Q2 was €7,500,000, reflecting a 33% improvement year over year [10][32] - Cash costs, defined as labor costs and operating expenses excluding R&D, decreased by 35% year over year [9][31] Business Line Data and Key Metrics Changes - AC sales generated €26,600,000, representing approximately 69% of total revenue, with a 4% improvement quarter over quarter but down 18% year over year [15] - DC sales remained flat at €4,200,000, contributing 11% to total sales, with expectations for improvement in upcoming quarters [17] - Software and services grew by 27% year over year, generating €7,600,000 or 20% of total revenue [20] Market Data and Key Metrics Changes - Europe contributed €26,100,000 or 68% of total revenue, with a 30% year-over-year growth in the European EV market [12][24] - North America contributed €11,400,000 or 30% of total revenue, with a 5% year-over-year decline in the EV market [13][25] - APAC and LATAM contributed approximately €260,000 and €550,000 respectively, with significant future potential but not prioritized currently [14] Company Strategy and Development Direction - The company aims to selectively invest in sales structures to capture renewed market growth, particularly in Europe and North America [6][12] - Focus on operational efficiency and rightsizing the organization to achieve profitability while maintaining growth [10][28] - The company is leveraging its platform and innovative product portfolio to position itself as a leader in the EV market [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in potential growth in the second half of the year, driven by the recovery of the European EV market [36] - The company recognizes the volatility in the North American market due to changing subsidies and policies but remains optimistic about growth opportunities [25][26] - The strategic focus is on adapting to market dynamics and achieving profitability through a flexible organizational structure [27][28] Other Important Information - The company ended the quarter with approximately €32,400,000 in cash and financial instruments, with total debt increasing by 9% to €182,000,000 [33][34] - Inventory decreased by 33% year over year, reflecting operational improvements [35] Q&A Session Summary Question: Status of the Generac investment - Management confirmed that the partnership with Generac is progressing well, with home chargers being commercialized in North America and integration of app platforms [41][42] Question: Details about the QUASAR two project - Management highlighted that QUASAR two is a bidirectional charger allowing electric car batteries to power homes, with initial deliveries to Kia AV9 owners [46][48] Question: Updates on the ABL acquisition and market momentum - Management reported strong growth in Germany and Spain, with a focus on expanding the sales organization and cross-selling opportunities [59][60]