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ECD Automotive Design (ECDA)
NASDAQ:ECDA
RESEARCH TOOLSreports
Earnings Data
Report Date
Jun 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.05Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 15, 2025
|% Change Since: -40.74%
|Next Earnings Date:Jun 27, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a company with strong revenue growth and strategic initiatives such as a new retail strategy and vehicle models. However, these positives were balanced by significant financial challenges, including increased net losses, delayed revenue recognition, and a reduced cash position.Company Guidance
During the ECD Auto Design Fourth Quarter 2024 Earnings Conference Call, the company provided several key metrics and guidance for future growth. ECD reported a 29% increase in revenue for 2024, reaching $25.2 million, and a 30% rise in gross profit, setting records for the company. The average selling price of their custom classic vehicles ranges from $300,000 to $400,000, with new orders sometimes exceeding $500,000. For the fourth quarter, revenue was $5.3 million, up from $4.8 million in the previous year, although gross profit decreased due to a $1.1 million noncash write-down. ECD's net loss for the year was $10.8 million, with a cash balance of $1.5 million as of December 31, 2024. The company plans to expand its retail presence, with two locations already operational, each expecting to sell two vehicles per month. This strategy aims to boost sales and fill the factory, with a target of 10 units per month for cash flow positivity. ECD is also addressing potential tariff impacts by adjusting upgrade pricing while maintaining base contract prices, leveraging the classic vehicle exemption from new automotive tariffs.Revenue Growth
ECD Auto Design reported revenue growth of 29% for the fiscal year 2024, reaching $25.2 million, which is a record for the company.
Increased Gross Profit
Gross profit increased by 30%, further reflecting the company's improvements in processes and customer engagement.
Retail Strategy Launch
ECD Auto Design launched its retail strategy with the opening of two new locations, which are expected to enhance customer engagement and reduce marketing costs.
New Vehicle Models and Licensing Agreements
The company added new vehicle models, including Classic Toyota FJs and Classic Ford Mustangs, through licensing agreements.
Manufacturing Process Improvements
ECD Auto Design improved manufacturing processes by moving quality control within the line, which is expected to enhance build quality.
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ECDA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ECDA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 15, 2025 | $0.54 | $0.50 | -7.41% |
| Mar 25, 2025 | $0.70 | $0.64 | -8.57% |
| Aug 19, 2024 | $1.10 | $1.27 | +15.45% |
| Jun 28, 2024 | $0.96 | $1.21 | +26.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ECD Automotive Design (ECDA) report earnings?
ECD Automotive Design (ECDA) is schdueled to report earning on Jun 27, 2025, TBA Not Confirmed.
What is ECD Automotive Design (ECDA) earnings time?
ECD Automotive Design (ECDA) earnings time is at Jun 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ECDA EPS forecast?
Currently, no data Available
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