Q3 2025 ECARX Holdings Inc Earnings Call
Good day, and thank you for joining us. Welcome to e-core X's third quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. After management gives their prepared remarks, there will be a question-and-answer session.
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, Renee Du, Head of Investor Relations at ECARX, please proceed. Renee, good morning and welcome to ECARX's third 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, Joe. 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 will also apply to this.
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 include discussions of certain non-GAAP financial measures.
A reconciliation of the non-GAAP financial measures to the GAAP financial measures can also be found at the bottom of our earnings release.
With that, I'd like to handle the call over to you. Please go ahead.
Thank you, Renee.
Hello, everyone, and thank you for joining us today.
Building on the strong momentum, from the first half of the year.
Quarter 3, derivatives, several significant milestones demonstrate the continued progress we are making in laying a sustainable foundation for future growth.
We successfully achieved. EBA brick event per hour guidance in quarter 2 and recorded in beta of US dollar, 8.3 million US dollar.
Even more to notably, we became net profitable for the first time achieving break, even with that. Perfect of US dollar 0.9 million
Oh, I moved to profitability, which was supported by a recovery in gross margin, enhanced R&D efficiency, and our ongoing optimization of operating expenses.
These all reflect the stress and the effectiveness of our Ling operating strategy.
Revenue growth of 11% year over year and 41% quarter over quarter, totaling $290.9 million.
Gross profit was US dollar 47.6 million up 39% year-over-year, lifting gross margin to 22%. This growth was fueled by the successful launch of multiply vehicle models, incorporating our Solutions and the recovery in average selling prices and by strong demand across our portfolio.
Our products Computing platform build on the core con a295 Snapdragon. Chipset is our latest solution to begin mass production and it was a key contributor to our strong performance during the quarter as we began scaling up production,
With a growing Global project Pipeline and expanding Partnerships. We are on the trajectory to drive these strong momentum into next quarter and the 2026 where we will maintain profitability in quarter 4, and achieve double digits, Revenue growth in total, and 5 and Beyond.
Shipments surged in Q3 to approximately 667,000 units, representing a 51% increase year over year and a 26% increase quarter to quarter. Shipments of our Andor series reached a record high of 196,000 units. The increased deliveries of the Entra series are a key driver of our success in achieving profitability and supporting our future growth.
Family accounts for a larger percentage of total shipments by the end of September. Our proximity: 10 million vehicles on the road globally, incorporated, ear X technology. A testament to our delivery at scale as a trust we have earned from automakers worldwide.
The breeze of our global partnerships with our makers continues to amplify the unique value proposition we offer as a core technology provider.
More vehicles integrated with our solutions are heating the road and driving strong sales growth.
such as gd's, best selling models, the xingu,
Shinya and Flagship gas me.
We also continue to unlock new growth opportunities from existing partnerships, building on the momentum from our initial project. Last quarter, with one of China's top five automakers, we secured a second project. We will work with the local partner to integrate our solution into a new model expected to launch next year. Additionally, we secured a new project with another Chinese automaker for its upcoming MPV model. Most importantly, we continue to make meaningful breakthroughs globally, securing a second project recently with a leading European owner that will add another.
US dollar 400 million in lifetime revenue has been added to our pipeline. This brings the total contracted lifetime revenue from Global Omega across Europe and America to over $2.5 billion. This win reflects the growing trust in our solutions and is paving the way for deeper strategic collaboration going forward.
Our technological leadership is centered around the software-defined vehicle, featuring a four-stack capability of Cloud Peak.
And the integration of Google Automotive Services into our platform provides significant value to global automakers, allowing them to cut gas certification time by over 50%, reducing it to just 8 months.
These Wings demonstrated the rapid capability and the scale ability of our core technology knowledge across Diversified platforms. And the Geographics allowing us to forgo stronger Partnerships and drive significant commercial value.
This underscores how our Festival software Define Solutions and platform strategies effectively address the evolving needs of leading automakers worldwide.
Furthermore, our activities to rapidly integrate Google's automated service, combined with our internet intelligence and manufacturing infrastructure, provide support for competitive advantage. These strengths enable us to both accelerate time to market and efficiently scale up on a global level.
