Wallbox Announces Preliminary Estimated Q2 2024 Revenue of ~€49M, Up By 50% YoY
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced preliminary second quarter 2024 revenue of approximately €49 million, representing nearly 50% year-over-year growth and double digit quarter-over-quarter growth. The primary growth driver for the second quarter was the US market, which experienced over 65% year-over-year revenue growth from increased sales of Wallbox's award-winning home AC chargers and public DC fast chargers. More detailed financial results for the second quarter of 2024 will be released before the market opens on Thursday, August 1, 2024. The company will host a webcast at 8:00 AM ET (2:00 PM CET) the same day, to discuss these results and provide a business update. The prepared remarks by Enric Asunción, co-founder and Chief Executive Officer, and Luis Boada, Chief Financial Officer, will be followed by a question and answer session.