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. has exchanged $10 million of outstanding convertible promissory notes for 15,000 newly issued shares of Series C Convertible Preferred Stock, and completed a private placement of 1,111 shares for $999,900, enhancing its capital structure [1][2] Financial Transactions - The exchange of convertible notes significantly deleverages the business and reduces cash interest expenses, while the equity raise provides additional working capital for operations and expansion into new high-value geographies [2] Company Overview - 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][3] - Founded in 2013, ECD combines classic English beauty with modern performance, with each vehicle being a bespoke creation designed by the client and hand-built over 2,200 hours by master-certified craftsmen [3] - The company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 67 craftsmen and technicians with a combined 66 ASE and three master level certifications [3]