Our core stream results, clearly demonstrate the strength and momentum, we are building through operational discipline a robust state project pipeline, a strength Global process and continued investments in technology and infrastructure. We have delivered on our commitment to achieving EB, the break, even and becoming profitable.
Moreover, the raising up to $150 million in convertible notes last week reflects the strong confidence investors have in our strategy and execution as we enter a new phase of growth. The offering involves a zero-coupon advertised installment structure and an initial conversion price set at a 15% premium to the reference share price at issuance. This additional capital will provide ample liquidity to fuel our international expansion.
Drive for the new product Innovation, and explore potential MMA opportunity. Globally with this support and solid foundation. LED with a profitable course 3. We are confident these momentum will carry into the fourth quarter. We are now focused on finishing the year, strong and driving growth in 206 and Beyond.
I will now pass the call over to Peter, who will go through the operating results of the quarter in more detail.
Thank you. See you. Good morning, everyone.
In Q3 we made strong progress, executing our strategic priorities, by expanding our Global footprint.
Deepening key Partnerships.
67000 units.
Bringing the cumulative number of vehicles equipped with ECARX technologies to approximately 10 million units,
a significant milestone highlighting the growing size of our unsolved base.
And a direct reflection of the reliability of our solutions.
To date. We proudly, serve 180, EMS, 28 brands worldwide.
Our, Global expansion remains a core focus. And in Q3
We engage extensively with automakers around the world.
Following last quarter's first project win with a top 5 Chinese automaker, we secured a second project for their next model.
We will co-develop this with a local partner, with an expected launch in early 2026.
We also secured a project with another Chinese automaker for its upcoming MPV model.
Internationally, we've also won a second project with a leading European automaker, highlighting the growing trust in our intelligent cockpit solutions globally.
Overall with our deepening focus on global automakers, we have a growing pipeline of programs identified in Europe, and the Americas representing more than 2.5 billion in total lifetime Revenue, spanning, almost all major car makers in Europe and the Americas.
We're excited about the future program wins, which will come from this substantial pipeline.
As a core technology partner, our brand's market presence and ability to redefine in-vehicle user experience were validated by several vehicle launches this quarter.
Following the successful Global launch of the Volvo ex30 across more than 100 countries in 2023.
Volvo has integrated the MTO 1000 Pro competing platform and Cloud Peak cross-domain software stack into their XC70.
Hybrid mid-size luxury SUV, which launched in August?
The Volvo XC70 is the first model to feature Volvo's SMA Super Hydro architecture.
We collaborate closely with them on every aspect of its design and development, including Hardware system architecture operating systems HMI
Application ecosystem, functional safety, information security, and quality control.
Our pipes Computing platform and Cloud. Peak cross domain software stack are having a significant impact on the market.
The next generation AI cockpit experience they deliver transforms cockpits from feature-centric to intelligence center environments.
The Link and Code 10 EMT Early in the quarter was the first model that integrated this advanced solution and set new industry benchmarks for AI-powered intelligent cockpits.
Building on this, the platform was rapidly replicated in Lincoln Co. in 2007 and 2008, EMP models.
Further demonstrating its strong scalability and versatility.
The G-League Galaxy M9 Global launch further highlights how these integrated solutions are driving sales for our partners, with orders exceeding 40,000 units within 24 hours of pre-sales openings.
Together these pivotal vehicle launches exemplify how our Solutions can accelerate time to market for automakers.
And redefine the intelligent cockpit experience.
Highlighting our commitment to driving innovation and adaptability across multiple vehicle segments and markets worldwide.
We continue to strengthen our technology leadership in Q3 as we executed on our R&D roadmap.
The Onto 1000 Pro received Automotive SPICE.
4.0 capability level 3 certification, the highest rating under the standard, is a testament to our relentless focus on R&D quality control and process maturity.
Certifications of this kind are prerequisites for collaborations with leading automakers.
And our growing portfolio validates the strength of our global R&D system and establishes a platform for us to support large-scale, global mandates, such as the ongoing project with the Volkswagen Group.
