WBX Earnings Prediction
The chart below shows how WBX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WBX sees a -4.84% change in stock price 10 days leading up to the earnings, and a -8.87% change 10 days following the report. On the earnings day itself, the stock moves by -6.55%. This data can give you a slight idea of what to expect for the next quarter's release.
WBX Key Earning Data
2024/Q4
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Net Margin
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WBX Earnings Analysis
Wallbox N.V. Corporation (WBX.N) Earnings Conference Call
Positive
Year-to-Date Revenue Growth: Year-to-date revenue reached €126 million, reflecting a 26% growth compared to the same timeframe last year.
North America Market Growth: In North America, we achieved a 45% year-over-year growth, showcasing strong market performance.
Cost Reduction Efficiency: We reduced labor costs and OpEx by 14% and CapEx spending by 48%, indicating improved efficiency.
Gross Margin Expectations: Gross margin was reported at 23% in Q3, with expectations to return to the 38% to 40% range in the future.
Strong Cash Position: We ended the quarter with approximately €71 million in cash, cash equivalents, and financial instruments, positioning us well for future growth.
Negative
Quarterly Revenue Growth: Revenue for the quarter generated was €34.7 million, representing a 7% year-over-year growth, but impacted by a softer market in Europe for all product categories.
Revenue Charge Impact: We saw this growth offset by a one-off revenue charge of €1.6 million from a return related to a historical bill and hold agreement with a specific customer.
Gross Margin Impact Analysis: Gross margin was 23% in the third quarter, heavily impacted by one-off inventory provision as we continue to develop and improve our different product families, certain components become obsolete or much slower to sell.
EBITDA Loss Impact: Consolidated adjusted EBITDA loss for the quarter was €21.8 million, breaking the improvement trend seen in the last quarter due to the inventory provision.
Inventory Provision Update: The additional inventory provision amount for the quarter is €4 million, which is not a cash out nor a write-off yet.
WBX FAQs
How does WBX typically perform around its earnings report dates?
Is Wallbox N.V. (WBX) Q3 2024 Earnings Call Summary positive or negative?
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WBX Earning Call Sentiment
Wallbox N.V. (WBX) Q3 2024 Earnings Call Transcript
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WBX.N
-10.2%Positive
The earnings call presents a mixed picture. Positive elements include strategic partnerships, product development, and revenue growth guidance. However, the negative adjusted EBITDA, significant financial performance risks, and lack of shareholder return plans weigh down sentiment. The Q&A section did not alleviate concerns, with vague timelines for profitability and continued market volatility. The strategic partnership with Generac and product innovations provide some optimism, but financial losses and market challenges balance this out, leading to a neutral prediction for stock price movement.
