KISSIMMEE, Fla., Jan. 08, 2026 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (“ECD” or the “Company”) (NASDAQ: ECDA), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs, today announced that on January 6, 2026, a lender to ECD entered into discussions with the Company concerning pursuing various strategic transactions with the Company valued between $2 million and $10 mil ...

KISSIMMEE, Fla., Dec. 29, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (“ECD” or the “Company”) (NASDAQ: ECDA), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs, today announced the launch of its Luxury Agent Program, a new sales channel designed to complement the Company’s existing direct-to-consumer strategy, expand market reach, and increase production. Under t ...

Core Insights - ECD Automotive Design, Inc. has received initial orders validating demand for its third-party build agreement, which supports its factory utilization strategy [1][2][3] Group 1: Company Overview - ECD is the largest Land Rover and Jaguar restoration company, known for custom luxury builds including Defenders, Range Rovers, and Jaguar E-Types [1][4] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 98 staff, including 67 craftsmen with a total of 66 ASE certifications [4] Group 2: Recent Developments - Following a recent agreement with a regional 4×4 restoration client, ECD has received its first six orders, which are expected to be executed in the first and second quarters of 2026 [2][3] - The company has dedicated manufacturing space and labor for these builds, allowing for efficient execution independent of its core bespoke programs [2] Group 3: Management Commentary - CEO Scott Wallace emphasized that the early orders confirm the company's competitive advantages in infrastructure, scale, and craftsmanship, contributing to financial objectives such as attractive contribution margins and improved factory utilization [3] - Looking ahead to 2026, the company aims to increase capacity utilization while maintaining high craftsmanship standards [3]

Core Viewpoint - ECD Automotive Design, Inc. will implement a 1-for-5 reverse stock split effective December 26, 2025, to increase its stock price and meet Nasdaq listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every five pre-split shares into one share, reducing the total outstanding shares from approximately 6,925,006 to about 1,385,002 [3]. - The reverse stock split was approved by stockholders on July 22, 2025, with the final ratio determined by the Board of Directors [2]. - The reverse stock split will not affect the number of authorized shares or the par value of the common stock [3]. Group 2: Shareholder Information - Shareholders holding shares in book-entry form will not need to take action to receive post-split shares, while those with certificated shares will receive instructions from the transfer agent [4]. - No fractional shares will be issued; instead, fractional shares will be rounded up to the nearest whole share [4]. Group 3: Company Overview - ECD is the largest Land Rover and Jaguar restoration company, known for custom luxury builds, including bespoke Defenders and Range Rovers [6]. - Founded in 2013, ECD combines classic vehicle aesthetics with modern performance, employing master-certified craftsmen [6]. - The company's headquarters, the "Rover Dome," spans 100,000 square feet in Kissimmee, Florida, housing 87 staff members, including 67 craftsmen with a total of 66 ASE certifications [6].

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]

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 [15] - 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 [15][16] - 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 [17] - 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 [17] 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 [7] - The average selling prices of completed vehicles range 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 scalable manufacturing [5] - The company is expanding into high-demand segments, including Porsche 911 restorations, which are expected to elevate average selling prices and drive efficiencies [10] Company Strategy and Development Direction - ECD is diversifying its product offerings and has entered the Porsche market with a bespoke Porsche 911 restoration program [9] - The collaboration with Chelsea Truck Company aims to create modern luxury builds, expanding the total addressable market and leveraging existing factory capacity [11][12] - The company is implementing cost-saving measures expected to yield over $1 million in annualized savings, with the majority impacting financials throughout 2026 [8][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged elevated costs from tariffs and shipping, which continue to pressure COGS, but expects margins to normalize following the completion of legacy builds [7][8] - 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 [15][18] Other Important Information - ECD has been granted an extension until January 26 to resolve bid price and shareholder equity deficits [15] - 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 [18] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with closing remarks from the CEO [20][22]

