ECD Automotive Design Reports Turnaround in Net Income

Ecd Automotive Design, Inc. ( (ECDA) ) has released its Q3 earnings. Here is a breakdown of the information Ecd Automotive Design, Inc. presented to its investors.

ECD Automotive Design, Inc. is a company specializing in the production and sale of customized classic vehicles, including Land Rover, Jaguar, and Ford models, operating primarily in the automotive design and manufacturing sector with a focus on high-quality craftsmanship and bespoke customization.

In its latest earnings report for the quarter ending September 30, 2025, ECD Automotive Design, Inc. reported a net income of $2.23 million, a significant turnaround from a loss of $2.57 million in the same period last year, despite a decline in revenue from $6.44 million to $5.78 million.

Key financial highlights include a gross profit of $1.48 million for the nine months ended September 30, 2025, compared to $5.59 million in the previous year, and a notable gain of $10.48 million on the conversion of debt to preferred stock, which significantly contributed to the net income. The company also reported a decrease in total assets from $18.20 million to $12.45 million and a reduction in total liabilities from $37.17 million to $25.89 million over the same period.

Despite the positive net income, ECD Automotive Design faces challenges with a working capital deficit of $6.01 million and a substantial decrease in cash and cash equivalents from $1.48 million to $157,682, raising concerns about its liquidity position. The management acknowledges the need for additional financing to support ongoing operations and future growth.

Looking forward, ECD Automotive Design’s management remains focused on improving financial stability and operational efficiency, while seeking new financing opportunities to enhance liquidity and support its strategic initiatives in the competitive automotive design market.