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].