ECD Automotive Design, Inc. Q2 FY2025 earnings call

• Introduced new Chief Financial Officer Vicki Hay and recognized Ben Piggott in his new role as Director of Corporate Development.
• Q2 2025 showed record revenue of $7 million driven by bespoke demand and manufacturing efficiencies.
• Launched Project Ghost Mustang, a custom 1967 fast pack that embodies ECD's values, and it won best of class at the Route 66 Road Fest.
• Jaguar E-type Project, the Wealth Commission, earned first place at the Larz Anderson Auto Museum's British Car Day.
• Strong performance of retail locations like stores within a store concept in West Palm Beach and pop-up in Nantucket.
• Implemented cost savings initiatives, refined inventory management, and negotiated 12-month grace period on debt service.
• Secured $500 million equity facility for strategic Bitcoin accumulation and growth initiatives.

ECD Auto Design reported second quarter 2025 revenue of $7 million, which is a $0.5 million increase over Q2 '24, representing the highest quarterly revenue in the company's history. The company's core offerings include Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Ford Mustangs, and Toyota FJs. Gross profit for the quarter was $1.4 million, down $0.7 million from Q2 '24, with a gross margin of 20% compared to 32% in the prior year quarter. The decline in gross margin was primarily due to higher shipping and custom fees.

• Focus on regaining and maintaining NASDAQ compliance.
• Taken steps like filing S-1 registration statement, exchanging convertible debt into preferred stock, and raising additional equity capital.
• Continued G&A streamlining and planned margin improvements to support growth.

• Received delisting notice from NASDAQ in August 2025 due to noncompliance of continued listing requirements; engaged advisory firm to navigate the process.

Q: Could you give more details on the Mustang rollout and pipeline for the next 12 months?

A: The Mustang has faced part supply chain challenges but is in production with backlog building. It took time to refine the production model, but the team is pivoting and learning, expecting to streamline production.

Q: On the Bitcoin $500 million financing, is it more of a marketing tool or financing tool?

A: It's a combination of both. It's to get Bitcoin payments and build a reserve, and also to be used for business expansion like opening new retail units and production lines.