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 reported Q3 2025 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 [14] - Gross profit for the quarter was negative $1.7 million, down $3.1 million from Q2 2025 and $3.7 million from Q3 2024, primarily due to the completion of older builds [14][15] - 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 [16] - 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 [16] 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 [6][7] - The average selling price of completed vehicles ranges 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 multiple growth channels including retail and licensing [5] - The company is expanding into the Porsche market with a bespoke Porsche 911 restoration, which is expected to elevate average selling prices and drive efficiencies [8][9] Company Strategy and Development Direction - ECD is diversifying its product offerings and has entered the Porsche market, which aligns with its strategy to target high-demand, high-value segments [8][9] - The collaboration with Chelsea Truck Company aims to create modern luxury builds, expanding the total addressable market and leveraging existing factory capacity [10][11] - The company is also focusing on retail strategies and partnerships with dealerships to enhance brand reach and customer engagement [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing pressures from tariffs and logistics inflation but is implementing measures to optimize sourcing and reshape vendor strategies [7] - The company remains confident in restoring compliance with NASDAQ and is focused on executing its growth strategy to deliver long-term value to shareholders [14][17] Other Important Information - ECD received an extension until January 26 to resolve bid price and shareholder equity deficits [14] - 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 [17] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with closing remarks from management [19][20]

Core Insights - ECD Automotive Design, Inc. reported its third quarter financial results for 2025, highlighting a focus on operational improvements and cost containment while expanding its product lineup with new collaborations and builds [1][5][10]. Financial Performance - Revenue for the third quarter of 2025 was $5.8 million, a decrease from $6.4 million in the same quarter of 2024 [10][11]. - The company experienced a gross loss of $1.7 million in Q3 2025, compared to a gross profit of $2.0 million in Q3 2024, primarily due to the completion of legacy builds and increased tariff-related costs [10][11]. - Net income for the third quarter was $2.2 million, a significant improvement from a net loss of $2.6 million in the prior year, attributed to a non-cash gain from the conversion of debt into preferred stock [10][13]. - Operating expenses increased to $3.4 million, up by $0.8 million from the previous year, mainly due to higher legal fees and lease recognition [12]. - The operating loss for the quarter was reported at $5.0 million, an increase of $4.4 million from the prior year, driven by reduced gross margins and higher administrative costs [12]. Strategic Developments - The company is implementing cost-containment measures expected to yield over $1 million in annual savings through headcount and overhead reductions while maintaining craftsmanship and production capabilities [6][8]. - ECD has diversified its product offerings, including a collaboration with Chelsea Truck Company to produce modern Land Rover Defenders and INEOS Grenadiers, which is anticipated to enhance manufacturing resource utilization [7][10]. - The completion of the first bespoke Porsche 911 build marks ECD's entry into the Porsche restoration market, receiving recognition at a car show [7][10]. Future Outlook - Management believes that the operational groundwork established in Q3 2025 will lead to improved financial performance and sustained value creation as the company progresses into 2026 [8].

Core Insights - ECD Automotive Design has formed a U.S. distribution alliance with Chelsea Truck Company to create a new line of bespoke Land Rover Defender L663 and INEOS Grenadier vehicles under the brand ECD × CTC [3][5] - The collaboration aims to leverage CTC's design expertise and ECD's craftsmanship to produce modern luxury vehicles with faster delivery and refined design execution [4][5] - Since their market introduction, over 100,000 Land Rover Defenders and 12,000 INEOS Grenadiers have been sold in the U.S., indicating a strong demand for these vehicles [4] Company Overview - ECD Automotive Design is the largest restoration company for Land Rover and Jaguar, known for custom luxury builds, and trades under the NASDAQ symbol ECDA [3][6] - The company was founded in 2013 and specializes in restoring classic vehicles, with a focus on high-quality craftsmanship and bespoke designs [6] - ECD's facility in Kissimmee, Florida, spans 100,000 square feet and employs 102 staff, including 67 craftsmen with numerous certifications [6] Collaboration Details - The ECD × CTC collaboration combines British design and parts engineering from CTC with ECD's full-vehicle craftsmanship, enhancing factory utilization and working capital velocity [4][5] - Vehicles will be assembled at ECD's facility using CTC's premium components, aiming for a new class of luxury builds [4] - This partnership allows ECD to expand its total addressable market while maintaining its craftsmanship and design standards [5]

Core Insights - ECD Automotive Design, Inc. announced that its Project Gravette Porsche 993 won Best in Show – European Modified Division at the 2025 Festivals of Speed, showcasing the company's expertise in luxury vehicle restoration and customization [3][4][5] Company Overview - ECD is recognized as the world's largest Land Rover and Jaguar restoration company, specializing in bespoke luxury builds, including models like Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [3][6] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen and technicians with a combined total of 66 ASE certifications [6][7] - ECD's vehicles are fully bespoke, designed through a luxury experience, and hand-built over 2,200 hours by master-certified craftsmen [6] Recent Achievements - The Project Gravette Porsche 993 is ECD's first Porsche 911 customization and has quickly gained recognition for its design and craftsmanship [4][5] - The win at the Festivals of Speed validates ECD's ability to blend classic design with modern performance, enhancing the company's brand visibility and supporting its growth strategy across various channels [5] Product Portfolio - ECD's current restoration offerings include Land Rover Defenders, Land Rover Series IIA, Range Rover Classic, Jaguar E-Type, Ford Mustang, and Toyota FJ, with a focus on high-quality, custom luxury vehicles [6]

