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10-Q: Quarterly report

10-Q: Quarterly report

10-Q：季度报表
美股sec公告 ·  06/27 17:19
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ECD Automotive Design, Inc. (ECD) reported a significant increase in financial performance for the quarter ended March 31, 2024. Net revenue soared by 206.9% to $8.3 million, up from $2.7 million in the same period last year, driven by a rise in the average selling price per vehicle and improved production efficiency. Despite this, the company experienced a net loss of $1.55 million, an increase from the previous year's loss of $1.12 million, attributed to higher operating expenses and interest costs related to a convertible note. Operating expenses rose by 77.2% due to expansion efforts and the transition to public company status. The company's gross profit margin improved significantly, reaching 29.8% compared to 11.2% in the prior year. ECD's cash and cash equivalents stood at $5.56 million, with...Show More
ECD Automotive Design, Inc. (ECD) reported a significant increase in financial performance for the quarter ended March 31, 2024. Net revenue soared by 206.9% to $8.3 million, up from $2.7 million in the same period last year, driven by a rise in the average selling price per vehicle and improved production efficiency. Despite this, the company experienced a net loss of $1.55 million, an increase from the previous year's loss of $1.12 million, attributed to higher operating expenses and interest costs related to a convertible note. Operating expenses rose by 77.2% due to expansion efforts and the transition to public company status. The company's gross profit margin improved significantly, reaching 29.8% compared to 11.2% in the prior year. ECD's cash and cash equivalents stood at $5.56 million, with a working capital deficit due to increases in inventory and deferred revenue. The company's future plans include expanding its product line to include Jaguar E-type vehicles and American Classic muscle cars, expecting to enhance gross margins and production scale. ECD also plans to open new marketing channels and expand into international markets.
ECD汽车设计公司（ECD）报告称，截至2024年3月31日的季度财务业绩显著增长。净营业收入飙升206.9%，达830万美元，而去年同期只有270万美元，这是由于汽车平均售价的上升和生产效率的提高所推动的。尽管如此，由于营业费用和可转换票据的利息成本增加，公司经历了155万美元的净亏损，这比上一年的亏损112万美元有所增加。由于扩张和转型为上市公司的努力，营业费用增长了77.2%。公司的毛利润率显著提高，达到29.8%，而去年同期为11.2%。ECD的现金及现金等价物为556万美元，由于库存和递延收入增加导致工作资本出现赤字。公司未来计划将产品线扩大至包括捷豹E型汽车和美国经典肌肉车，预计将提高毛利润和生产规模。ECD还计划开拓新的营销渠道并进军国际市场。
ECD汽车设计公司（ECD）报告称，截至2024年3月31日的季度财务业绩显著增长。净营业收入飙升206.9%，达830万美元，而去年同期只有270万美元，这是由于汽车平均售价的上升和生产效率的提高所推动的。尽管如此，由于营业费用和可转换票据的利息成本增加，公司经历了155万美元的净亏损，这比上一年的亏损112万美元有所增加。由于扩张和转型为上市公司的努力，营业费用增长了77.2%。公司的毛利润率显著提高，达到29.8%，而去年同期为11.2%。ECD的现金及现金等价物为556万美元，由于库存和递延收入增加导致工作资本出现赤字。公司未来计划将产品线扩大至包括捷豹E型汽车和美国经典肌肉车，预计将提高毛利润和生产规模。ECD还计划开拓新的营销渠道并进军国际市场。
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