04:26 PM EDT, 05/03/2024 (MT Newswires) -- ECD Auto Design (ECDA) shares jumped more than 9% in recent Friday trading, after reporting a 22.5% year-over-year increase in revenue for the 12 months ended Dec. 31.

ECD Auto reported a 2023 loss of $0.09 per share, compared with a $0.06 per share loss a year earlier. A lone analyst polled by Capital IQ expected a loss of $0.12.

Revenue for the year ended Dec. 31 grew to $15.1 million, up from $12.3 million a year earlier. A single analyst surveyed by Capital IQ expected $21.5 million.

For full year 2024, the company reiterated its 2024 revenue guidance of at least $33 million. A single analyst polled by Capital IQ expects $32.7 million.

Price: 1.31, Change: +0.11, Percent Change: +9.17