IPO Year: 2022
Exchange: NASDAQ
ECD Auto Design, renowned for its unparalleled craftsmanship in custom one-of-one vehicle restoration, proudly announces the launch of its latest product line: the classic Toyota FJ retromod. This new venture marks a significant milestone in ECD's journey, celebrating the legacy of the iconic Toyota FJ while infusing it with modern automotive excellence.
Full Year 2024 GuidanceThe Company is reaffirming their guidance and expects 2024 revenue to be $33.0 million, representing an increase of approximately 108% when compared to revenue of $15.1 million in 2023.
ECD Automotive Design (NASDAQ:ECDA) reported quarterly losses of $(0.05) per share. This is unchanged from the same period last year. The company reported $8.31 million in sales this quarter. This is a 206.87 percent increase over sales of $2.71 million the same period last year.
Business HighlightsRevenue of $15.1 million for the full year 2023, an increase of 22.5% over the prior year period.Gross profit of $4.2 million for the full year 2023, an increase of 150% over the prior year period.Net income of $(1.6) million for the full year 2023, compared to $(1.4) million in 2022.Adjusted EBITDA of $1.1 million for the full year 2023, compared to $(1.3) million in 2022.Recently completed acquisition of certain assets of Brand New Muscle Car, providing an opportunity to introduce classic American muscle cars to its product line upReiterates 2024 revenue guidance of at least $33 million for the full year, a 118% increase compared to 2022Management CommentaryScott Wallace
The Jaquar E-Type will find its new home in sunny Arizona. Built on a Series III Model and highly customized with ECD's second generation EV 300 HP powertrain and gorgeous accents, this roadster will be turning heads for years to come.
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 and Jaguar E-Types announced today that it has signed an agreement to acquire certain assets from Brand New Muscle Car, a premier builder of classic American muscle cars for restricted stock of ECD to be valued at $1.5 million on the date of issuance.Brand New Muscle Car, founded in 2005 and headquartered in Broken Arrow, OK, is the original, from scratch restorer of classic American muscle cars designed with new parts just as the customer wants it.Scott Wallace, CEO of ECD Auto Design said, "We are
8-K - ECD Automotive Design, Inc. (0001922858) (Filer)
8-K - ECD Automotive Design, Inc. (0001922858) (Filer)
8-K - ECD Automotive Design, Inc. (0001922858) (Filer)
8-K - ECD Automotive Design, Inc. (0001922858) (Filer)
10-Q - ECD Automotive Design, Inc. (0001922858) (Filer)
8-K - ECD Automotive Design, Inc. (0001922858) (Filer)
NT 10-Q - ECD Automotive Design, Inc. (0001922858) (Filer)
8-K - ECD Automotive Design, Inc. (0001922858) (Filer)
8-K - ECD Automotive Design, Inc. (0001922858) (Filer)
10-Q - ECD Automotive Design, Inc. (0001922858) (Filer)
Q2 2024 Maintains Strong Gross Margins While Revenue More Than Doubles, Drives Adjusted EBITDA of $0.4 Million Company's Reaffirms Full Year 2024 Revenue Guidance of $33.0 Million KISSIMMEE, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (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 second quarter ended June 30, 2024. Company Highlights Revenues increased 129% to $8.9 million in the second quarter of 2024, compared to $3.9 million in the same
KISSIMMEE, Fla., Aug. 14, 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 and Ford Mustangs, will hold a conference call on Monday, August 19, 2024 at 4:30 PM Eastern Time to discuss its financial results for the second quarter 2024 ended June 30, 2024. Financial results will be issued in a press release prior to the call. Date: Monday, August 19, 2024Time: 4:30 PM Eastern Time (1:30 PM Pacific Time)U.S. dial-in number: 877-270-2148International number: 412-902-6510Webcast: 2Q24 Webcast Link The Compan
KISSIMMEE, Fla., April 30, 2024 /PRNewswire/ -- ECD Auto Design (NASDAQ:ECDA), the world's largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers and E-Types, proudly announces of the expansion of its product line to include classic one-of-a-kind Ford Mustangs, marking a significant milestone in the company's history. "Our America Strong team is dedicated to crafting each classic Mustang with unparalleled attention to detail"ECD has recently completed the acquisition of Brand New Muscle Car assets enabli
KISSIMMEE, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design, the premier builder of custom one-of-one luxury vehicles, proudly announces the debut of its latest masterpiece, "The Farmington Hills Commission." This unique Classic Jaguar E-Type restomod combines the iconic lines and heritage of the Jaguar E-Type with the powerhouse performance of a GM LT1 V8 engine, redefining elegance and power for the modern era. Created as a one-of-one commission, "The Farmington Hills Commission" will soon make its way to its new home in Michigan, embodying ECD's commitment to delivering bespoke automotive experiences tailored to the unique tastes of each client. With a GM LT1 V8 engine paired
KISSIMMEE, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design, renowned for its custom-built one-of-one luxury vehicles including classic Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Toyota FJ's and Ford Mustangs, is proud to announce an expanded opportunity for high-end luxury brands to collaborate with us. As leaders in bespoke automotive design, ECD Auto Design is extending unique partnership opportunities to premium brands, offering joint marketing campaigns and exclusive product placements featuring our iconic, one-of-one vehicles. Our highly sought-after vehicles represent the pinnacle of design, craftsmanship, and exclusivity, providing a stunning canvas f
