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Mar 31, 2025
ECD Q1 2025 Earnings Report
ECD reported Q1 2025 results showing expanded gross profit margin and record-high vehicle pricing, despite lower volume and a net loss.
Key Takeaways
ECD Auto Design delivered Q1 2025 revenue of $6.42 million, driven by higher average selling prices. Gross profit margin improved significantly to 27.5%, though the company posted a net loss of $2.75 million due to increased operating expenses and interest costs.
Revenue was $6,421,371, down slightly from the prior year due to lower unit volume
Gross profit margin rose to 27.5%, driven by higher vehicle pricing
Adjusted EBITDA loss was $877,790, impacted by restatement-related expenses
ECD recorded a net loss of $2,750,317 for the quarter
Forward Guidance
ECD is focused on improving liquidity, optimizing unit economics, and expanding customization options to drive profitability.
Positive Outlook
- Record contract signed for Jaguar E-Type GTO at $620,000
- Gross margins among the highest in the industry
- Continued demand for luxury restomod vehicles
- Retail strategy gaining traction with first store launched
- Strong customization capabilities drive margin uplift
Challenges Ahead
- Higher operating expenses impacted profitability
- Net loss continues despite margin gains
- Balance sheet requires strengthening
- Lower vehicle volume compared to prior year
- Convertible debt remains on the books
Historical Earnings Impact
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Avg. Return Before/After Earnings
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