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10-Q: Q1 2024 Earnings Report

10-Q: Q1 2024 Earnings Report

10-Q：2024財年一季報
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 Automotive Design公司（ECD）報告稱，截至2024年3月31日的季度財務表現大幅提高。營業收入激增206.9%，達到830萬美元，上年同期爲270萬美元，由於車均售價上漲和生產效率提高所推動。儘管如此，該公司經歷了155萬美元的淨虧損，高於去年的112萬美元虧損，原因是營業費用和可轉換債券利息成本增加。由於拓展業務和轉型爲上市公司，營業費用增長了77.2%。該公司的毛利率大幅提高，達到29.8%，而上一年則爲11.2%。ECD的現金及現金等價物餘額爲556萬美元，由於存貨和遞延營收增加而導致營運資本缺口。該公司未來計劃將產品線擴大到包括捷豹E型車和美國古典肌肉車，並期望提高毛利率和生產規模。ECD還計劃開拓新的營銷渠道並進軍國際市場。
ECD Automotive Design公司（ECD）報告稱，截至2024年3月31日的季度財務表現大幅提高。營業收入激增206.9%，達到830萬美元，上年同期爲270萬美元，由於車均售價上漲和生產效率提高所推動。儘管如此，該公司經歷了155萬美元的淨虧損，高於去年的112萬美元虧損，原因是營業費用和可轉換債券利息成本增加。由於拓展業務和轉型爲上市公司，營業費用增長了77.2%。該公司的毛利率大幅提高，達到29.8%，而上一年則爲11.2%。ECD的現金及現金等價物餘額爲556萬美元，由於存貨和遞延營收增加而導致營運資本缺口。該公司未來計劃將產品線擴大到包括捷豹E型車和美國古典肌肉車，並期望提高毛利率和生產規模。ECD還計劃開拓新的營銷渠道並進軍國際市場。
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