Core Insights - ECD Automotive Design, Inc. reported financial results for Q1 2025, highlighting a revenue of $6.4 million, a decrease from $7.0 million in the same quarter of 2024, attributed to lower unit volume but offset by higher unit prices [8][9] - The company achieved a gross profit of $1.8 million with a gross margin of 27.5%, an increase of 570 basis points year-over-year, driven by an increase in average selling price [10][7] - ECD signed the largest custom order contract in its history for a Jaguar E-Type GTO valued at $620,000, indicating strong customer demand and a robust design process [4][5] Financial Performance - Revenue for Q1 2025 was $6.4 million, down from $7.0 million in Q1 2024, with lower unit volume slightly offset by higher unit prices [8][9] - Gross profit increased to $1.8 million from $1.5 million year-over-year, with a gross margin of 27.5% [10][8] - Operating expenses rose to $3.7 million in Q1 2025 from $2.5 million in Q1 2024, primarily due to increased general and administrative costs [11][12] Operational Highlights - The company titled 20 vehicles at an average price of $320,000 during the quarter, contributing to a sequential revenue increase [3][4] - ECD opened its first retail "Store within a Store" at One Driver's Club in West Palm Beach, Florida, expanding its market presence [7] - The company is focused on improving its liquidity profile and has taken steps to rationalize public company expenses [6] Market Position - ECD is positioned as the only domestic producer of one-of-one classic luxury restomods, providing a competitive advantage in customization capabilities [5][4] - The company continues to see strong customer demand and opportunities for enhanced profitability through additional customization and operational efficiencies [5][6]