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Wallbox Q2 Earnings Call Highlights
['Max Byerly']
Ticker Report
AC and DC order intake increased 11% from the first quarter, exceeding revenue and lifting total backlog to nearly €12 million.
Regional and Product TrendsEMEA generated €17.7 million of revenue, representing about 74% of Wallbox’s consolidated total and down 22% sequentially.
DC sales were €1.6 million, or 7% of revenue, down 37% sequentially, while DC orders increased 80% to €3 million.
Third-Quarter OutlookFor the third quarter, Wallbox forecast revenue of €29 million to €31 million, gross margin of 38% to 40%, and an adjusted EBITDA loss of €4.5 million to €6.5 million.
He said Wallbox expects improved supplier terms, more stable shipping schedules and greater supply-chain reliability to support its return to growth.