Mquille, thanks so much for joining us today. So, tell us about what the classic car market looks like right now. >> Well, the the market's been really strong this year when uh everybody wasn't quite sure what was going to happen with all the uncertainty and thing tariffs and everything we saw in the spring.You know, we kind of charged through summer and we saw a lot of great sale activity both on the kind of live auction side, digital side, private transactions. Um it's been a good solid year in the car ma ...

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 - The supercar market is thriving, with a notable demographic shift towards younger owners who actively drive their vehicles rather than keeping them as collectibles [3][4][10] - The total value of supercars showcased at a recent event in Las Vegas reached $1.1 billion, highlighting the significant financial investment in this segment [2] - The demand for supercars is driven by their unique characteristics, including extreme styling and performance, which appeal to a community that values individuality and engineering excellence [9][10] Market Trends - The supercar segment has seen consistent growth since the introduction of the Lamborghini Miura in 1966, with modern models like the Lamborghini Fenomeno priced at $3.5 million [7] - Ferrari reported record annual sales of over 13,700 vehicles in 2022, while Porsche delivered more than 50,000 units of its 911 model in 2024, indicating robust demand [8] Consumer Behavior - Younger consumers are increasingly entering the hypercar market, focusing on the driving experience rather than the financial aspects of ownership [4][10] - Owners often customize their vehicles extensively, reflecting personal tastes and preferences, which enhances the emotional connection to their cars [11][12] Community and Culture - The supercar community is characterized by a strong sense of camaraderie among owners, who often participate in rallies and events together [13] - The emotional engagement with supercars is emphasized by the preference for manual transmissions and the visceral experience of driving combustion engines [12][13] Financial Considerations - Ownership costs extend beyond the purchase price, with servicing for high-end models like Pagani and Bugatti reaching $8,000 and $25,000 respectively [13] - Insurance for supercars is challenging due to the inexperience of many young owners, which can lead to difficulties in obtaining coverage [14]

Core Insights - Tesla Inc. has filed a patent for an "inflatable aerodynamic deflector" aimed at enhancing the efficiency of the Cybertruck while potentially attracting criticism for its design [2][3]. Group 1: Patent Application - The patent application describes a device that boosts efficiency and reduces drag, constructed from drop stitch material forming air chambers [2]. - The patent could benefit various vehicles, including trailers and tow vehicles, by increasing efficiency [3]. Group 2: Cybertruck Performance and Sales - The Cybertruck recently outperformed a Porsche 911 in a quarter-mile drag race while towing another 911, showcasing its performance capabilities [9]. - Despite this performance, the Cybertruck has underwhelming sales figures, with Tesla reportedly holding a 10,000-unit inventory of unsold units in the U.S. after selling over 46,000 units in the first 14 months [10]. Group 3: Pricing Strategy - Tesla has discontinued the affordable RWD Long Range trim of the Cybertruck, which was priced at $69,990, and has increased the price of the top-tier Cyberbeast trim to $114,990 [12][13].

Core Insights - Tesla's Cybertruck showcased its performance by beating a Porsche 911 in a drag race, with CEO Elon Musk highlighting its ability to tow a 911 while achieving faster quarter-mile times [2] - The Las Vegas Police Department received 10 custom Cybertrucks as a donation, indicating some institutional interest despite overall sales challenges [3] Sales Performance - The Cybertruck has experienced poor sales in the U.S., with only over 46,000 units sold in 14 months against a production capacity of 250,000 units annually [4] - Tesla has discontinued the RWD Long Range variant of the Cybertruck due to slow demand, just five months after its introduction [4] - The company reportedly has over 10,000 unsold Cybertruck units in the U.S., despite a marketing strategy shift aimed at appealing to traditional pickup drivers [5] Market Metrics - Tesla scores well on Momentum and Growth metrics, while its Value rating is poor, indicating mixed market perceptions [6] - The company shows a favorable price trend in the short, medium, and long term, suggesting potential for future performance [6]

RT Zoomer 🧢 (@zoomyzoomm)Millionaire in Finance:- Patek on his wrist- Hot skinny blonde gf- Lives in NYC but holidays in France- iPhone 17 (orange)- Porsche 911 parked outside- Donates to charity (for the tax benefits)- Runs a twitter burner- Never fails to book Mykonos- Suit (no tie)Millionaire in Tech:- Lives in sf- Doesn't have a gf- Talks to AI at night- Makes $500k a year at FAANG- Fasts the entire day #biohacking- Has unlimited PTO (never takes it)- Pixel 10 (pre-release)- Doesn't own a car (die hard ...

Core Insights - The article discusses financial considerations for purchasing luxury cars, emphasizing the importance of budgeting and cash payments to avoid debt [1][2]. Group 1: Financial Strategies - High earners recommend buying luxury cars with cash to avoid debt and ensure that auto loan payments do not consume a significant portion of their budget [2]. - It is advised that purchasing a luxury car should not disrupt an individual's emergency fund, which is reserved for actual emergencies [3]. - Wealthy individuals should not deplete their stock portfolios significantly to finance a luxury car, as maintaining long-term investment goals is crucial [4]. Group 2: Flexibility and Value - Flexibility in choosing the type of luxury car is encouraged, with examples of individuals opting for older models to enjoy the driving experience without the high price tag [5]. - Purchasing slightly used luxury cars is a strategy employed by some high earners to obtain vehicles in good condition at a discount [6]. - A common guideline among high earners is to limit car expenses to no more than one-fifth of their salary, ensuring financial stability while enjoying luxury vehicles [6].

Core Insights - Porsche will exit Germany's DAX index on September 22 due to a prolonged share price decline, primarily influenced by U.S. tariffs on European automobiles [1][2] - The company is set to join the midcap MDAX index later this month, indicating a shift in its market position [2] - Porsche's share price has decreased by over 33% in the past year, attributed to U.S. tariffs, weak demand in China, and a slow transition to electric vehicles [3] Company Performance - Porsche has lowered its outlook multiple times recently, reflecting challenges from external factors such as tariffs and market demand [3] - The company entered the DAX index three years ago following its IPO in September 2022 [3] Future Plans - Porsche's CEO, Oliver Blume, expressed the company's intention to return to the DAX as soon as possible, citing technical reasons for the current index relegation [4]

Art & Automotive Industry Focus - Ben Tuna, a second-generation stained glass artist, transforms damaged Porsches into art at Glass Vision Studios, founded in 1979 [1] - Ben repurposes car windows into stained glass collages, using elements from dismantled churches [2] - A 1965 Porsche 911 features haloed seraphim and other religious figures [2] - Ben will publicly display the car at the Motorux Gala on August 13th during Monterey Car Week [3] - Following fires in Los Angeles, Ben is creating art from at least four cars destroyed in the fires [3] - The first car in the series is a 1965 Porsche 356 torched in the Palisades [3]

Meet Theon Design’s Most Powerful Porsche 911 Yet https://t.co/MN6YxHBWJd https://t.co/MN6YxHBWJd ...