Financial Data and Key Metrics Changes - Revenue for 2024 was $25.2 million, a 29% increase from $19.5 million in 2023, driven by increased unit sales and higher average selling prices [30] - Gross profit for 2024 increased by 30% to $5.9 million compared to $4.5 million in the previous year, with a gross profit margin of 23.4% [30][32] - The net loss for 2024 was $10.8 million, or $0.32 per diluted share, compared to a loss of $1.2 million, or $0.05 per diluted share, in 2023 [32] Business Line Data and Key Metrics Changes - The company reported a fourth-quarter revenue of $5.3 million, up from $4.8 million in the prior year, attributed to increased sales volume and average sales price [24][25] - The average selling price per vehicle increased by $25,000, contributing to higher revenue [30] Market Data and Key Metrics Changes - The company has begun to establish retail locations, with the first store opening in West Palm Beach, Florida, and a second in Nantucket, which are expected to enhance customer engagement and sales [19][20] - Retail sales currently contribute about 20% of leads and sales, shifting from a previous 100% reliance on digital channels [48] Company Strategy and Development Direction - The company aims to expand its retail presence, planning to open four locations in affluent areas, which is seen as a key growth strategy [23][22] - ECD Auto Design is focusing on enhancing the customer journey and customization options, which has led to an increase in orders for vehicles priced over $500,000 [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by tariffs but emphasized their strategy to mitigate impacts without raising base contract prices for clients [50][51] - The company expects to reach a cash flow positive position by increasing production to about 10 units per month, aided by a backlog of orders [39][40] Other Important Information - The company underwent a re-audit of financial statements due to the shutdown of its prior auditor, which has impacted its reporting timeline [7] - A non-cash write-down of $1.1 million in labor overhead allocation affected gross profit for the fourth quarter [26] Q&A Session Summary Question: Regarding non-recurring charges and growth potential - Analyst inquired about the impact of non-recurring charges on future income from operations, suggesting that reasonable growth could lead to positive results in 2025 [38] Question: Vehicle backlog and its impact - Analyst noted that the 12 vehicles pushed from Q4 to Q1 would provide a cushion for the first half of the year [42] Question: Split between web-based sales and retail locations - Management discussed the shift in sales strategy, noting that retail locations currently contribute 20% of leads and sales, allowing for reduced traditional marketing spending [44][48] Question: Mitigation of tariff impacts - Management explained their strategy to avoid increasing base contract prices while adjusting upgrade pricing to offset tariff impacts [50][51]

Core Concept - ECD Automotive Design has launched Project Big Sky, a custom Defender 110 that showcases luxury craftsmanship and modern engineering, all handcrafted in the USA [1][16]. Design and Craftsmanship - Project Big Sky features a unique Fiat Light Blue exterior, representing a blend of British heritage and American engineering, built entirely by hand at ECD's 100,000-square-foot facility in Florida [2][6]. - The interior is designed for luxury, with Corbeau Trailcat seats wrapped in custom tan leather, offering heated and cooled functionality, and a cohesive design throughout the seating layout [3][8]. - Premium details include custom door cards, Wenge wood cargo panels, and a bespoke double center console, elevating the cabin to a luxury environment [3][9]. Performance Specifications - The vehicle is powered by a GM LT1 V8 engine producing 455 horsepower, paired with an 8-speed automatic transmission and high-performance Alcon brakes, ensuring refined handling and performance [4][14]. - ECD's proprietary Air Ride suspension contributes to the vehicle's performance across various driving environments [4][14]. Unique Features - Project Big Sky includes a range of custom features such as a WARN 10,000 lb winch, LED spotlights, and Optimil exterior components, enhancing both functionality and aesthetic appeal [6][7]. - The vehicle's interior is equipped with advanced technology, including dual wireless chargers, a premium audio system, and various safety features like blind spot assistance and a backup camera [10][18]. Company Background - ECD Automotive Design, trading under NASDAQ: ECDA, specializes in restoring luxury vehicles, combining classic aesthetics with modern performance, and each vehicle is bespoke, taking approximately 2,200 hours to build [17]. - Founded in 2013 by three British automotive enthusiasts, ECD emphasizes high standards of quality and craftsmanship, employing 105 skilled workers with numerous certifications [17].

KISSIMMEE, Fla., April 16, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design (NASDAQ: ECDA), the world's leading creator of restored Land Rovers and custom classic vehicles, proudly unveils Project Big Sky, a bespoke Defender 110 that exemplifies elevated design, personalized craftsmanship, and the spirit of creative luxury—all handcrafted in the U.S.A. View images and video of Project Big Sky Finished in a captivating Fiat Light Blue, Project Big Sky is a one-of-one reinterpretation of the iconic Defender, b ...

