NASDAQ$ECDA
ECD Automotive Design Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
ECD Auto Design reported a record revenue with strong gross margins and reaffirmed full-year revenue guidance.
ECD Auto Design reported a record $8.9 million in revenue, a 129% increase compared to the second quarter of 2023. The company maintained strong gross margins of 31.8% and reaffirmed its full-year 2024 revenue guidance of $33.0 million.
- Revenue increased by 129% to a record $8.9 million compared to Q2 2023.
- Gross profit was $2.8 million, representing 31.8% of revenue, consistent with the previous year.
- Operating income improved to $0.1 million, compared to an operating loss in Q2 2023.
- Adjusted EBITDA improved to $0.4 million from $0.0 million in the same quarter last year.
Headline financials
Revenue & EPS history
ECD · Revenue · Quarterly
$8.87M
Forward guidance
The Company is reaffirming their guidance and expects 2024 revenue to be $33.0 million, representing an increase of approximately 108% when compared to revenue of $15.1 million in 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q2 2024
+2.0%
Avg return
Earnings day
+2.2%
Avg return
5 days after
-15.4%
Avg return
30 days after
64%
7 / 11 earnings
Positive
+19.8%
Q2 2024
Best reaction
-16.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.4% | -8.6% | -68.2% | |
| Q2 2025 | +8.8% | +0.9% | -25.8% | |
| Q1 2025 | -11.2% | -3.7% | +13.9% | |
| Q3 2024 | +6.7% | +1.4% | -47.7% | |
| Q2 2024 | +19.8% | +15.1% | +13.2% | |
| Q1 2024 | +14.5% | +19.7% | +28.0% | |
| Q4 2023 | -16.2% | -9.8% | -21.1% | |
| Q3 2023 | +0.2% | — | — | |
| Q2 2023 | +0.0% | — | — | |
| Q1 2023 | +0.2% | — | — | |
| Q4 2022 | -0.8% | — | — | |
| Q3 2022 | — | — | — | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — | |
| Q1 2021 | — | — | — |
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