Wallbox Reports Q2 Revenue Below Guidance Amid Operational Constraints
Wallbox (NYSE:WBX) reported second-quarter revenue of €23.9 million for the quarter ended June 30, below its guidance range and down sequentially by 19%. The company attributed this to operational constraints during restructuring rather than weaker demand. Order intake increased by 11%, pushing backlog near €12 million. Gross margin remained stable at approximately 38%, but adjusted EBITDA loss widened to €7.8 million due to lower revenue reducing operating leverage. Wallbox secured an equity raise of about €11.8 million and received €10.5 million under Canada's clean-fuel program, while extending debt maturities toward 2030. North American revenue fell sharply year-over-year by around 50%, though EMEA orders rose significantly. The company expects Q3 revenue between €29 million to €31 million and an adjusted EBITDA loss of €4.5 million to €6.5 million as it works through its backlog.
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Topics: backlog_increase ebitda_loss_widening liquidity_actions revenue_miss