Wallbox Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue fell below guidance as supply constraints delayed backlog conversion, despite solid order intake and a EUR 16.9 million backlog. Adjusted EBITDA loss improved 24% YoY; Q4 guidance calls for EUR 29 million-EUR 31 million revenue.
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Q2 revenue fell 19% sequentially to EUR 23.9 million due to operational constraints, but order intake rose 11%, building a EUR 12 million backlog. Financial restructuring and new capital have strengthened liquidity, with Q3 revenue expected to rebound.
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Q1 2026 revenue fell 12% sequentially to €29.7M, missing guidance due to delayed DC sales amid refinancing. Operational efficiencies improved adjusted EBITDA loss by 18% sequentially. Refinancing plan secured €11M interim funding and extended debt maturities to 2030.
Fiscal Year 2025
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Revenue declined 11% year-over-year in 2025, but gross margin and Adjusted EBITDA improved significantly. Refinancing is nearly complete, with new capital structure and sales strategies expected to restore growth. Q1 2026 guidance anticipates stable revenue and margin.
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Q3 2025 revenue grew 2% year-over-year to EUR 35.5 million, with strong DC sales and improved gross margin at 39.8%, but overall results missed expectations due to weak AC sales and regional headwinds. Efficiency gains and cost controls continued, while a standstill agreement on EUR 179 million debt is in place until December 9.
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Q2 2025 revenue was €38.3 million, up 2% sequentially but down 22% year-over-year, with gross margin stable at 37.8%. Backlog grew by over €5 million, and adjusted EBITDA loss improved 33% year-over-year. Guidance for Q3 anticipates continued growth and margin stability.
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Q1 2025 revenue was EUR 37.6 million, with strong North American growth offsetting European softness. Gross margin improved to 38.1%, and adjusted EBITDA loss narrowed to EUR 7.8 million. Guidance for Q2 anticipates stable revenue and margins, with continued focus on cost control and backlog growth.
Fiscal Year 2024
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Revenue grew 14% year-over-year to EUR 163.9 million despite a challenging EV market, with North America leading growth and significant cost reductions improving adjusted EBITDA. Q4 revenue declined 14% year-over-year but improved sequentially, and guidance targets profitability as revenue scales.
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Q3 revenue grew 7% year-over-year to EUR 34.7 million, with strong North American growth offsetting European softness and a one-off charge. Gross margin was 23% due to a EUR 4 million inventory provision, but is expected to rebound in Q4, with profitability targeted for 2025.
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Q2 2024 revenue grew 48% year-over-year to EUR 48.8 million, driven by strong AC and DC charger sales, especially in North America. Gross margin improved to 39.1%, and a $45 million investment strengthened the balance sheet. Adjusted EBITDA loss narrowed by 47% year-over-year.