ECDA ECD Automotive Design, Inc.

Overview and Growth

In fiscal 2024, ECD Automotive Design, Inc. recorded $25.17M of revenue, net loss of $10.77M, and an operating cash outflow of $9.76M. Revenue of $25.17M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 29.1% above fiscal 2023 revenue of $19.49M, marking a year-over-year increase. On a per-share basis, diluted EPS was -$12.80, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 837.64K, linking total earnings with the per-share result received by shareholders. Total assets stood at $18.20M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 1.38x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $5.89M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 23.4% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $4.55M after the reported operating expense base. Relative to revenue, the operating deficit measured 18.1%, showing the shortfall after operating costs. The bottom-line result was a net loss of $10.77M after operating, financing, tax, and other recognized items. Net margin was -42.8%, reflecting a loss equal to 42.8% of reported revenue. EBITDA was negative $4.42M, showing a deficit before interest, taxes, depreciation, and amortization. Before income taxes, the company recorded a loss of $9.93M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 39.5%. The reported income-tax provision was $838.05K, the amount recognized between pretax income and the final net-income result. Relative to total assets, the net loss represented 59.2%. Compared with a $1.18M net loss in fiscal 2023, the current loss increased to $10.77M.

Liquidity and Capital Structure

Total assets were $18.20M, supported by $37.17M of liabilities and -$18.98M of shareholder equity. Equity was negative at -$18.98M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $12.94M compared with current liabilities of $18.91M, defining the company’s short-term resource position. At 0.68x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Reported cash and equivalents were $1.48M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 7.8% of current liabilities, showing how much near-term coverage came from cash alone. Book equity represented -104.3% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 204.3% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 8.1%, comparing reported cash and equivalents with the full positive asset balance. Compared with $23.37M in fiscal 2023, the current asset base moved 22.1% and finished lower. Cash and equivalents were 81.8% lower than fiscal 2023 cash of $8.13M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities used $9.76M of cash, resulting in an operating cash outflow for the year. Capital expenditures used $23.76K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Negative free cash flow was $9.79M, leaving a cash deficit after capital spending and reducing financial flexibility. Free-cash-flow margin was -38.9%, reflecting a cash deficit equal to 38.9% of revenue after capital spending. Relative to total assets, the post-investment cash deficit measured 53.8%. Cash absorbed by operations increased from $2.00M in fiscal 2023 to $9.76M.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Nov 4, 2026.