From GlobeNewswire: 2025-05-21 08:30:00

In the first quarter of 2025, ECD Automotive Design reported a gross profit margin increase of 570 bps to 27.5%, driven by higher average selling prices. The company received an order for a second Jaguar E-Type GTO at $620,000, its highest contract value to date. ECD also opened its first retail “Store within a Store” location in Florida and expanded customer payment options with Bitpay.

Financial results for the first quarter of 2025 showed revenues of $6.4 million, a decrease from the same period in 2024. Gross profit increased to $1.8 million, with a margin of 27.5%. The company reported a net loss of ($2.7) million and an Adjusted EBITDA loss of ($0.9) million. Operating expenses were higher due to general and administrative costs related to being a public company.

CEO Scott Wallace commented on the results, highlighting the company’s ability to produce industry-leading unit economics while building custom luxury vehicles. ECD’s focus on customization options and operational efficiencies has led to strong customer demand and opportunities for profitability. The company is working to improve its liquidity profile through various channels, including optimizing public company expenses and enhancing its retail strategy.

In addition to financial results, the company provided a Non-GAAP reconciliation for Adjusted EBITDA, showing a loss of ($0.9) million for the first quarter of 2025. ECD Automotive Design, known for its restored luxury vehicles, continues to innovate and evolve its customer design journey to drive profitability and growth.



Read more at GlobeNewswire:: U.S. Auto Manufacturer ECD Auto Design Reports First