Cost structure improvement
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ECD Automotive Design Announces Agreement to Increase Factory Utilization and Drive Fixed-Cost Absorption
Globenewswire· 2025-12-12 14:21
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]
PharmaCielo Completes La Margarita Land Sale, Repays Banco Agrario Loan, Strengthens Balance Sheet, Completes Audit
Globenewswire· 2025-10-06 15:47
Core Viewpoint - PharmaCielo Ltd. has successfully closed the sale of its La Margarita property, which is a strategic move to strengthen its financial position and focus on core growth opportunities in the cannabis market [2][4]. Financial Performance - For the fifteen months ended March 31, 2025, PharmaCielo reported revenue of CAD $487,000, an increase from CAD $240,000 for the same period in the previous year [4]. - The adjusted EBITDA loss improved to CAD $(801,000) from CAD $(1,264,000) year-over-year [4]. - The net loss for the period was CAD $(2,228,000), slightly better than CAD $(2,420,000) for the previous year [4]. - The net loss per share was CAD $(0.013), compared to CAD $(0.014) in the prior year [4]. Transaction Details - The La Margarita property was sold for a gross sale price of COP $26,000,000,000 (approximately CAD $8.6 million) [8]. - Proceeds from the sale were used to fully repay the Banco Agrario Loan, totaling COP $6,129,153,444 (CAD $2.1 million), including principal, interest, and legal costs [8]. - Approximately CAD $4.0 million of the proceeds will be transferred to Canada for corporate payments after loan repayment [8]. Strategic Rationale - The divestment of the La Margarita property aligns with PharmaCielo's strategy to optimize its asset portfolio and focus on high-value opportunities [8]. - The company aims to concentrate resources on expanding its sales pipeline and advancing strategic partnerships to achieve profitability [4][8]. Business Outlook - PharmaCielo is positioned to become profitable in 2026, with a focus on expanding its presence in Latin America, particularly Brazil, and entering new markets such as South Africa, Australia, and the EU [9]. - The company is improving its cost structure by eliminating non-essential expenditures and right-sizing its operations [9]. - PharmaCielo is committed to maintaining EU-GMP compliance while optimizing operational costs and capital investments to deliver high-quality products [16].