Core Insights - ECD Automotive Design, Inc. has received initial orders validating demand for its third-party build agreement, which supports its factory utilization strategy [1][2][3] Group 1: Company Overview - ECD is the largest Land Rover and Jaguar restoration company, known for custom luxury builds including Defenders, Range Rovers, and Jaguar E-Types [1][4] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 98 staff, including 67 craftsmen with a total of 66 ASE certifications [4] Group 2: Recent Developments - Following a recent agreement with a regional 4×4 restoration client, ECD has received its first six orders, which are expected to be executed in the first and second quarters of 2026 [2][3] - The company has dedicated manufacturing space and labor for these builds, allowing for efficient execution independent of its core bespoke programs [2] Group 3: Management Commentary - CEO Scott Wallace emphasized that the early orders confirm the company's competitive advantages in infrastructure, scale, and craftsmanship, contributing to financial objectives such as attractive contribution margins and improved factory utilization [3] - Looking ahead to 2026, the company aims to increase capacity utilization while maintaining high craftsmanship standards [3]

Core Viewpoint - ECD Automotive Design (ECDA) will execute a 1-for-5 reverse stock split of its common stock, effective December 26, 2025, following approval from stockholders [1] Group 1 - The reverse stock split will adjust the trading of ECD common stock on the Nasdaq Capital Market to a split-adjusted basis starting on December 26, 2025 [1] - The final ratio for the reverse stock split was determined by the Company's Board of Directors after stockholder approval at the annual meeting on July 22, 2025 [1]

Core Insights - ECD Automotive Design introduces Project Inizio, showcasing the modernization of classic Series vehicles while preserving their iconic essence [2][6] - The project highlights the potential for customization and performance enhancements in classic vehicles, making them suitable for modern drivers [3][4] Company Overview - ECD Automotive Design is the largest restoration company for Land Rover and Jaguar, specializing in bespoke vehicles like Defenders, Range Rovers, and Jaguar E-Types [2][9] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 95 skilled craftsmen with numerous certifications [9] Project Inizio Details - Project Inizio features a Series III model equipped with a GM 6.2L LS3 V8 engine and a GM Auto Sport 6-speed automatic transmission, enhancing performance while maintaining classic aesthetics [5][8] - The vehicle includes modern upgrades such as heavy-duty axles, EBC FAST brakes, and a Borla stainless exhaust, improving drivability and safety [5][8] Design and Customization - The design of Project Inizio retains classic elements like the upright windscreen and compact wheelbase while incorporating modern engineering for reliability and usability [4][6] - Custom features include a Surrey Canvas Top, Dakota Digital gauges, and a Halo Style Touchscreen Stereo, emphasizing the bespoke nature of ECD's offerings [8]

Group 1 - U.S. stock futures were mostly flat, with Nasdaq 100 futures slipping around 0.01% [1] - Sidus Space, Inc. announced a public offering of 19,230,800 shares at $1.30 per share, leading to a 39.2% decline in its shares to $1.39 in pre-market trading [1] Group 2 - Starfighters Space Inc shares dipped 23.2% to $24.19 after a significant gain of over 370% on Monday [2] - ECD Automotive Design, Inc. fell 15.4% to $0.1650 following a 1-for-5 reverse stock split announcement [2] - CapsoVision Inc dipped 5.6% to $12.35, while Rocket Lab Corp fell 5.3% to $73.46 after a previous 10% jump [2] - Intuitive Machines Inc declined 5.2% to $15.82 despite a price target increase from $14 to $20 by B. Riley Securities [2] - Firefly Aerospace Inc shares declined 4.4% to $27.33 after a 16% increase due to joining the Russell 2000 and Russell 3000 indexes [2] - AST SpaceMobile Inc shares declined 3.1% to $83.82 after a 14% surge related to new satellite details [2]

