Wallbox Q1 Sales $34.749M
Benzinga05-06
Wallbox (NYSE:WBX) reported $34.749 million in sales this quarter.
First Quarter 2026 Highlights and Business Update:
- Generated revenue of €29.7 million in the quarter.
- Delivered Gross Margin1 of 37.3%.
- Adjusted EBITDA1 was €(6.0) million, representing a 23% improvement year-over-year.
- Continued improvement in operational efficiency resulted in a 31% year-over-year reduction in labor costs and operating expenses.
- Reduced inventory by 15% compared to the last quarter, driving incremental cash flow.
- Secured €11 million in interim financing and signed the comprehensive restructuring plan, which enhances the long-term financial visibility.
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