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History of ECD All our founders grew up in England, around 40 miles from the Solihull plant, a car manufacturing factory at Lode Heath, Solihull, United Kingdom, where Land Rover Defenders first started to be built. From an early age, our founders naturally developed their passion for such English vehicles.
The business is unprofitable at the operating level (-18.08% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 11728.2% YoY with margins expanding 703.8pp.
ROIC dropped from -12.57% to -22.11%, capital efficiency is deteriorating. Negative free cash flow of -$10M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$25M
▲ +11728.2% YoY
Net Income (TTM)
-$8M
▼ -813.7% YoY
Op. Margin
-49.10%
▲ +703.8pp YoY
ROIC
-49.15%
▼ -9.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$9M
▼ -292.2% YoY
Op. Cash Flow (TTM)
-$9M
▼ -389.1% YoY
Net Debt
$14M
Cash & Equiv.
$158K
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