Core Viewpoint - ECD Automotive Design, Inc. will implement a 1-for-5 reverse stock split effective December 26, 2025, to increase its stock price and meet Nasdaq listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every five pre-split shares into one share, reducing the total outstanding shares from approximately 6,925,006 to about 1,385,002 [3]. - The reverse stock split was approved by stockholders on July 22, 2025, with the final ratio determined by the Board of Directors [2]. - The reverse stock split will not affect the number of authorized shares or the par value of the common stock [3]. Group 2: Shareholder Information - Shareholders holding shares in book-entry form will not need to take action to receive post-split shares, while those with certificated shares will receive instructions from the transfer agent [4]. - No fractional shares will be issued; instead, fractional shares will be rounded up to the nearest whole share [4]. Group 3: Company Overview - ECD is the largest Land Rover and Jaguar restoration company, known for custom luxury builds, including bespoke Defenders and Range Rovers [6]. - Founded in 2013, ECD combines classic vehicle aesthetics with modern performance, employing master-certified craftsmen [6]. - The company's headquarters, the "Rover Dome," spans 100,000 square feet in Kissimmee, Florida, housing 87 staff members, including 67 craftsmen with a total of 66 ASE certifications [6].

Core Insights - ECD Automotive Design, Inc. has signed an agreement to take over select builds from a regional 4x4 restoration shop in southern New England, enhancing its production capacity and operational efficiency [1][2] Company Overview - ECD is the largest Land Rover and Jaguar restoration company globally, known for custom luxury builds including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][3] - The company operates a 100,000-square-foot facility in Kissimmee, Florida, employing 98 staff, including 67 skilled craftsmen with a total of 66 ASE certifications and three master-level certifications [3] Strategic Objectives - The primary objective post-IPO has been to fill production capacity to achieve cash-flow breakeven, leveraging advanced facilities and skilled workforce [2] - The collaboration with regional builders is expected to absorb incremental volume efficiently, providing both parties with benefits in craftsmanship and capacity [2] Financial Implications - By committing at least 10% of production capacity to this new collaboration, ECD anticipates adding a minimum of 20 units per year to its backlog, which is expected to improve cost structure and unit economics [2]

Core Insights - ECD Automotive Design is supporting a young enthusiast named Victor in his project to transform a vintage Series Land Rover into an overland vehicle, aiming to inspire positive moments during the holiday season [2][3] Company Overview - ECD Automotive Design specializes in restoring luxury vehicles, combining classic aesthetics with modern performance, and operates from a 100,000-square-foot facility in Kissimmee, Florida [11] - The company was founded in 2013 by three British automotive enthusiasts and employs 95 skilled workers, holding a total of 80 ASE certifications [11] Project Details - The "Little Blue Truck Project" involves Victor fully rebuilding a 1963 Land Rover Series 2a, with plans to complete the project over two years for a 2,100-mile family adventure, predominantly off-road [3][9] - Victor is funding the project through merchandise sales, including T-shirts and stickers he designed, with all proceeds directed towards the vehicle build [4][9] Community and Character - Victor's story highlights his character traits such as kindness and maturity, exemplified by his efforts to befriend a new classmate and learn Spanish to help her [6] - ECD's support for Victor includes a surprise Christmas gift of painting the vehicle in his dream color and contributing over $500 for essential parts [7] Industry Perspective - The project aims to inspire others to embrace creativity and determination, showcasing that even a teenager can achieve significant dreams with support and community involvement [10] - ECD's CEO emphasizes the importance of celebrating passion and craftsmanship, encouraging a revival of hands-on vehicle building experiences [8]

Core Points - ECD Auto Design held its Third Quarter 2025 Earnings Call on November 24, 2025, featuring key executives including the CEO and CFO [2]. Group 1: Earnings Call Overview - The call was introduced by Chris Donovan from Investor Relations, indicating the presence of the CEO Scott Wallace and CFO Victoria Hay [2]. - The company emphasized that the call may contain forward-looking statements, which are subject to risks and uncertainties that could lead to actual results differing from expectations [3]. Group 2: Financial Reporting - ECD Auto Design will discuss non-GAAP financial measures during the call, with reconciliations provided in a press release issued on November 20, 2025 [4]. - The press release and additional financial documents, including Form 10-K and 10-Qs, are available on the company's Investor Relations website [4].