Exhibit 99.1 U.S. Auto Manufacturer ECD Auto Design Reports Fourth Quarter and Full Year 2024 Financial Results; Revenues Increase 29% to $25 Million KISSIMMEE, FL / Globe Newswire / April 15, 2025 – U.S. Auto Manufacturer ECD Automotive Design, Inc. (Nasdaq: ECDA) ("ECD" or the "Company"), the world's largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced today its financial res ...

Core Insights - ECD Automotive Design, Inc. reported exceptional growth in 2024, with revenues increasing by 29% to a record $25.2 million, driven by higher sales volume and average selling prices [5][10][7] - The company experienced a gross profit increase of 30% to $5.9 million, reflecting improvements in customer customization and operational efficiency [5][11] - Despite revenue and gross profit growth, ECD reported a net loss of $10.8 million for 2024, primarily due to increased operating expenses related to financial restatements and non-cash items [5][13] Full Year 2024 Highlights - Revenue for the year ended December 31, 2024, was $25.2 million, up from $19.5 million in 2023, attributed to increased volume and higher average selling prices [10] - Gross profit rose to $5.9 million, representing 23.4% of revenue, compared to $4.5 million or 23.2% of revenue in 2023 [11] - Operating expenses increased to $10.4 million from $6.1 million in 2023, mainly due to higher general and administrative costs and one-time legal fees [12] - The net loss for 2024 was $10.8 million, or $(0.32) per diluted share, compared to a net loss of $1.2 million, or $(0.05) per diluted share in 2023 [13] Fourth Quarter 2024 Highlights - Fourth quarter revenues increased by 10% to $5.3 million compared to $4.8 million in the same quarter of 2023, driven by higher sales volume and average selling prices [15] - Gross profit for the fourth quarter was $0.3 million, down from $1.2 million in the same quarter of 2023, impacted by a non-cash write-down of $1.1 million [16] - The net loss for the fourth quarter was $3.3 million, or $(0.11) per diluted share, compared to a net loss of $0.7 million, or $(0.03) per diluted share in the same quarter of 2023 [18] Management Commentary - The CEO highlighted that 2024 was marked by exceptional growth and execution, with a focus on enhancing the customer journey and customization capabilities [5] - Strategic investments in operational infrastructure have significantly contributed to the company's growth, allowing for increased production capacity [6] - ECD plans to expand its retail presence to enhance customer engagement and drive sales, with new locations already contributing to order backlogs [9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File No. 001-41497 ECD AUTOMOTIVE DESIGN, INC. (Exact name of registrant as specified in its charter) Delaware 86-2559175 (S ...

Core Insights - ECD Automotive Design has opened a seasonal pop-up location in Nantucket, coinciding with the Daffodil Festival Weekend, and will host events through December 2025 [1][9] - The company showcases two distinct vehicles, Project Essex and Project Race, highlighting its craftsmanship and performance [2][3][4] Vehicle Highlights - Project Essex is a Bahama Gold Defender 110 soft top featuring a 6.2L GM LT1 V8 engine and 8-speed automatic transmission, designed for a blend of rugged capability and coastal sophistication [3] - Project Race is a vintage-inspired Land Rover Series III 109, powered by a 6.2L GM LS3 V8 and 5-speed manual transmission, representing classic British style with modern performance [4] Customer Engagement - The pop-up at 10 Easy Street serves as a creative hub for potential clients to explore ECD's luxury design process and engage with the brand [5][6] - A dedicated brand ambassador is available for consultations and to guide clients through the custom vehicle build experience [6] Community Collaboration - ECD plans to collaborate with local Nantucket brands for unique lifestyle experiences, culminating in a Nantucket Special Edition vehicle [7] - The details of the special edition vehicle are currently undisclosed, inviting local brands to contribute ideas [8] Company Overview - ECD Automotive Design specializes in restoring luxury vehicles, combining classic design with modern performance, and operates from a 100,000-square-foot facility in Kissimmee, Florida [11] - Each vehicle is bespoke, taking over 2,200 hours to build, and is crafted by master-certified technicians [11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-41497 ECD AUTOMOTIVE DESIGN, INC. (Exact name of registrant as specified in its charter) (State o ...

Year-To-Date Revenue Growth of 35% and Gross Profit dollars increased 69%; Continued Execution of Growth Strategy to Increase Product Line Up and Fill the Factory KISSIMMEE, Fla., March 25, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ:ECDA) ("ECD" or the "Company"), the world's largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced today its financial results for ...

KISSIMMEE, Fla., March 13, 2025 (GLOBE NEWSWIRE) -- ECD Auto Design (NASDAQ: ECDA), the industry leader in bespoke Land Rover Defender restorations, proudly introduces the County Collection—an exclusive Founder-Designed Inventory that pays homage to the rich landscapes and cultural heritage of the United Kingdom. Each vehicle in this limited-edition series is named after a UK county or region, featuring an exclusive color palette inspired by its history, natural beauty, and timeless elegance. A Tribute to ...