KISSIMMEE, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design, the world-renowned leader in custom luxury vehicle restoration, is proud to announce the release of its first built-for-inventory custom Land Rover, a milestone in meeting client demand. This landmark vehicle highlights ECD's commitment to evolving with client needs and delivering ready-to-drive classics that combine iconic design with modern luxury while offering an alternative to lengthy custom builds. For high-resolution photos and video, please CLICK HERE. Recognizing a growing demand for immediately available restored vehicles, ECD's new inventory model has allocated a small percentage of the productio
KISSIMMEE, Fla., Oct. 21, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ:ECDA) ("ECD" or the "Company"), an industry leader in building and selling restored, modified and electrified Land Rover Defenders, Jaguar E-Types, Ford Mustangs, and Toyota FJs announced today it will present at the LD Micro 17th Annual "Main Event", which is being held on October 29-30, 2024. ECD Automotive is scheduled to present in person and webcast live on October 30 at 11am PT at the Luxe Sunset Blvd Hotel in Los Angeles, CA. You can listen to the webcast at ECDA Investor Presentation Webcast. Scott Wallace, CEO, and Ben Piggott, CFO, will be available for one-on-one meetings to be held on Octobe
KISSIMMEE, Fla., Oct. 09, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design, a leader in custom, one-of-one luxury vehicle restorations, specializing in Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Mustangs, and Toyota FJs is proud to spotlight an extensive range of premium accessories designed to elevate custom builds to new heights of luxury, functionality, and personalization. At ECD Auto Design, we offer an incredible range of customization options, with over 2 million possible design combinations to ensure that each vehicle we build is truly one-of-a-kind. Whether it's selecting the perfect paint color, adding on adventure accessories, convenience or luxurious interio
KISSIMMEE, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ:ECDA) ("ECD" or the "Company"), an industry leader in building and selling restored, modified and electrified Land Rover Defenders, Jaguar E-Types, Ford Mustangs, and Toyota FJs announced today it has embarked upon a new retail strategy to own and operate brick and mortar showrooms to market and sell ECD's vehicles. In support of the strategy, ECD has signed an agreement with Site Selection Group, of Dallas, Texas, to research and identify real estate locations to effectuate ECD's retail showroom concept. * Artist rendering of future ECD retail showroom. Site Selection Group has been tasked with find
KISSIMMEE, Fla., Sept. 19, 2024 (GLOBE NEWSWIRE) -- ECD Auto Design, a leader in custom, one-of-one luxury vehicle restorations, specializing in Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Mustangs, and Toyota FJs is excited to announce the launch of its Cars & Coffee culture, beginning with an inaugural event on Sunday, September 22, 2024. From 9:00 AM to 12:00 PM, our ECD fan base of over 540,000, automotive enthusiasts, clients, content creators, and media partners are invited to experience firsthand the craftsmanship that has made ECD a standout in the industry. Not only will guests be able to see the vehicles, but they will also be invited to take tours of the impres
KISSIMMEE, Fla., Sept. 18, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ:ECDA) ("ECA Auto Design" or the "Company"), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles announced today that the Company's Chairman, Benjamin Piggott has been appointed Chief Financial Officer effective September 16, 2024, succeeding Raymond Cole who has chosen to step down for personal reasons. Ray will remain with ECD Auto Design in a consulting role on an as needed basis, through the first half of 2025 to help ensure a seamless transition. "We are pleased to welcome Ben into the operations side of th
KISSIMMEE, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ:ECDA) ("ECD" or the "Company"), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles announced today that it received a letter from The Nasdaq Stock Market ("Nasdaq") stating that Nasdaq has approved ECD's application to list its shares of common stock for trading on the Nasdaq Capital Market effective September 13, 2024. As previously disclosed on February 14, 2024, ECD received a notice from Nasdaq stating that ECD's listed securities failed to comply with the $50,000,000 market value of listed securities ("M
KISSIMMEE, Fla., Sept. 10, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ:ECDA) ("ECDA" or the "Company"), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles announces its new collaboration with Roush, a premier provider of high-performance engines and automotive products. This strategic collaboration will bring Roush's renowned engineering excellence to ECD Auto Design's recently announced custom classic Mustang builds, offering clients unparalleled performance and craftsmanship. ECD Auto Design has built a reputation for restoring and modernizing classic vehicles with a foc