Financial Data and Key Metrics Changes - ECD Automotive Design reported third-quarter revenue of $5.8 million, a decrease of $1.2 million compared to Q2 2025 and a decrease of $0.6 million year-on-year [24] - Gross profit for the quarter was negative $1.7 million, down $3.1 million from Q2 2025 and down $3.7 million from Q3 2024, primarily due to the completion of older builds [24] - Total operating expenses were $3.4 million, a decrease of $0.6 million from the prior quarter but an increase of $0.8 million from Q3 2024 [26] - Loss from operations was $5.1 million, an increase of $2.5 million from the prior quarter and $4.5 million from the prior year period [27] - Net income was $2.2 million compared to a net loss of $4.3 million in the prior quarter and a net loss of $2.6 million in Q3 2024, attributed to non-cash fair value gains from debt conversion [27] Business Line Data and Key Metrics Changes - The company focused on clearing production of older vehicles, which impacted gross margin, but is now shifting to new client builds with healthier economics [10] - The average selling prices of completed vehicles range between $300,000 and $400,000, with almost 700 vehicles completed to date [9] Market Data and Key Metrics Changes - ECD operates in a $90 billion-plus global classic car ecosystem, with a capital-light model and scalable manufacturing [7] - The company is expanding into high-demand segments, including Porsche 911 restorations, which are expected to elevate average selling prices and drive efficiencies [14] Company Strategy and Development Direction - ECD is diversifying its product offerings and has recently entered the Porsche market with a bespoke Porsche 911 restoration program [13] - The collaboration with Chelsea Truck Company aims to create modern luxury builds, expanding the total addressable market and leveraging existing factory capacity [18] - The company is also opening a second channel through partnerships with dealerships to offer ECD upgrade packages on new vehicle purchases [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged elevated costs from tariffs and shipping, but is implementing measures to optimize sourcing and reshape vendor strategies [10] - The company remains confident in achieving NASDAQ compliance by early 2026 and is focused on executing its growth strategy to deliver long-term value to shareholders [23][30] Other Important Information - ECD received an extension until January 26 to resolve bid price and shareholder equity deficits [23] - The company has initiated sales of common stock under an equity purchase facility agreement, providing capacity for up to $300 million in common stock sales [29] Q&A Session Summary Question: What is the company's strategy for compliance with NASDAQ? - The company is diligently working to resolve bid price and shareholder equity deficits and remains confident in achieving compliance early in 2026 [23] Question: How is the company addressing elevated costs? - Management is evaluating opportunities to reduce shipping and tariff expenses while optimizing sourcing and vendor strategies [10] Question: What are the expectations for the Porsche 911 program? - The company expects to deliver additional Porsche 911 commissions next calendar year and believes this segment could become a meaningful contributor to its offerings [16]

Financial Data and Key Metrics Changes - ECD Automotive Design reported third-quarter revenue of $5.8 million, a decrease of $1.2 million compared to Q2 2025 and a decrease of $0.6 million year-on-year [15] - Gross profit for the quarter was negative $1.7 million, down $3.1 million from Q2 2025 and down $3.7 million from Q3 2024, primarily due to the completion of older builds [15][16] - Loss from operations was $5.1 million, an increase of $2.5 million from the prior quarter and $4.5 million from the prior year period [17] - Net income was $2.2 million compared to a net loss of $4.3 million in the prior quarter and a net loss of $2.6 million in Q3 2024, attributed to non-cash fair value gains from debt conversion [17] Business Line Data and Key Metrics Changes - The company focused on clearing production of older vehicles, which impacted gross margin, but is now shifting to new client builds with healthier economics [7] - The average selling prices of completed vehicles range between $300,000 and $400,000, with almost 700 vehicles completed to date [6] Market Data and Key Metrics Changes - ECD operates in a $90 billion-plus global classic car ecosystem, with a capital-light model and scalable manufacturing [5] - The company is expanding into high-demand segments, including Porsche 911 restorations, which are expected to elevate average selling prices and drive efficiencies [10] Company Strategy and Development Direction - ECD is diversifying its product offerings and has entered the Porsche market with a bespoke Porsche 911 restoration program [9] - The collaboration with Chelsea Truck Company aims to create modern luxury builds, expanding the total addressable market and leveraging existing factory capacity [11][12] - The company is implementing cost-saving measures expected to yield over $1 million in annualized savings, with the majority impacting financials throughout 2026 [8][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged elevated costs from tariffs and shipping, which continue to pressure COGS, but expects margins to normalize following the completion of legacy builds [7][8] - The company remains confident in achieving NASDAQ compliance by early 2026 and is focused on executing its growth strategy to deliver long-term value to shareholders [15][18] Other Important Information - ECD has been granted an extension until January 26 to resolve bid price and shareholder equity deficits [15] - The company has initiated sales of common stock under an equity purchase facility agreement, providing capacity for up to $300 million in common stock sales [18] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with closing remarks from the CEO [20][22]