Welcome to our dedicated page for ECD Automotive Design news (Ticker: ECDA), a resource for investors and traders seeking the latest updates and insights on ECD Automotive Design stock.
ECD Automotive Design (ECDA) delivers masterful restorations of classic vehicles, merging vintage British elegance with modern engineering. This news hub provides investors and enthusiasts with timely updates on the company’s financial milestones, product innovations, and strategic partnerships.
Access official press releases, earnings reports, and announcements covering key developments like custom vehicle launches, collaborations with industry leaders, and operational expansions. Track ECDA’s progress in the luxury automotive sector through verified updates on design advancements and market positioning.
Explore curated news on bespoke restomod projects, including Land Rover and Jaguar restorations, alongside insights into production capabilities at ECD’s Florida facility. Stay informed about the company’s unique approach to balancing handcrafted customization with scalable manufacturing processes.
Bookmark this page for direct access to ECD Automotive Design’s latest news, ensuring you never miss critical updates shaping this innovator in luxury automotive restoration.
ECD Auto Design (ECDA) announced its 2023 financial results, showcasing a 22.5% revenue increase to $15.1 million and a 150% rise in gross profit to $4.2 million. The company also achieved an adjusted EBITDA of $1.1 million and reiterated its 2024 revenue expectation of $33 million, a 118% jump over 2023. The recent acquisition of Brand New Muscle Car assets further expands ECD's product line. Despite a net loss of $(1.6) million, ECD remains optimistic about its profitable growth strategies, focusing on production efficiency, market consolidation, and branding in the luxury classic car sector.
ECD Auto Design, the world's largest Land Rover and Jaguar restoration company, expands product line to include classic Ford Mustangs after acquiring Brand New Muscle Car assets. This marks a significant milestone as ECD's first American build. Each Mustang is fully customizable with over 2 million configurations, reflecting clients' unique styles. The company promises unparalleled craftsmanship and dedication to excellence in creating one-of-a-kind masterpieces.
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