$500M facility earmarked for the strategic accumulation of Bitcoin to serve as the Company’s primary reserve asset and for the funding of growth and general corporate purposes.The Company will grow its digital asset footprint beyond the recent BitPay relationship to unlock the crypto-native customer demographic. First 21 customers to purchase a vehicle with Bitcoin to receive $21,000 upgrade credit. KISSIMMEE, Fla. , June 23, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ: ECDA), the world’s l ...

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]

Financial Data and Key Metrics Changes - Revenue for 2024 was $25.2 million, a 29% increase from $19.5 million in 2023, driven by increased unit sales and higher average selling prices [30] - Gross profit for 2024 increased by 30% to $5.9 million compared to $4.5 million in the previous year, with a gross profit margin of 23.4% [30][32] - The net loss for 2024 was $10.8 million, or $0.32 per diluted share, compared to a loss of $1.2 million, or $0.05 per diluted share, in 2023 [32] Business Line Data and Key Metrics Changes - The company reported a fourth-quarter revenue of $5.3 million, up from $4.8 million in the prior year, attributed to increased sales volume and average sales price [24][25] - The average selling price per vehicle increased by $25,000, contributing to higher revenue [30] Market Data and Key Metrics Changes - The company has begun to establish retail locations, with the first store opening in West Palm Beach, Florida, and a second in Nantucket, which are expected to enhance customer engagement and sales [19][20] - Retail sales currently contribute about 20% of leads and sales, shifting from a previous 100% reliance on digital channels [48] Company Strategy and Development Direction - The company aims to expand its retail presence, planning to open four locations in affluent areas, which is seen as a key growth strategy [23][22] - ECD Auto Design is focusing on enhancing the customer journey and customization options, which has led to an increase in orders for vehicles priced over $500,000 [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by tariffs but emphasized their strategy to mitigate impacts without raising base contract prices for clients [50][51] - The company expects to reach a cash flow positive position by increasing production to about 10 units per month, aided by a backlog of orders [39][40] Other Important Information - The company underwent a re-audit of financial statements due to the shutdown of its prior auditor, which has impacted its reporting timeline [7] - A non-cash write-down of $1.1 million in labor overhead allocation affected gross profit for the fourth quarter [26] Q&A Session Summary Question: Regarding non-recurring charges and growth potential - Analyst inquired about the impact of non-recurring charges on future income from operations, suggesting that reasonable growth could lead to positive results in 2025 [38] Question: Vehicle backlog and its impact - Analyst noted that the 12 vehicles pushed from Q4 to Q1 would provide a cushion for the first half of the year [42] Question: Split between web-based sales and retail locations - Management discussed the shift in sales strategy, noting that retail locations currently contribute 20% of leads and sales, allowing for reduced traditional marketing spending [44][48] Question: Mitigation of tariff impacts - Management explained their strategy to avoid increasing base contract prices while adjusting upgrade pricing to offset tariff impacts [50][51]

撰文 / 周 洲 设计 / 师 超 设计 / A u t o m o t i v e n e w s ， Ti m e s ， 日 经 新 闻 等 特朗普用关税将全球汽车产业搅得鸡犬不宁。 这位"关税行家"此前宣布的对进口汽车加征25%关税的措施，4月3日正式生效。 根据白宫发布的文件，25%的关税将适用于进口乘用车（轿车、运动型多功能汽车等）和轻型卡车，以及关键汽车零部件（发动机、变速箱等），并将 在必要时扩展至其他零部件。 全球车企应对不一。 捷豹路虎暂停向美国出口汽车；丰田本田淡定不涨价，一向与供应商共荣的丰田还将承担因关税造成的美国供应商成本上涨的部分。 现代汽车集团也决定先观望不涨价，美国三大重启了对消费者适用的员工折扣，大众汽车则打算收取一定的进口费用。 英国和日本政府都在争取与华盛顿达成新的贸易协议，争取关税豁免。 捷豹路虎暂停出口 特朗普推出关税后，印度塔塔汽车公司旗下的英国汽车制造商捷豹路虎暂停向美国出口汽车。 "美国是捷豹路虎豪华品牌的重要市场，"其发言人在一封电子邮件声明中表示，"我们正在实施短期措施，包括4月份暂停发货，同时制定中长期计 划。" 《泰晤士报》首先报道了捷豹路虎暂停对美出 ...