ECD Automotive Design Reports 42% Share Increase
By ATTN Desk · Editorial oversight: Sean Han
ECD Automotive Design Inc. (NASDAQ: ECDA)
1. Introduction
ECD Automotive Design Inc. is a public company (NASDAQ: ECDA) specializing in custom restorations and bespoke builds of Land Rover Defenders, Range Rover Classics, Jaguar E-Types, and Ford Mustangs. Founded in 2013 and headquartered in Kissimmee, Florida, ECD combines heritage design with modern performance through in-house craftsmanship.
2. Corporate Structure and Leadership
- Facility: 100,000 sq ft “Rover Dome” in Kissimmee, FL
- Employees: Approximately 80 full-time mechanics; LinkedIn reports a total employee range of 51–200
- Executive Team:
- Scott Wallace, Co-Founder & CEO
- Thomas Humble, Co-Founder & Chief Experience Officer
- Elliot Humble, Co-Founder & CTO/Operations Manager
- Emily Humble, Co-Founder & Chief Product Officer
- Benjamin Piggott, CFO (joined 2024)
- Kevin Kastner, Chief Revenue Officer
3. Recent Developments and News
- May 15, 2025: Filed Form NT 10-Q to notify about the delayed quarterly report, citing additional time needed for financial review.
- May 21, 2025:
- Filed Form 10-Q for the period ending March 31, 2025.
- Reported gross profit margin at 27.5%, an increase of 570 basis points year-over-year.
- Received a $620,000 order for a second Jaguar E-Type GTO.
- Debuted the “Fastback” Mustang restomod, powered by a Roush-engineered V8.
- Launched Project Beach Patrol, a Defender 90 soft top suited for warm-weather cruising.
- May 30, 2025: Share price closed at $0.3765 on NASDAQ, reflecting a 42.24% increase with 15,663,081 shares traded.
4. Financial and Strategic Analysis
| Metric | Value |
|---|---|
| Share Price (2025-05-30) | $0.3765 (+42.24%) |
| Volume (2025-05-30) | 15,663,081 |
| Market Cap | $9.37 million |
| Revenue (TTM) | $24.6 million |
| Net Income (TTM) | –$10.66 million |
| Profit Margin | –43.35% |
| Return on Assets (TTM) | –17.89% |
| Price/Sales (TTM) | 0.37 |
| EV/Revenue | 1.26 |
| Cash (MRQ) | $677,000 |
Key points:
- The company reported a net loss of $10.66 million on a trailing-twelve-month basis.
- Cash reserves were $677,000 as of the most recent quarter.
- ECD's expansion into Mustang builds adds diversity to its product offerings.
- ECD does not currently pay dividends nor has a direct stock purchase plan in place.
5. Market Position and Industry Context
ECD operates in the niche restomod segment of the luxury automotive industry, targeting collectors and enthusiasts who seek bespoke vehicles. The company’s products have been featured in over 800 publications, including Robb Report, Top Gear, Motor Trend, and Forbes, indicating significant media presence. With a relatively small market capitalization and ongoing financial losses, ECD competes with larger specialty builders, yet differentiates itself through in-house production capabilities, customizable 3D-rendering tools, and a blend of British and American leadership.
tl;dr
- On May 21, 2025, ECD Automotive Design filed its delayed 10-Q, reporting a 27.5% gross margin and securing a $620,000 Jaguar E-Type GTO order.
- The company introduced its Mustang Fastback restomod and Project Beach Patrol on the same date.
- Shares increased 42.24% to $0.3765 on May 30, 2025, with 15.7 million shares traded.
- Financially, ECD reported $24.6 million in TTM revenue against a $10.66 million net loss, with $677,000 in cash.
- Future outlook depends on leveraging new product lines and improving profitability while maintaining bespoke craftsmanship.