ECD Auto Design (NASDAQ: ECDA), the largest Land Rover and Jaguar restoration company, announced its financial results for Q1 2024, highlighting a 207% revenue increase to $8.3 million. Gross profit surged to $2.5 million with a margin expansion to 30.1%. However, net loss widened to $1.6 million compared to $1.1 million the previous year. Adjusted EBITDA improved to $0.4 million. Operating expenses rose due to growth and public company costs. The company acquired Brand New Muscle Car and a licensing agreement with Black Dog Trading. ECD reaffirmed its full-year 2024 revenue guidance at $33.0 million.
ECD Automotive Design Q1 EPS $(0.05), Same YoY, Sales $8.31M Up From $2.71M YoY
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let it squeeze
:
im curious about your opinion....since the shown prices on this chart are historical prices and have not been fuged with reverse split. because I don't see any r.s. history on this. $5-10 dollars possibly?
Jaguar8
OPlet it squeeze
:
They don’t need to do RS since looking at the past 180 days, they haven’t been below 1 pps for 30 consecutive days which is usually one reason for RS plus to reduce its float to be more attractive to investors. I expect dilution more than an RS
let it squeeze
Jaguar8
OP
:
I know they don't need a r.s. what I am thinking is a lot of stocks show altered prices because of a r.s. this one looks genuinely priced from history. being a historical 10 dollar price in the past, my question is, odds of it going up and popping to 5 or 10?
Jaguar8
OPlet it squeeze
:
All depends on a huge/mega PR to run 400-500% buy pressure, shorts.This is a low floater so a huge PR is possible . But I see this making a public offering in the near future after a PR.
let it squeeze
Jaguar8
OP
:
possible, but im holding for now. earnings looking really good for a pop in the upcoming week especially if they released some new news. gamble yes but worth the risk and reward. good luck to you
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let it squeeze : im curious about your opinion....since the shown prices on this chart are historical prices and have not been fuged with reverse split. because I don't see any r.s. history on this. $5-10 dollars possibly?
Jaguar8 OP let it squeeze : They don’t need to do RS since looking at the past 180 days, they haven’t been below 1 pps for 30 consecutive days which is usually one reason for RS plus to reduce its float to be more attractive to investors. I expect dilution more than an RS
let it squeeze Jaguar8 OP : I know they don't need a r.s.
price in the past, my question is, odds of it going up and popping to 5 or 10?
what I am thinking is a lot of stocks show altered prices because of a r.s.
this one looks genuinely priced from history. being a historical 10 dollar
Jaguar8 OP let it squeeze : All depends on a huge/mega PR to run 400-500% buy pressure, shorts.This is a low floater so a huge PR is possible . But I see this making a public offering in the near future after a PR.
let it squeeze Jaguar8 OP : possible, but im holding for now. earnings looking really good for a pop in the upcoming week especially if they released some new news. gamble yes but worth the risk and reward. good luck to you
Jaguar8 OP let it squeeze : Sure.