EF Hutton Acquisition Corp Financials
This page shows EF Hutton Acquisition Corp (ECDAW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue growth is being overwhelmed by inventory-heavy working capital, rising overhead, and financing costs that deepen cash burn.
From FY2023 to FY2024, gross margin was essentially unchanged at23.2% and23.4% , so the much deeper burn was not mainly a product-margin problem. Free cash flow fell to-$9.8M as inventory reached$11.2M , showing cash was getting trapped inside the operating cycle while overhead and interest absorbed the benefit of higher sales.
FY2024’s net loss of
Capital spending was only
Financial Health Signals
Scored against emerging companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of EF Hutton Acquisition Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
EF Hutton Acquisition Corp passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, EF Hutton Acquisition Corp generates $0.91 in operating cash flow (-$9.8M OCF vs -$10.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
EF Hutton Acquisition Corp earns $-1.3 in operating income for every $1 of interest expense (-$4.5M vs $3.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
EF Hutton Acquisition Corp generated $25.2M in revenue in fiscal year 2024. This represents an increase of 29.1% from the prior year.
EF Hutton Acquisition Corp's EBITDA was -$4.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 213.2% from the prior year.
EF Hutton Acquisition Corp reported -$10.8M in net income in fiscal year 2024. This represents a decrease of 813.7% from the prior year.
EF Hutton Acquisition Corp earned $-0.32 per diluted share (EPS) in fiscal year 2024.
Cash & Balance Sheet
EF Hutton Acquisition Corp generated -$9.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 292.2% from the prior year.
EF Hutton Acquisition Corp held $1.5M in cash against $14.1M in long-term debt as of fiscal year 2024.
EF Hutton Acquisition Corp had 35M shares outstanding in fiscal year 2024.
Margins & Returns
EF Hutton Acquisition Corp's gross margin was 23.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
EF Hutton Acquisition Corp's operating margin was -18.1% in fiscal year 2024, reflecting core business profitability. This is down 10.2 percentage points from the prior year.
EF Hutton Acquisition Corp's net profit margin was -42.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 36.8 percentage points from the prior year.
Capital Allocation
EF Hutton Acquisition Corp spent $37.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
EF Hutton Acquisition Corp invested $24K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 95.2% from the prior year.
ECDAW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8M-17.6% | $7.0M+9.3% | $6.4M | N/A | $6.4M | N/A | $7.0M-12.2% | $8.0M |
| Cost of Revenue | $7.5M+32.5% | $5.6M+20.8% | $4.7M | N/A | $4.4M | N/A | $5.5M-32.7% | $8.1M |
| Gross Profit | -$1.7M-220.4% | $1.4M-21.3% | $1.8M | N/A | $2.0M | N/A | $1.5M+1055.6% | -$160K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.2M-12.6% | $3.7M+8.3% | $3.4M | N/A | $2.4M | N/A | $2.1M+36.4% | $1.6M |
| Operating Income | -$5.1M-94.8% | -$2.6M-33.7% | -$2.0M | N/A | -$641K | N/A | -$1.0M-1089.2% | -$84K |
| Interest Expense | $1.2M-27.8% | $1.6M+42.5% | $1.1M | N/A | $939K | N/A | $1.1M | N/A |
| Income Tax | $0 | N/A | -$400K | N/A | $315K+3348.4% | -$10K-101.8% | $532K+137.7% | -$1.4M |
| Net Income | $2.2M+152.3% | -$4.3M-55.3% | -$2.8M | N/A | -$2.6M | N/A | -$2.9M-307.8% | -$701K |
| EPS (Diluted) | $0.60+645.5% | $-0.11-37.5% | $-0.08 | N/A | $-3.03-4950.0% | $-0.06+33.3% | $-0.09 | N/A |
ECDAW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.4M-13.3% | $14.4M-14.9% | $16.9M-7.3% | $18.2M-10.7% | $20.4M+94986.0% | $21K-99.9% | $20.6M-11.8% | $23.4M |
| Current Assets | $6.6M-28.9% | $9.3M-20.4% | $11.7M-9.4% | $12.9M-13.8% | $15.0M | N/A | $15.7M-12.0% | $17.8M |
| Cash & Equivalents | $158K-73.9% | $605K-10.7% | $677K-54.1% | $1.5M-58.9% | $3.6M | N/A | $5.6M-31.6% | $8.1M |
| Inventory | $3.8M-52.1% | $7.9M-24.1% | $10.4M-6.6% | $11.2M+2.6% | $10.9M | N/A | $9.7M+0.7% | $9.6M |
| Accounts Receivable | $848K+39.8% | $606K+285.7% | $157K+249.1% | $45K+158.9% | $17K | N/A | $72K-48.1% | $139K |
| Goodwill | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M | N/A | N/A | N/A |
| Total Liabilities | $25.9M-30.9% | $37.5M-1.1% | $37.9M+2.0% | $37.2M+3.1% | $36.0M+136.3% | $15.3M-55.1% | $34.0M-0.4% | $34.1M |
| Current Liabilities | $12.6M-21.6% | $16.1M-6.4% | $17.3M-8.8% | $18.9M+1.9% | $18.6M | N/A | $19.0M-3.6% | $19.7M |
| Long-Term Debt | $9.4M | N/A | N/A | $14.1M | N/A | N/A | N/A | N/A |
| Total Equity | -$13.4M+41.9% | -$23.1M-9.9% | -$21.0M-10.9% | -$19.0M-21.2% | -$15.7M-2.8% | -$15.2M-13.8% | -$13.4M-24.2% | -$10.8M |
| Retained Earnings | -$26.3M+7.8% | -$28.6M-17.6% | -$24.3M-12.8% | -$21.6M-18.2% | -$18.2M-16.4% | -$15.7M-14.9% | -$13.6M-26.5% | -$10.8M |