Providing solutions for the vehicles around the world.
This certification platform will be pivotal in driving the next phase of our global expansion and meeting the increasingly strict compliance requirements of global automakers.
We are making significant progress using our coffee software stack to deliver an intelligent cockpit and in-vehicle AI at scale.
Software stack integrates AI agents, generative UI, and an AI operating system.
These unique solutions offer drivers an intuitive and adaptive in-vehicle experience, paired with finding Auto 2. They connect AI models to cross-domain vehicle functions.
Transforming cockpits from feature-centric to intelligence-centric experience.
This unique value proposition. Our software stack offers is driving interest and creating opportunities with European automakers.
As we continue to advance our R&D roadmap, our IP portfolio is growing as well, with 730 registered patents and 835 patent-pending applications worldwide as of September 30.
This expanding IP foundation reflects our commitment to fostering innovation.
Protecting our technology assets and maintaining a competitive edge across key technology domains.
In summary, the operational and technological milestones achieved in Q3 highlight the disciplined execution and innovation leadership that underpin our growth trajectory.
Through ongoing investments in R&D, expanding market presence, and strategic partnerships, we are well positioned to capitalize on accelerating industry trends.
Importantly, as you mentioned, this quarter marks a significant step forward in our journey towards sustainable profitability.
And we are confident this momentum will carry into Q4.
With that, I will now turn the call over to Phil who will review our financial results.
Thank you Peter and hello everyone.
Through discipline, execution of a strategic initiatives, we achieve the remarkable Financial program.
Reaching operating income and net profit, bro. Even for the very first time. This milestone marks a major step forward on our part toward long-term profitability.
Total revenue for the quarter landed at $220 million, up 11% year-over-year.
Sales of goods US dollar.
182 million and 11% year-over-year. Increase the growth was primarily driven by a double digit increase of customer demand.
Partially offset by strategic price adjustments, aligned with our product portfolio strategy.
Our in-house development strategy, continue to generate strong results.
with combined revenue doubling from 2024 quarter 3,
Meanwhile, our newest computing platform, Pike.
Successfully entered mass production and accounts for 9% of the total sales of goods.
Filled by Lease Solutions, Q3 average selling price improved by 9% compared to the prior quarter.
Software licensed revenue decreased 92% year-over-year to $0.9 million.
This decline resulted from reduced per vehicle light software license revenue and lower intellectual property licensing revenue.
In the same period last year, intellectual property licensed brought in $5.55 million in revenue.
Service Revenue reached US dollar. 37 million up 68% year-over-year. Mainly driven by higher number.
And the value of design and development, service contracts.
As well as growth in overseas connectivity, service, and learning.
Gross profit was $48 million, up 39% year-over-year, with the gross margin percentage at 22%, representing a 4% improvement from the previous year period and an 11% improvement from the previous quarter.
The strong recovery is reflected in the higher hardware margin from our product transformation and the increase in the service revenue mix.
Our commitment to all tax optimization continues to deliver strong results.
Operating expenses decreased by 42% over year 2, resulting in $44 million.
Driven by enhanced operational efficiency and a sharper focus on strategic R&D investments.
As a result, operating income turned positive at $3 million, and the net profit was $0.9 million.
Adjusted evida reached US dollar, 8 million, a significant improvement from lots of us 32 million in the same period last year.
This was primarily attributable to higher gross profit and a lower level of operating expenses.
To our balance sheet. As of current, we had $15 million in cash and restricted cash to further enhance our liquidity positions. We remain focused on strengthening working capital management and improving profitability.
In summary, our third quarter financial results marked a pivotal turning point for the company, reflecting strong strategic decision disciplines, operations, and the firm commitment to sustainable growth.
As we move into the fourth quarter, we will continue this strong momentum and maintain solid execution to drive the scalable and profitable growth on our consistent basis.
That concludes our remarks today.
To ask a question, you will need to press star 1 and 1 on your telephone and wait for your name to be announced.
To withdraw your question, please press *1 and 1. Again, please stand by while we compile the Q&A queue.
