ECARX Earnings Reports

Revenue reached $155.6 million while net loss widened to $45.4 million due to margin pressures and declines in software and service revenue.

ECARX posted a 4% year-over-year increase in revenue for Q4 2024, reaching $265.9 million. The company's operating loss narrowed significantly, and it achieved positive adjusted EBITDA of $10.3 million compared to a loss of $32.4 million in the previous year. Net loss decreased substantially to $5.3 million from $44.7 million in Q4 2023, mainly due to lower operating expenses and a gain from the partial sale of an equity investment.