ECD Automotive Design Stock Price, News & Analysis

ECD Automotive Design (NASDAQ: ECDA) has unveiled Project '67 Ghost, a fully customized 1967 Mustang Fastback, marking its entry into the custom Mustang market. The vehicle features a 465-horsepower ROUSH 347 IR V8 engine and represents the first in a new line of bespoke Mustangs covering model years 1965-1970. Through an exclusive partnership with Roush Performance, ECD offers upgraded Small Block Ford V8s that maintain authenticity while improving reliability. The '67 Ghost showcases a High Gloss Mineral White exterior with Santorini Black Metallic rally stripes, rides on a Roadster Shop RS Spec chassis, and features modern amenities including heated Recaro seats, Apple CarPlay, and JBL premium audio. The company has already received multiple commissions for custom Mustang builds, including variants inspired by Shelby GT350s, Boss 427s, and Mach 1 models.

ECD Auto Design (NASDAQ: ECDA) has introduced its most powerful engine option yet: a 700+ horsepower BLUEPRINT V8 for its custom Land Rover Defenders and Range Rover Classic builds. The new powertrain, developed in response to client demand, builds upon ECD's extensive experience with LS-based platforms.

Key upgrades include a new front-end rotating assembly with integrated supercharger, enhanced cooling systems, upgraded transmission components, and refined ECU tuning. The powerful engine option is now available for Defender 90, 110, and 130 models, as well as Range Rover Classic builds, with the first client vehicle already in production.

ECD Auto Design unveils Project Beach Patrol, a custom Defender 90 soft-top restoration showcasing a vibrant Land Rover AA Yellow finish. Built at their 100,000-square-foot Florida facility, this one-of-one vehicle combines style with performance.

The vehicle features a powerful GM LS3 6.2L V8 engine delivering 430+ horsepower, paired with a 6-speed automatic transmission. Notable exterior elements include Narvik Black accents, 18" Satin Black Kahn wheels, and HELLA LED spotlights.

The interior boasts a 2+2 layout with Corbeau Trailcat seats in black Cadence Licorice leather, featuring yellow stitching. Modern amenities include USB ports, Pioneer audio system with CarPlay, digital rearview mirror, and blind spot monitoring.

As stated by Kevin Kastner, Chief Revenue Officer, the Beach Patrol represents "coastal escape, weekend freedom, and the confidence of driving something truly one-of-a-kind."

ECD Automotive Design (NASDAQ: ECDA) has unveiled Project Big Sky, a custom-built Defender 110 showcasing American craftsmanship and luxury design. The vehicle, assembled at ECD's 100,000-square-foot Florida facility, features a distinctive Fiat Light Blue exterior with Zermatt Silver accents.

The interior boasts Corbeau Trailcat seats in custom tan leather with diamond stitching, a 2+2+4 seating layout, and premium features including heated/cooled functionality. The vehicle is powered by a GM LT1 V8 engine delivering 455 horsepower, coupled with an 8-speed automatic transmission and ECD's proprietary Air Ride suspension.

Notable features include 18-inch Sawtooth wheels, BFGoodrich All-Terrain tires, a WARN 10,000 lb winch, LED spotlights, and a Focal Premium sound system. The interior is enhanced with Wenge wood paneling, a custom double center console, and dual wireless chargers.

ECD Automotive Design (NASDAQ: ECDA), the largest Land Rover and Jaguar restoration company, reported its Q4 and full-year 2024 financial results. Full-year revenue grew 29% to $25.2 million, with gross profit increasing 30% to $5.9 million.

However, the company reported a net loss of $10.8 million in 2024, compared to a $1.2 million loss in 2023. Q4 2024 revenue increased 10% to $5.3 million, but gross profit declined to $0.3 million from $1.2 million year-over-year, impacted by a non-cash $1.1 million write-down.

The company expanded its Kissimmee facility and launched retail locations in West Palm Beach and Nantucket. Notably, 12 completed vehicles' revenue will be recognized in H1 2025 due to pending title transfers. Cash position decreased to $1.5 million from $8.1 million in 2023.

ECD Automotive Design (NASDAQ: ECDA) has announced the opening of a seasonal pop-up location at 10 Easy Street in Nantucket through December 2025, coinciding with the Daffodil Festival Weekend. The location features two showcase vehicles: Project Essex, a Bahama Gold Defender 110 soft top from their County Collection, equipped with a 6.2L GM LT1 V8 engine, and Project Race, a white Land Rover Series III 109 powered by a 6.2L GM LS3 V8.

The pop-up serves as a creative hub where visitors can explore ECD's luxury design process and arrange test drives. The company plans to collaborate with local Nantucket brands and will unveil a special Nantucket Edition vehicle later this summer. Each ECD vehicle is hand-built at their 100,000-square-foot facility in Kissimmee, Florida, requiring over 2,200 hours of craftsmanship.

ECD Automotive Design (NASDAQ: ECDA) reported its Q3 2024 financial results, showing significant revenue growth but wider losses. The company's Q3 revenue increased 30% to $6.4 million, with gross profit rising 108% to $2.0 million. However, net loss expanded to ($2.6) million compared to ($0.2) million in Q3 2023.

For the nine months ended September 30, 2024, revenue grew 35% to $19.9 million, with gross profit up 69% to $5.6 million. The company's growth was driven by increased volume, higher average selling prices, and increased used vehicle sales. The company recently completed financial restatements for 2022, 2023, and first half of 2024, incurring approximately $0.5 million in non-recurring expenses.

ECD maintains a strong cash position of $3.6 million as of September 30, 2024, though down from $8.1 million at the end of 2023. Management expects lower G&A expenses starting Q2 2025 and estimates cash flow break-even at approximately 120 vehicle builds per year.

ECD Auto Design (ECDA), a specialist in custom luxury vehicle restorations, has announced its acceptance of cryptocurrency payments through BitPay. The company, known for customizing Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Mustangs, and Toyota FJs, will now process payments in various cryptocurrencies including Bitcoin, Ethereum, Dogecoin, and several USD-pegged stablecoins.

Through BitPay's integration, ECDA will receive next-business-day settlement in USD, eliminating cryptocurrency volatility risks. The platform manages the entire payment process, offering reduced transaction fees, enhanced security, and global accessibility. This strategic move aims to expand ECDA's global reach and provide clients with more flexible payment options.

ECD Auto Design (NASDAQ: ECDA) has unveiled its exclusive County Collection, a -edition series of bespoke Land Rover Defenders inspired by UK counties and regions. This Founder-Designed Inventory offers immediate purchase options, departing from ECD's traditional custom build approach.

The debut collection features four distinct models:

• Bedfordshire in deep black
• Cumbria in verdant green
• Dorset in crisp white
• Essex in warm gold

Each vehicle comes with a comprehensive package including a personalized client experience, an ECD Journey Book documenting the design inspiration, and industry-leading warranty and service support. Additional models are planned for release throughout 2025, with Chief Revenue Officer Kevin Kastner emphasizing the collection's blend of British heritage with modern craftsmanship and performance.