Wallbox Delays Annual Report Filing

Wallbox ( (WBX) ) has released a notification of late filing.

Wallbox N.V., a company based in Barcelona, Spain, has announced a delay in filing its annual report on Form 20-F (Yearly Report) for the financial period ending December 31, 2024. The delay is attributed to the need for additional time to finalize its consolidated financial statements and for the independent registered public accounting firm to complete its audit procedures. Wallbox anticipates filing the report no later than 15 days after the original due date. The company expects a significant increase in net loss for the year, approximately €20 million more than previously disclosed, primarily due to impairments. Wallbox is committed to completing the filing process promptly, as indicated by CEO Enric Asunción Escorsa’s signature on the notification.

Spark’s Take on WBX Stock

According to Spark, TipRanks’ AI Analyst, WBX is a Neutral.

Overall, Wallbox faces significant challenges with profitability and cash flow, which are reflected in the low financial performance score. Technical analysis indicates a bearish trend, and the negative P/E ratio highlights valuation concerns. Despite these issues, the earnings call provided some optimism with revenue growth and strategic initiatives aimed at future recovery.

To see Spark’s full report on WBX stock, click here.

More about Wallbox

YTD Price Performance: -43.94%

Average Trading Volume: 491,685

Technical Sentiment Signal: Buy

Current Market Cap: $93.93M

Find detailed analytics on WBX stock on TipRanks’ Stock Analysis page.