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ECD Automotive Design, Inc. (NASDAQ: ECDA) stands as a premier custom-car builder, specializing in the restoration and modernization of classic British motor vehicles such as the Land Rover Defender, Land Rover Series IIA, Range Rover Classic, and Jaguar E-Type. Founded in 2013 by three British automotive enthusiasts, ECD has grown into the world's largest Land Rover and Jaguar restoration company, known for its bespoke luxury builds.
Main Operations:
- Restores and modernizes classic vehicles with a focus on Land Rovers and Jaguars.
- Customization includes engine upgrades, including Chevrolet V8s, Land Rover V8s, Cummins diesel engines, and new electric drivetrains.
- Every vehicle is hand-built in 2,200 hours by master-certified craftsmen at their 100,000-square-foot facility in Kissimmee, Florida.
Recent Achievements:
- Launched a mobile design studio to bring the customization experience directly to clients across the U.S.
- Introduced the ECD Beach Runner, a versatile vehicle based on the Land Rover Defender 110 platform.
- Expanded into the classic American muscle car market by acquiring assets from Brand New Muscle Car, enabling ECD to produce bespoke Ford Mustangs among other classic models.
- Increased production capacity through manufacturing efficiencies and a third production line focused on classic Ford Mustangs.
- Generated $15.1 million in revenue in 2023, a 22.5% increase from the previous year.
Customer Experience:
- Clients design their vehicles through an immersive luxury experience, choosing every detail from the powertrain to the upholstery.
- Launched a state-of-the-art vehicle configurator, allowing customers to design their dream vehicle from any device.
Financial Condition:
- Reported a net loss of $1.6 million for 2023, compared to $1.4 million in 2022, with improved gross margins due to efficiency gains.
- Operating income improved to $(1.6) million in 2023 from $(1.9) million in 2022.
- Cash and equivalents increased to $8.1 million as of December 31, 2023.
Future Outlook:
Eager to tap into the $15 billion market ecosystem for high-end and collectible cars, ECD aims to consolidate the luxury classic car market and expand its product base. With its strong brand and innovative approach, ECD is poised to become a leading player in the resto-mod industry, offering not just restored vehicles but complete luxury experiences.
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ECD Automotive Design Inc. announced the sale of a highly customized Electric Land Rover Defender 90 for over $400,000, marking the highest sales price to date. The vehicle features advanced EV technology, luxury upgrades, and personalized customization, reflecting the company's focus on value-added features and affluent customer preferences.
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ECD Auto Design unveils Project Wasatch, a bespoke Defender 90 coated in Portofino Blue paint, featuring a GM LS3 430 horsepower 6.2L V8 engine, ECD air ride suspension, and modern amenities. The vehicle is designed for Utah adventures with luxury interiors and off-road capabilities.
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ECD Automotive Design Inc. expands globally by delivering personalized Land Rovers to customers in Poland, Spain, and the Caribbean, showcasing the rising interest in bespoke classic restomods. The company's organic growth is fueled by strong demand, a growing client base, and expanding brand presence, allowing for increased manufacturing capacity to meet global demand.
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ECD Auto Design (NASDAQ: ECDA) announces an upcoming new lifestyle product launch event in West Palm Beach, Florida, coinciding with the Palm Beach International Boat & Super Yacht show. The event will showcase the company's first semi-volume build vehicle, offering flexibility and catering to luxury clients.
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ECD Auto Design unveils Project GONNAHAPPEN, a one-of-a-kind Defender 110 with modern amenities and classic aesthetics. The company's CEO, Scott Wallace, emphasizes the bespoke nature of their projects and the launch of a new vehicle configurator. The vehicle boasts a GM LS3 430 horsepower 6.2L V8 engine, ECD air ride suspension, and a Porsche Cognac leather interior.
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ECD Automotive Design, Inc. (NASDAQ: ECDA) announces the launch of a best-in-class web-based custom vehicle configurator, offering infinite customization possibilities for Land Rover and Jaguar vehicles. The tool allows users to visualize and customize their dream vehicle from the comfort of their home, with more configuration options and 3-D visualization compared to other top-level vehicle configurators. The system provides exterior and interior configuration options, seamless interaction experience, and the ability to save and transfer configurations between models. The company aims to revolutionize the user experience and prioritize client needs.
