ECDA

U.S. Stock Market Performance: U.S. stocks opened higher, with the Nasdaq Composite gaining approximately 100 points, while the Dow, S&P 500, and communication services sectors also saw increases.

Earnings Reports: Chagee Holdings Limited's shares rose 4% after reporting a decline in net income and revenues for Q3, while other companies like SMX and Pasithea Therapeutics experienced significant stock price surges following positive announcements.

Market Movements: Several stocks, including Rubico Inc. and Tilray Brands, faced declines due to reverse stock splits, while commodities like oil and gold saw slight increases.

Global Market Overview: European shares were mostly up, with mixed results in Asian markets, as Japan's Nikkei gained slightly while Hong Kong's Hang Seng fell. No major economic reports were scheduled for release.

Heartbeam Inc's Stock Surge: Heartbeam Inc's shares rose 43.3% in pre-market trading after announcing its regulatory strategy following the FDA's Not Substantially Equivalent decision on its Electrocardiogram Synthesis Software, with plans for an appeal or 510(k) resubmission.

Other Notable Gainers: Several stocks saw significant gains in pre-market trading, including SMX PLC (+73.1%), Zenta Group (+26.7%), and Waton Financial (+21.1%), reflecting a positive trend in the market.

Major Losers: FBS Global Ltd experienced a sharp decline of 24.3%, while Tilray Brands fell 15% after announcing a reverse stock split, indicating volatility among certain stocks.

Market Overview: The pre-market trading session showed mixed results, with notable gains for some companies and significant losses for others, highlighting the fluctuating nature of the stock market.

Financial Performance: ECD Automotive Design reported third-quarter revenue of $5.8 million, down from $6.4 million in the same period last year, with a gross loss of $1.7 million compared to a profit of $2.0 million in 2024, primarily due to the completion of legacy builds and increased tariff costs.

Net Income Improvement: The company achieved a net income of $2.2 million in Q3 2025, a significant turnaround from a net loss of $2.6 million in Q3 2024, largely attributed to a non-cash gain from converting debt into preferred stock.

Cost-Containment Strategy: ECD is implementing a cost-containment plan expected to yield over $1 million in annual savings through headcount and overhead reductions, while maintaining its commitment to craftsmanship and production quality.

Business Expansion Initiatives: The company is diversifying its product offerings with a new collaboration with Chelsea Truck Company for modern Land Rover builds and has entered the Porsche restoration market, highlighted by an award-winning Porsche 911 build.