Core Insights - ECD Automotive Design, Inc. reported a year-to-date revenue growth of 35%, reaching a record $19.9 million, with gross profit increasing by 69% to $5.6 million for the nine months ended September 30, 2024 [5][13][14]. Financial Performance - For the third quarter of 2024, revenue increased by 30% to $6.4 million compared to $5.0 million in the same quarter of 2023, driven by increased volume, higher average selling prices, and increased used vehicle sales [7][9]. - Gross profit for the third quarter of 2024 was $2.0 million, representing 31.1% of revenue, compared to $1.0 million or 19.4% of revenue in the same quarter of 2023 [9]. - The net loss for the third quarter of 2024 was ($2.6) million, compared to a net loss of ($0.2) million in the same quarter of 2023 [11]. - For the nine months ended September 30, 2024, the net loss was ($7.5) million, compared to a net loss of ($0.5) million for the same period in 2023 [16]. Operational Insights - Operating expenses for the nine months ended September 30, 2024, were $7.8 million, up from $3.9 million in the same period of 2023, primarily due to higher general and administrative expenses related to being a public company and costs associated with financial restatements [15]. - The company expects to achieve cash flow break-even at approximately 120 vehicle builds per year [6]. Strategic Initiatives - The CEO emphasized the company's commitment to scaling operations and exploring growth opportunities within the classic car ecosystem, highlighting the launch of a 'store within a store' concept and partnerships aimed at increasing sales [5][8].

Core Insights - ECD Auto Design has begun accepting cryptocurrency payments through BitPay, enhancing its global reach and providing clients with a secure purchasing option for luxury vehicles [1][2][3] Company Overview - ECD Auto Design specializes in custom luxury vehicle restorations, focusing on models such as Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Mustangs, and Toyota FJs [1][7] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers with a combined total of 80 ASE certifications [7] Cryptocurrency Integration - By accepting cryptocurrency, ECD Auto Design aims to cater to a growing demographic of crypto enthusiasts and high-net-worth individuals who value the efficiency of digital transactions [2][5] - The integration of BitPay allows ECD Auto Design to benefit from reduced transaction fees, enhanced security, and next-business-day settlement in USD, mitigating concerns about cryptocurrency volatility [3][4] Industry Impact - ECD Auto Design recognizes the potential of cryptocurrency to transform the luxury automotive industry by enabling faster, more secure, and borderless transactions [5] - BitPay, as a pioneer in blockchain payment processing, supports businesses in adopting cryptocurrency, aiming to increase its acceptance as a future payment method [5][8]

Core Insights - ECD Auto Design has launched the County Collection, a limited-edition series of bespoke Land Rover Defenders inspired by the cultural heritage and landscapes of the United Kingdom [1][2] - The County Collection combines classic design with modern luxury and performance, offering vehicles available for immediate purchase, unlike fully custom builds [2][3] Product Details - Each vehicle in the County Collection is named after a UK county or region, featuring unique color palettes that reflect the history and natural beauty of these areas [1][3] - Initial models include Bedfordshire (Black), Cumbria (Green), Dorset (White), and Essex (Gold), each representing distinct characteristics of their respective regions [3][10] Ownership Experience - Purchasing a County Collection Defender includes a comprehensive ownership experience, emphasizing storytelling, craftsmanship, and exclusivity [5][11] - Owners receive personalized introductions, a curated ECD Journey Book detailing the vehicle's design inspiration, and industry-leading warranty and service [11] Company Background - ECD Auto Design specializes in restoring luxury vehicles, particularly Land Rover Defenders, and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen [8][9] - The company was founded in 2013 by three British automotive enthusiasts and maintains a logistics center in the UK for sourcing classic vehicles [9]

Core Insights - ECD Auto Design has unveiled Project Blanca, a unique Defender 110 that combines elegance, innovation, and off-road capability [1][5][6] Design and Aesthetics - The exterior features a Chawton White finish with Zermatt Silver accents, a laser-cut vertical grille, and French oak wood inserts, enhancing its sophisticated look [1][4] - The interior is designed for luxury, featuring Relicate tan leather seats, chevron-patterned French oak wood flooring, and advanced technology like a Sony Halo touchscreen [2][12] Performance and Engineering - Project Blanca is powered by a GM LT1 V8 engine producing 455 horsepower, paired with a 10-speed automatic transmission for optimal performance [3][11] - The vehicle includes high-performance Alcon brakes, ECD's signature Air Ride suspension, and a dual stainless-steel sport exhaust, ensuring both power and control [3][11] Adventure-Ready Features - The vehicle is equipped with all-terrain tires, a custom spare tire carrier, and a Raptor-coated chassis for durability in challenging conditions [4][11] - Custom smoked turn signals and white-wall styling on tires reinforce its rugged versatility [4] Company Overview - ECD Auto Design specializes in creating bespoke luxury vehicles, restoring classic models with modern performance features [13] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen [13]

