ECD Auto Design Reports First Quarter 2024 Financial Results; Revenues Increase 207% to Record $8.3 Million
ECD Automotive Design, Inc. (ECDA)
Company Research
Source: GlobeNewswire
Q1 2024 Gross Margin Expands Significantly to 30.1%, Drives Adjusted EBITDA of $0.4 Million Company’s Reaffirms Full Year 2024 Revenue Guidance of $33.0 Million KISSIMMEE, Fla., June 28, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design (Nasdaq: ECDA) (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced today its financial results for the first quarter ended March 31, 2024. Company Highlights Revenues increased 207% to $8.3 million in the first quarter of 2024, compared to $2.7 million in the same year-ago quarterGross profit increased significantly to $2.5 million in the first quarter of 2024, compared to $0.3 million in the same year-ago quarterGross margin increased to 30.1% in the first quarter of 2024, compared to 10.4% in the same year-ago quarterNet loss was $1.6 million in the first quarter of 2024, compared to a
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ECDA
News
- ECD Auto Design Reports First Quarter 2024 Financial Results; Revenues Increase 207% to Record $8.3 Million [Yahoo! Finance]Yahoo! Finance
- Pink Perfection: ECD Auto Design Unveils Its Newest Beach Runner, an Iconic Stylish SensationGlobeNewswire
- ECD Automotive Design, Inc. (ECDA) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
- ECD Auto Design to Participate in the iAccess Alpha Summer Conference 2024 on June 25 and 26, 2024GlobeNewswire
- ECD Auto Design Commemorates 60 Years of Mustang with Custom-Built One-of-One LegendsGlobeNewswire
ECDA
Sec Filings
- 6/28/24 - Form 8-K
- 6/27/24 - Form 10-Q
- 6/5/24 - Form 8-K
- ECDA's page on the SEC website