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Stock impact report

ECARX Holdings Inc (ECX) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Margin Challenges [Yahoo! Finance]

ECARX Holdings Inc. (ECX) 
Company Research Source: Yahoo! Finance
Software License Revenue: RMB84 million, down 39% year over year. Services Revenue: RMB161 million, down 26% year over year. Gross Profit: RMB248 million, down 25% year over year. Gross Margin: Operating Expenses (OpEx): Decreased 2% year over year. Loss Per Share: RMB0.97. Adjusted EBITDA Loss: RMB233 million, up from RMB181 million last year. Cash and Restricted Cash: RMB688 million. Warning! GuruFocus has detected 4 Warning Signs with ECX. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript ECARX Holdings Inc ( NASDAQ:ECX ) reported a 31% year-over-year increase in revenue for the third quarter, reaching RMB1.4 billion. The company added 442,000 vehicles equipped with ECARX technology this quarter, marking a 31% year-over-year increase. ECARX secured two new design wins from existing customers, showcasing their ability to deliver customized technology solutions. The company Show less Read more
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