UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2024
Commission File Number: 001-40865
Wallbox N.V.
(Translation of registrant’s name into English)
Carrer del Foc, 68
Barcelona, Spain 08038
Tel: +34 930 181 668
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
EXPLANATORY NOTE
On August 1, 2024, Wallbox N.V. (the “Company” or “Wallbox”) released information regarding its results of operations for the three months ended June 30, 2024. A copy of the Company’s press release and presentation materials are furnished hereto as Exhibits 99.1 and 99.2, respectively.
WALLBOX N.V. SECOND QUARTER 2024 FINANCIAL RESULTS
Second Quarter 2024 Highlights:
| • | For the second quarter of 2024, the Company had revenue of €48.8 million, gross margin of 39.1% and operating loss of €25.3 million. |
| • | The Company sold approximately 380 DC units and 48,500 AC units in the quarter. |
| • | Labor costs and other operating expenses were €32.3 million and capital expenses were €2.7 million. |
| • | As of June 30, 2024, the Company had inventory of €84.9 million. |
| • | As of June 30, 2024, the Company had approximately €65 million of cash, cash equivalents and financial investments and approximately €91 million of long-term debt. |
| • | AC and DC chargers sales and software, services and other services and products represented approximately 66% and 22% and 12% of our global consolidated revenue, respectively. |
| • | During the three months ended June 30, 2024, revenues by geography and as a percentage of total revenues were as follows: |
| • | Europe – €34.5 million / 71% |
| • | North America – €11.4 million / 23% |
| • | Asia Pacific – €1.8 million / 4% |
| • | Latin America – €1.2 million / 2% |
Definitions and Basis of Presentation
| • | Gross Margin is defined as revenue less changes in inventory, raw materials and other consumables used. |
| • | Long-term debt includes assumed debt from recent acquisitions and other additional facilities. |
| • | Operating loss consists of the Company’s revenue and other income less changes in inventories and raw materials and consumables used, employee benefits, other operating expenses and amortization and depreciation. |
INCORPORATION BY REFERENCE
The information included in this Report on Form 6-K under the heading “Wallbox N.V. Second Quarter 2024 Financial Results” is hereby incorporated by reference into the Company’s Registration Statement on Form S-8 (File No. 333-263795) and Registration Statements on Form F-3, as amended (Files No. 333-268347, 333-268792, 333-271116, 333-273323 and 333-276491) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished. Exhibit 99.1 and Exhibit 99.2 hereto shall not be deemed incorporated by reference into such registration statements.
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Wallbox N.V. Press Release, dated August 1, 2024 | |
| 99.2 | Wallbox N.V. Presentation, dated August 1, 2024 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Wallbox N.V. | ||||||
| Date: August 1, 2024 | By: | /s/ Enric Asunción Escorsa | ||||
| Enric Asunción Escorsa | ||||||
| Chief Executive Officer | ||||||