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Wallbox ( (WBX) ) has provided an update.
Wallbox N.V. announced its financial results for the fourth quarter and full year ending December 31, 2024, reporting a revenue of €163.9 million for the year, marking a 14% increase from the previous year. Despite facing industry challenges, the company achieved significant growth in the North American market and introduced new products, including the Supernova 220 and Quasar 2. Wallbox also improved operational efficiency by reducing labor costs and operating expenses, and raised approximately $45 million through equity transactions. The company surpassed the milestone of one million EV chargers sold globally, reinforcing its position as a leader in the EV charging industry.
More about Wallbox
Wallbox N.V. is a leading provider of electric vehicle (EV) charging and energy management solutions worldwide. The company is focused on delivering innovative charging solutions and has a strong presence in the EV market, offering products like AC and DC chargers, and energy management software.
YTD Price Performance: -23.79%
Average Trading Volume: 831,721
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $127.8M
Learn more about WBX stock on TipRanks’ Stock Analysis page.