Core Viewpoint - ECD Automotive Design, Inc. is entering the Porsche 911 restoration and customization market with the launch of Project Gravette, a bespoke Porsche 993, aiming to redefine the restomod industry and expand its luxury vehicle offerings [1][2][3] Company Overview - ECD is recognized as the world's largest Land Rover and Jaguar restoration company, specializing in custom luxury builds including Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][4] - The company was founded in 2013 by three British automotive enthusiasts and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen and technicians [4][6] Market Expansion - Driven by strong demand from its customer base, ECD is expanding into the Porsche segment, which is viewed as one of the largest and most lucrative markets within the restomod industry [2][3] - The company aims to offer faster build times compared to existing providers, leveraging its successful Mustang program as a model for this expansion [2][3] Product Offering - Project Gravette represents ECD's first Porsche 911 customization, emphasizing a one-of-one design experience that combines heritage performance with modern refinement [3] - The company focuses on low volume, high touch vehicles that command premium prices, enhancing its average selling price and operational efficiencies [3]

Company Overview - ECD Automotive Design (NASDAQ: ECDA) is a leader in reimagined British classics and bespoke performance vehicles, known for creating restored luxury vehicles that blend classic beauty with modern performance [9] - Founded in 2013 by three British automotive enthusiasts, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers with a strong focus on quality and craftsmanship [9] Product Introduction - The latest offering from ECD is Project Brownie, a custom Land Rover Station Wagon that combines the ruggedness of traditional vehicles with the performance of a supercar, featuring a hand-built 6.2L GM LT4 Supercharged V8 engine delivering 650 horsepower [2][8] - Project Brownie is designed for versatility, suitable for various driving conditions, from mountain drives to urban commutes, showcasing a balance of functionality and performance [2][3] Design and Features - The vehicle features a modernized design with a Nara Bronze Matte finish, a fully Raptor-lined chassis, and advanced components such as BFG All-Terrain tires and ECD Air Ride Suspension, ensuring confidence in diverse driving environments [2][3] - Inside, the vehicle is equipped with high-quality Corbeau Trailcat seats wrapped in Spinneybeck leather, a 2+2+4 seating layout, and modern technology including remote start, blind spot assist, and a digital rearview mirror [4][5] Specifications - Project Brownie specifications include an 8-speed automatic transmission, Brembo brakes, and a Borla Sport Dual Plus exhaust system, emphasizing both performance and luxury [8] - Additional features include a 6-point external roll cage, panoramic rear quarter windows, and a JL Audio sound system, enhancing both safety and entertainment [6][8] Market Positioning - ECD Automotive Design positions Project Brownie as a luxury vehicle that does not compromise on performance, appealing to consumers who desire both grit and elegance in their daily drivers [7]

Core Concept - Project Wilder is a custom-built California Land Rover Station Wagon by ECD Automotive Design, featuring over 700 horsepower and designed for both performance and luxury [2][4][10] Company Overview - ECD Automotive Design is a public company trading under ECDA on Nasdaq, specializing in restoring luxury vehicles with a focus on bespoke designs and high-quality craftsmanship [10] - Founded in 2013 by three British automotive enthusiasts, ECD operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers [10] Product Features - Project Wilder is equipped with a supercharged GM Blueprint V8 engine producing over 700 horsepower, paired with a 6-speed Magnum T56 manual transmission [4][9] - The vehicle features a unique exterior design with Eastnor Green paint and Nara Bronze accents, along with 20-inch Kahn Mondial Retro wheels [3][9] - The interior is crafted with high-end materials, including Buffalo Distressed Cuoio leather and Sapele walnut wood trim, providing a luxurious experience [6][7] Performance and Design - The vehicle is designed for versatility, featuring ECD's proprietary Air Ride Suspension for smooth transitions between different terrains [5][9] - Brembo performance brakes ensure effective stopping power, while the Borla Sport dual exhaust system allows for customizable sound [4][5] Customization and Craftsmanship - Each vehicle is hand-built over 2,200 hours by master-certified Automotive Service Excellence craftsmen, ensuring a high level of detail and personalization [10] - Project Wilder includes advanced technology features such as CarPlay, digital mirrors, and a premium audio system, enhancing the driving experience [7][9]

Core Insights - ECD Auto Design has introduced a new 700+ horsepower BLUEPRINT V8 engine, available as an upgrade for the Defender lineup and Range Rover Classic builds, marking a significant enhancement in performance options for luxury SUVs [2][9]. Company Overview - ECD Auto Design is a public company listed on NASDAQ under the ticker ECDA, specializing in the restoration of luxury vehicles, combining classic aesthetics with modern performance [10]. - Founded in 2013 by three British automotive enthusiasts, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled craftsmen with extensive certifications [10]. Product Development - The new BLUEPRINT V8 engine is a response to client demand, integrating decades of experience with LS-based drivetrains to deliver a powerful yet classic driving experience [3][4]. - Key upgrades for the 700+ HP configuration include a new front-end rotating assembly, enhanced cooling systems, upgraded transmission and differentials, and refined ECU tuning [7][5]. Market Positioning - The 700HP option is designed for clients seeking a blend of classic design and modern performance, appealing to performance-focused collectors and luxury clients [9][8]. - ECD emphasizes a bespoke process, allowing clients to customize their vehicles extensively, with each build taking approximately 2,200 hours to complete [10].