Overview

* ECARX ( ECX ) 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 ( ECX ) expects to maintain growth momentum into next quarter and beyond

* Company has secured a $400 mln project with a leading European automaker

* ECARX ( ECX ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Gross 22%

Margin

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)