Wallbox reports Q2 revenue EUR3.3M8 vs. EUR48.84M last year

Wallbox (WBX) CEO Enric Asuncion said, “We delivered solid second quarter results, with revenue, Gross Margin1, and Adjusted EBITDA1 all within our guidance range. While macro conditions remain complex and challenging, we are encouraged by the improvement of the European EV market and our potential to continue to grow in North America. AC product sales improved compared to last quarter with software and services showing the fastest growth. During the quarter, Wallbox achieved a major milestone with the installation of its first Quasar 2 units in California, marking a key step in the commercial deployment of its next-generation bidirectional charging technology. Additionally, we secured approximately $15M in new funding, which adds financial flexibility as we continue to execute on our strategy.”