ECARX (ECX, Financial) has successfully achieved ISO9001, ISO14001, and ISO45001 certifications. These certifications span the entire process from design to sales for their intelligent cockpit and driving solutions. This accomplishment exhibits ECARX's dedication to fostering secure and efficient intelligent solutions for car manufacturers worldwide. As part of its broader strategy, this move reinforces its commitment to global expansion.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for ECARX Holdings Inc (ECX, Financial) is $3.79 with a high estimate of $5.00 and a low estimate of $2.65. The average target implies an upside of 191.74% from the current price of $1.30. More detailed estimate data can be found on the ECARX Holdings Inc (ECX) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, ECARX Holdings Inc's (ECX, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
ECX Key Business Developments
Release Date: April 30, 2025
- Total Revenue: RMB1.2 billion, up 30% year-over-year.
- Sales of Goods Revenue: RMB879 million, up 16% year-over-year.
- Software License Revenue: RMB187 million, up 148% year-over-year.
- Service Revenue: RMB157 million, up 49% year-over-year.
- Gross Profit: RMB243 million, up 19% year-over-year.
- Gross Margin: 19.8%.
- Operating Loss: Reduced by 30% year-over-year to $24.6 million.
- Adjusted EBITDA Loss: RMB105 million, improved from a loss of RMB224 million last year.
- Loss Per Share: RMB0.57, compared to RMB0.85 last year.
- Cash and Restricted Cash: RMB933 million at the end of the quarter.
- Shipments: 684,000 units, with total vehicles on the road reaching over 8.7 million.
- China Market Growth: 12.9% year-over-year.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- ECARX Holdings Inc (ECX, Financial) reported a 30% year-over-year increase in total revenue, reaching $168.5 million.
- The company achieved a significant milestone with the integration of cockpit, driving, and parking capabilities into the Antora 1000 SPB, enhancing their product offerings.
- Shipments surged to 684,000 units, marking a 35.8% year-over-year increase, driven by the success of Geely's Galaxy brand.
- ECARX Holdings Inc (ECX) secured eight new project wins under Geely's new foundation E/E architecture, reinforcing their strategic partnerships.
- The company hosted a successful Investor Day in Hong Kong, highlighting their first quarter of EBITDA breakeven and positive outlook for global expansion.
Negative Points
- Global vehicle sales fell 5.6% year-over-year, indicating market headwinds and supply chain challenges.
- Despite revenue growth, ECARX Holdings Inc (ECX) reported an operating loss of $24.6 million, although it narrowed by 30% year-over-year.
- Gross margins remained firm at around 20%, but the company faces further competition in the market.
- The company is impacted by US tariffs, which pose challenges to their supply chain and manufacturing strategy.
- There is pressure on pricing and costs, particularly in the China market, which could affect profitability.