ECDAW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M-41.9% | -$1.2M+60.7% | -$3.0M-18.8% | -$2.6M+25.1% | -$3.4M | N/A | -$2.6M-160.0% | -$983K |
| Capital Expenditures | N/A | N/A | N/A | $0 | $0-100.0% | $5K-74.4% | $19K-96.1% | $481K |
| Free Cash Flow | N/A | N/A | N/A | -$2.6M+25.1% | -$3.4M | N/A | -$2.6M-75.8% | -$1.5M |
| Investing Cash Flow | N/A | N/A | N/A | $0 | $0-100.0% | $2K+109.9% | -$19K+90.6% | -$201K |
| Financing Cash Flow | $1.3M+11.3% | $1.1M-50.1% | $2.2M+394.4% | $455K-66.4% | $1.4M | N/A | N/A | $4.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | -$82.5M | $0 | N/A | N/A | N/A |
ECDAW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -28.9%-48.7pp | 19.8%-7.7pp | 27.5% | N/A | 31.2% | N/A | 21.8%+23.8pp | -2.0% |
| Operating Margin | -88.0%-50.8pp | -37.3%-6.8pp | -30.4% | N/A | -10.0% | N/A | -14.4%-13.3pp | -1.1% |
| Net Margin | 38.6%+99.5pp | -60.9%-18.0pp | -42.8% | N/A | -39.9% | N/A | -40.9%-32.1pp | -8.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 17.9%+47.7pp | -29.8%-13.4pp | -16.3% | N/A | -12.6% | N/A | -13.9%-10.9pp | -3.0% |
| Current Ratio | 0.53-0.1 | 0.58-0.1 | 0.680.0 | 0.68-0.1 | 0.81 | N/A | 0.82-0.1 | 0.90 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | -53.1% | N/A | -36.8%-18.4pp | -18.4% |
Note: Shareholder equity is negative (-$19.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.68), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is EF Hutton Acquisition Corp's annual revenue?
EF Hutton Acquisition Corp (ECDAW) reported $25.2M in total revenue for fiscal year 2024. This represents a 29.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is EF Hutton Acquisition Corp's revenue growing?
EF Hutton Acquisition Corp (ECDAW) revenue grew by 29.1% year-over-year, from $19.5M to $25.2M in fiscal year 2024.
Is EF Hutton Acquisition Corp profitable?
No, EF Hutton Acquisition Corp (ECDAW) reported a net income of -$10.8M in fiscal year 2024, with a net profit margin of -42.8%.
What is EF Hutton Acquisition Corp's EBITDA?
EF Hutton Acquisition Corp (ECDAW) had EBITDA of -$4.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does EF Hutton Acquisition Corp have?
As of fiscal year 2024, EF Hutton Acquisition Corp (ECDAW) had $1.5M in cash and equivalents against $14.1M in long-term debt.
What is EF Hutton Acquisition Corp's gross margin?
EF Hutton Acquisition Corp (ECDAW) had a gross margin of 23.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is EF Hutton Acquisition Corp's operating margin?
EF Hutton Acquisition Corp (ECDAW) had an operating margin of -18.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is EF Hutton Acquisition Corp's net profit margin?
EF Hutton Acquisition Corp (ECDAW) had a net profit margin of -42.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is EF Hutton Acquisition Corp's free cash flow?
EF Hutton Acquisition Corp (ECDAW) generated -$9.8M in free cash flow during fiscal year 2024. This represents a -292.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is EF Hutton Acquisition Corp's operating cash flow?
EF Hutton Acquisition Corp (ECDAW) generated -$9.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are EF Hutton Acquisition Corp's total assets?
EF Hutton Acquisition Corp (ECDAW) had $18.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are EF Hutton Acquisition Corp's capital expenditures?
EF Hutton Acquisition Corp (ECDAW) invested $24K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is EF Hutton Acquisition Corp's current ratio?
EF Hutton Acquisition Corp (ECDAW) had a current ratio of 0.68 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is EF Hutton Acquisition Corp's return on assets (ROA)?
EF Hutton Acquisition Corp (ECDAW) had a return on assets of -59.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is EF Hutton Acquisition Corp's cash runway?
Based on fiscal year 2024 data, EF Hutton Acquisition Corp (ECDAW) had $1.5M in cash against an annual operating cash burn of $9.8M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is EF Hutton Acquisition Corp's debt-to-equity ratio negative or not reported?
EF Hutton Acquisition Corp (ECDAW) has negative shareholder equity of -$19.0M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is EF Hutton Acquisition Corp's Piotroski F-Score?
EF Hutton Acquisition Corp (ECDAW) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are EF Hutton Acquisition Corp's earnings high quality?
EF Hutton Acquisition Corp (ECDAW) has an earnings quality ratio of 0.91x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can EF Hutton Acquisition Corp cover its interest payments?
EF Hutton Acquisition Corp (ECDAW) has an interest coverage ratio of -1.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is EF Hutton Acquisition Corp?
EF Hutton Acquisition Corp (ECDAW) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.