Core Insights - ECD Automotive Design, Inc. has engaged Arca Labs to assist in its Bitcoin treasury initiative, marking a significant step in the company's digital asset strategy [1][2][3] Company Overview - ECD is the largest Land Rover and Jaguar restoration company, known for custom luxury builds including bespoke Defenders, Range Rovers, and Jaguar E-Types [1][5] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen with a total of 66 ASE certifications [5] Digital Asset Strategy - The collaboration with Arca Labs aims to establish a secure corporate account with a qualified digital-asset custodian, focusing on documentation, onboarding, and security protocols [2][3] - Arca Labs will provide non-discretionary operational support, ensuring compliance and security in digital asset custody and transactions, while ECD maintains focus on vehicle production [3][4] Operational Support - Arca Labs specializes in guiding companies in digital asset strategies and provides ongoing operational support throughout the lifecycle of these assets [4]

Core Points - ECD Automotive Design, Inc. has regained compliance with Nasdaq's minimum bid price requirement, confirming a closing bid price of at least $1.00 per share for 16 consecutive business days ending October 9, 2025 [1][2] - ECD shares closed at approximately $2.72 per share on October 10, 2025, indicating a positive market response [2] - The company is working towards meeting additional listing conditions set by the Nasdaq Hearings Panel, specifically compliance with Nasdaq's equity standard by January 7, 2026 [3] Company Overview - ECD Automotive Design is recognized as the world's largest Land Rover and Jaguar restoration company, specializing in custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][4] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff members, including 67 craftsmen and technicians with a combined total of 66 ASE certifications [4] - ECD's vehicles are fully bespoke, designed through a luxury experience, and hand-built over approximately 2,200 hours by master-certified craftsmen [4]

Core Insights - ECD Automotive Design, Inc. reported record revenue of $7.0 million for Q2 2025, up from $6.5 million in the same quarter last year, driven by bespoke demand and manufacturing efficiencies [5][7] - The company experienced a decline in gross profit to $1.4 million from $2.1 million year-over-year, primarily due to tariff impacts [5][7] - ECD's net loss increased to $4.3 million in Q2 2025, compared to a net loss of $2.0 million in the same quarter last year, attributed to reduced margins and increased general and administrative expenses [7][10] Financial Performance - Revenue for Q2 2025 was $7.0 million, a 7.7% increase from $6.5 million in Q2 2024 [7][9] - Gross profit decreased to $1.4 million, reflecting a decline of 32.8% from $2.1 million in the prior year [7][9] - Operating expenses rose to $4.0 million, an increase of $1.4 million from the previous year [9] - The operating loss for Q2 2025 was $2.6 million, compared to a loss of $0.5 million in Q2 2024 [10] Strategic Developments - ECD launched its first Mustang build in partnership with Roush Performance, expanding its product portfolio into the American muscle car category [6][8] - The company secured a $500 million equity facility aimed at accumulating Bitcoin as a primary reserve asset and funding growth initiatives [7][8] - Seasonal pop-up retail locations in Nantucket, MA, and West Palm Beach, FL, have contributed positively to order backlog and sales, serving as engagement hubs for the brand [6][8] Management Changes - Victoria Hay was appointed as Chief Financial Officer effective August 15, 2025, bringing experience from growth-stage public companies [7][8] - Ben Piggot will transition to Director of Corporate Development, focusing on strategic initiatives including mergers and acquisitions [7][8]

Group 1 - ECD Automotive Design, Inc. plans to review its operating and financial results for the second quarter ended June 30, 2025, on August 21, 2025, at 8:30 a.m. E.T. [1] - The conference call will be hosted by CEO Scott Wallace and CFO Victoria Hay [2] - A telephonic replay of the conference call will be available through September 4, 2025 [4] Group 2 - ECD is the world's largest Land Rover and Jaguar restoration company, known for custom luxury builds including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][4] - 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 [4] - ECD specializes in fully bespoke vehicles, designed by clients through a luxury design experience and hand-built over 2,200 hours by master-certified Automotive Service Excellence craftsmen [4]