Q2 2025 Ecarx Holdings Inc. Earnings Call Transcript
Key Points
- ECARX Holdings Inc (ECX) shipped 532,000 units in Q2, bringing the total number of vehicles with their technology to over 9.3 million.
- The company secured over USD 1 billion in lifetime revenue from overseas contracts, highlighting strong international growth.
- Shipments of the Antora series solutions surged 112% year-over-year, indicating strong demand for their flagship platform.
- ECARX Holdings Inc (ECX) achieved a 20% reduction in operating expenses, demonstrating effective cost management.
- The company is expanding its global presence with a new headquarters in Singapore, enhancing its global IP management and R&D collaboration.
- Total revenue for Q2 was USD 156 million, impacted by seasonal headwinds and macroeconomic uncertainties.
- Gross profit declined by 58% year-over-year, with a gross margin of 11%, due to strategic pricing initiatives and lower software license revenue.
- Software license revenue decreased 85% year-over-year, reflecting challenges in this segment.
- Service revenue fell 34% year-over-year, primarily due to lower revenue from nonrecurring engineering services.
- Adjusted EBITDA loss was USD 30 million, slightly worse than the previous year's loss of USD 29 million, due to decreased gross profit.
Good day, and thank you for joining us. Welcome to ECARX's second quarter 2025 earnings conference call. (Operator Instructions) As a reminder, today's conference call is being recorded.
I would now like to turn the call over to your host for today's call, Rene Du, Head of Investor Relations at ECARX. Please proceed, Rene.
Thank you, operator. Good morning, and welcome to ECARX second quarter 2025 earnings conference call. With me today from ECARX are our Chairman and Chief Executive Officer, Ziyu Shen; Chief Operating Officer, Peter Cirino; and Chief Financial Officer, Phil Zhou. Following their prepared remarks, they will all be available to answer your questions.
Before we start, I would like to refer you to our forward-looking statements at the bottom of our earnings press release, which also applies to this call. Further information on specific risk factors that could cause actual results to differ materially can be found in our filings with the SEC. In addition, this call will
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