Core Concept - ECD Auto Design introduces Project Blanca, a unique Defender 110 that combines luxury, performance, and off-road capability, showcasing the company's commitment to bespoke automotive craftsmanship [1][5][6]. Design and Aesthetics - Project Blanca features a Chawton White exterior with Zermatt Silver accents, a laser-cut vertical grille, and French oak wood inserts, emphasizing its sophisticated design [1][3]. - The interior is designed for comfort and luxury, with relicate tan leather seats, chevron-patterned French oak wood flooring, and advanced technology such as a Sony Halo touchscreen and premium Infinity Kappa speakers [2][11]. Performance and Engineering - The vehicle is powered by a GM LT1 V8 engine producing 455 horsepower, paired with a 10-speed automatic transmission, ensuring smooth performance [3][10]. - Equipped with high-performance Alcon brakes, ECD's signature Air Ride suspension, and a dual stainless-steel sport exhaust, Project Blanca is engineered for both power and control [3][10]. Adventure-Ready Features - Project Blanca is built for exploration with all-terrain tires, a custom spare tire carrier, and a Raptor-coated chassis for durability [4][10]. - The vehicle's design includes features that enhance its rugged versatility while maintaining an elegant aesthetic [4][5]. Company Overview - ECD Auto Design specializes in creating bespoke luxury vehicles, restoring classic models and offering a unique design experience for clients [15]. - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing skilled craftsmen dedicated to high-quality automotive restoration [15].

Core Insights - ECD Auto Design is expanding its Exclusive Inventory program to meet rising demand for high-spec luxury vehicles with immediate availability [1][3] - The company plans to offer an annual collection of approximately 20 unique custom vehicles, showcasing high performance and quality [2] Company Overview - ECD Auto Design specializes in custom luxury vehicle restoration, particularly Land Rover models, combining classic aesthetics with modern performance [11] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen [11] Product Offerings - The Exclusive Inventory includes meticulously crafted Land Rover SUVs, featuring high-performance powertrains such as the LT1 V8 engine generating 455 HP and the LT4 engine producing 650 HP [4][5] - The first models in the expanded inventory are the ECD Custom Defender 110 builds, equipped with advanced features like Alcon brakes and ECD Air Ride suspension [5][6] Design and Customization - ECD emphasizes tailored craftsmanship, with each vehicle designed to meet specific client specifications, ensuring a blend of heritage, performance, and innovation [10] - Two distinct designs are highlighted: Project 001 with a classic Keswick Green exterior and Project 002 with a modern black aesthetic, both featuring luxurious interiors and advanced technology [7][8][9] Market Position - ECD's strategic expansion aligns with its upcoming retail presence, allowing clients to explore and purchase bespoke vehicles directly [3] - The company is committed to providing the strongest warranty in the industry, enhancing customer confidence in their high-performance offerings [2]

Core Achievement - ECD Auto Design has completed its 600th SUV, marking a significant milestone in its 12-year history of luxury vehicle customization [1][5] - The 600th SUV is a Land Rover Defender, symbolizing the foundation of the company's legacy in bespoke automotive design [1][5] Craftsmanship and Customization - Each vehicle produced by ECD is a unique masterpiece, handcrafted to reflect the owner's style and vision, emphasizing the company's commitment to individuality [2][5] - The milestone SUV features a blend of rugged capability and refined elegance, showcasing ECD's dedication to high-quality craftsmanship [3][4] Company Background - ECD Auto Design, founded in 2013, specializes in restoring and customizing luxury vehicles, including classic models like the Land Rover Series and Ford Mustang [9] - The company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen with extensive certifications [9] Future Outlook - ECD aims to continue its legacy of creating one-of-a-kind vehicles, expanding its portfolio to include both rugged SUVs and iconic classic sports cars [6]

Core Insights - ECD Auto Design is focusing on enhancing the client experience in 2025 through new retail locations, innovative product offerings, and local demonstrations [1][6][7] New Retail Locations - ECD Auto Design is opening luxurious retail locations to provide an immersive experience for clients, including: - One Drivers Club in West Palm Beach, featuring a 4,800-square-foot clubhouse and showroom [2] - Ten Easy Street in Nantucket, showcasing exclusive custom builds [2] - The Boutique Studio, which will produce 18 bespoke vehicles in 2025 [2] Innovative Product Launches - ECD is introducing several new vehicle offerings, including: - Reimagined Ford Mustangs with Roush V8 engines and luxurious interiors [2] - Land Rovers for retail sale, expected to be available by Q2 2025 [3] Client-Centric Initiatives - ECD is committed to bringing bespoke luxury vehicles directly to clients through a mobile design studio and test vehicles, enhancing personalized service [4][5] - The initiative will continue in various locations throughout the year, starting in Scottsdale, AZ [5] Commitment to Quality and Craftsmanship - ECD Auto Design emphasizes unmatched craftsmanship and personalized experiences, with a focus on innovation and client satisfaction [7] - Each vehicle is bespoke, taking approximately 2,200 hours to hand-build by master-certified craftsmen [8]

KISSIMMEE, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design has officially kicked off production of the highly anticipated ECD Ford Mustang! Each bespoke car takes the iconic 1966-1970 Ford Mustang and reimagines it with modern technology, precision craftsmanship, and timeless style. It’s more than just a car, it’s a statement of what a classic American muscle car can be. The ECD Ford Mustang is designed for those who appreciate the perfect balance of heritage and innovation and is a masterfully cra ...

KISSIMMEE, Fla., Dec. 12, 2024 (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 and Ford Mustangs announced today that it has signed with Ten Easy Street of Nantucket, a concept showroom, showhouse and gathering space, to expand ECD’s retail presence and showcase its one-of-one vehicles as part of their curated crea ...