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ECD Auto Design (NASDAQ: ECDA) unveils Project Kalorado, a custom-built Land Rover Defender 110 with a GM 6.2L V8 engine and modern technology upgrades, perfect for Colorado's mountainous terrain. The company is known for its bespoke luxury builds and offers customizations for various Land Rover and Jaguar models.
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ECD Automotive Design Inc. (NASDAQ: ECDA) announces that its Core Land Rover production line is 100% sold out for 2024, with combined production with the New E-Type Jaguar and a new model on the South Line sold to over 80% of 2024 production. The company expects 2024 revenue of $33 million, representing over 50% organic growth from 2023. Anticipated 2024 gross margins are at least 38%, up from approximately 35% in 2023. The company also expects continued profitability on a GAAP basis for fiscal year 2024, and generation of positive cash from operations. ECD is experiencing growing demand for its trucks and sports cars, with plans to add new lines of business and an additional manufacturing line to its Rover Dome facility in Kissimmee, Florida. The company is also pursuing incremental growth opportunities and exploring accretive consolidation within the luxury classic auto market.
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ECD Auto Design (ECD) unveils Project QE, a custom Land Rover Defender 110 with modern amenities and classic British heritage. The build includes a brand-new LT1 V8 engine with 450 horsepower, 18-inch Land Rover Sawtooth wheels, and BFGoodrich All Terrain tires. The interior features heated and ventilated Puma Classic seats hand wrapped in tan Spinneybeck leather, Infinity Kappa speakers, Kenwood Slimline subwoofers, CarPlay, SiriusXM, Bluetooth, and a backup camera and sensor.
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ECD Automotive Design, Inc. (NASDAQ: ECDA) announced its strategy to lead the restomod ecosystem, leveraging its first mover advantage and public listing. The company focuses on delivering restored, modified, and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles. ECD aims to consolidate the large and fragmented restomod industry by establishing a leading brand in the luxury auto space.
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FAQ
What is the current stock price of ECD Automotive Design (ECDA)?
The current stock price of ECD Automotive Design (ECDA) is $0.94 as of January 20, 2025.
What is the market cap of ECD Automotive Design (ECDA)?
The market cap of ECD Automotive Design (ECDA) is approximately 34.0M.
What does ECD Automotive Design specialize in?
ECD specializes in restoring and modernizing classic British motor vehicles, including Land Rover Defenders, Range Rover Classics, and Jaguar E-Types.
Where is ECD Automotive Design located?
ECD's global headquarters, known as the 'Rover Dome,' is located in Kissimmee, Florida.
What makes ECD's vehicles unique?
Each vehicle is fully bespoke, designed by the client through an immersive luxury design experience, and hand-built in 2,200 hours by master-certified craftsmen.
What recent achievements has ECD Automotive Design accomplished?
Recent achievements include the launch of the ECD Beach Runner, the acquisition of Brand New Muscle Car assets, and increased production capacity.
What engine options does ECD offer?
ECD offers a variety of engine upgrades, including Chevrolet V8s, Land Rover V8s, Cummins diesel engines, and new electric drivetrains.
How does ECD engage with its clients?
ECD provides an immersive luxury design experience, allowing clients to choose every detail of their custom vehicle. They also offer a mobile design studio and a state-of-the-art vehicle configurator.
What is ECD’s financial outlook?
ECD reported $15.1 million in revenue for 2023, a 22.5% increase from the previous year. The company aims to tap into a $15 billion market for high-end and collectible cars.
How does ECD ensure the quality of its builds?
Each vehicle is built by master-certified Automotive Service Excellence (ASE) craftsmen, ensuring high standards of quality and custom luxury.
What is the ECD Beach Runner?
The ECD Beach Runner is a new vehicle based on the Land Rover Defender 110 platform, designed for beach use with features like a fold-down windscreen and a GM LT1 455 horsepower engine.
What are ECD's future plans?
ECD plans to expand its product base, consolidate its position in the luxury classic car market, and become a trusted luxury auto partner for discerning customers.
ECD Automotive Design, Inc.
Nasdaq:ECDA
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34.03M
9.50M
73.76%
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