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

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

Press Release:

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