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ECARX Holdings (ECX)
NASDAQ:ECX
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Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 5.46%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth and integration of ECARX technology into a growing number of vehicles, supported by strategic partnerships and manufacturing control improvements. However, the company faces challenges with declining gross margins and software license revenue, as well as increased adjusted EBITDA losses, reflecting the competitive market environment.Company Guidance
During the Q3 2024 earnings call, ECARX executives outlined their guidance focusing on revenue growth, market positioning, and margin challenges. The company reported a 31% increase in revenue year-over-year, reaching RMB 1.4 billion, driven by strong demand for their computing platforms, particularly in the Chinese automotive market. However, gross margins declined to approximately 17% due to intense pricing pressure and competition. ECARX plans to offset these pressures through cost optimization and scaling operations. The company highlighted its strategic partnerships and expanding global footprint as key factors for sustaining growth, with 442,000 vehicles incorporating ECARX technology added this quarter, marking a 31% year-over-year increase. Looking ahead, ECARX remains optimistic about maintaining revenue growth while improving margins, with a robust pipeline of over 40 vehicle models in development and a target to bring 15% to 20% of manufacturing under their control by the end of 2024, increasing to over 50% by the end of 2025.Strong Revenue Growth
Total revenue for the quarter was RMB 1.4 billion, an increase of 31% year-over-year.
Significant Increase in Vehicle Integration
By the end of the quarter, over 7.3 million vehicles incorporated ECARX technology, with 442,000 vehicles added this quarter alone, translating into an increase of approximately 31% year-over-year.
New Design Wins
Secured 2 new design wins from existing customers in China, deploying the Antora series computing platform.
Global Partnerships Expansion
Entered into a formal partnership with MulticoreWare to optimize intelligent driving software algorithms.
Progress in Manufacturing Control
By the end of 2025, ECARX expects to have over 50% of manufacturing under their own control, with a long-term target of 70% or more.
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ECX 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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ECX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.83 | $1.84 | +0.55% |
| Aug 08, 2024 | $1.58 | $1.61 | +1.90% |
| May 20, 2024 | $1.48 | $1.31 | -11.49% |
| Feb 28, 2024 | $2.75 | $2.68 | -2.55% |
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 ECARX Holdings (ECX) report earnings?
ECARX Holdings (ECX) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is ECARX Holdings (ECX) earnings time?
ECARX Holdings (ECX) earnings time is at Apr 28, 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 ECX EPS forecast?
Currently, no data Available
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