Mobility tech firm ECARX turns profitable on higher shipment volumes in Q3

Ecarx Holdings.

03/11/2025 12:12

Overview

ECARX Q3 revenue grows 11% YoY to $219.9 mln, driven by higher shipment volumes

Company achieves first net profit of $0.9 mln, compared to a loss last year

Adjusted EBITDA reaches $8.3 mln, reflecting improved operational efficiency

Outlook

ECARX expects to maintain growth momentum into next quarter and beyond

Company has secured a $400 mln project with a leading European automaker

ECARX entered agreement to issue up to $150 mln in convertible notes

Result Drivers

SHIPMENT VOLUME - Total shipments reached approximately 667,000 units, up 51% YoY, driven by record high shipments of Antora series

PRODUCT INNOVATION - Pikes computing platform contributed to strong performance as mass production began

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Gross Margin
22%


Press Release: ID:nGNX1bTy46

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)