Wallbox Q2 Sales $27.805M; Net loss $22.504M
Wallbox (NYSE:WBX) reported $27.805 million in sales this quarter.
Wallbox sold about $28 million worth of electric car chargers this quarter, but spent more money running the business than it earned, losing about $22 million. When a company loses money early on while growing, watch to see if sales keep going up fast enough to eventually become profitable.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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