Our first question comes from the line of Wei Huang from Deutsche Bank. Please go ahead. Your line is open
Hi management. Thank you for touching my questions and congratulations on a very strong security results.
Uh, my first question is regarding your guidance for Q4. You previously guided a second high volume of around 1.4 to 1.5 million units.
Uh, is that still the same?
We stopped 1 later still. I'm happy to address your question. So your question is regarding our, uh, full quarter volume, okay? So, in Q3, as we just reported, a bit of a, uh, 670,000 hardware units.
51% year-over-year growth is phenomenal, and we will maintain strong momentum in Q4 for sure. Everyone knows that Q4 is the big season, and we expect both volume and revenue to reach historical highs.
We will execute the human maintenance rate in our key customers, and they keep a strong growth rate.
So, this is the answer to your question regarding the, uh, volume.
Uh, okay. Uh thank you. Uh a second question is looking into a heading into 2026.
Uh, their concerns at the overall industry are going to be weaker due to weakening government policy support and some pull-forward demand into the fourth quarter. Uh, do you expect a much weaker first quarter next year? Uh, do you have guidance for volume, revenue, and profitability for 2026?
Yeah.
You know, like Q1 is a tradition.
Within a year because the industry has a pattern. However, our discipline execution of our product strategy, you know, like directly called our um, and 12 families. And a newly launched platform hikes, we are carrying on and we offset the low seasonality impact and uh, in order 3 and even in quarter 4, we will keep building enough backlogs as much as possible, and we will get ready for early delivery in q1, to mitigate the so-called low low seasonality.
And we also in 2076 financial planning season and the uh, valuable according to our latest Auto protection, our customers pipeline. You know, I leave you also further, copy via growth in 1026 so what we need to do is just to maintain our discipline, maintain our shares in those customers. And the focus on the execution, then we should be able to deliver uh relatively okay. Um uh, Outlook in 10786 q1. And the meanwhile, uh, as uh, Peter just mentioned that we are expanding our Global, uh program.
Effectively and we have lots of Pipeline and our hands. And we also expand the alternate ship with the global players and now we are on track to realize we Accelerate from from those overseas businesses as well.
And, uh, you know, software is one of the keys, right? Let's software collaboration with global customers. Global EMS is also one of the key growth drivers. So we will maintain the profitability momentum, not only in Q4 this year but such kind of momentum we will repeat in 2026 and beyond.
During the last quarter call you talked about, you had 4 overseas project wins and a total of a billion in last time value and in 3Q, this has jumped to 2.5 billion and can maybe give us an update on how many new projects that you have run during the third quarter, thank you.
Yeah, Mr. Mr. Wrong, this is Peter Sereno. Um, maybe I'll take that question.
I think, uh, you know, as we reflect, uh, on our business, I think our fundamental belief is we look to, you know, growing car accidents, uh, into the European and the global marketplace, was that we would be able to provide, you know.
Advanced technology solutions in the China market, and then being in a unique position to scale those globally and work with all the European OEMs, um, and bring that same, uh, industry-leading technology into the global marketplace.
And and I think we definitely see uh that uh that fundamental belief uh coming to reality now.
um, we've got we've opened up a significant number of projects as as we mentioned given the uh the size of our Pipeline with a number of different car makers globally, you know, many of these car makers in their high volume segments are starting to feel a lot of pressure is uh is Chinese oems come to their domestic market and they're seeking uh new solutions that are industry-leading and very cost competitive and I think ear
Is in a fantastic position to deliver those great solutions to those customers.
So we mentioned, uh, another high-volume win with a large European automaker that we secured this quarter. We have a very solid pipeline of both software and hardware, or software and solution, um, full solution opportunities with both hardware and software in them.
So I think our pipeline has definitely grown substantially and will be able to demonstrate, I think, significant wins as we go through 2026.
Thank you. That's all from me.
Thank you. We will now move on to our next question.
Our next question comes from the line of Dan Ren from CIC. Please go ahead; your line is open.
Okay. Hello everyone. Uh, this is D from this Auto team speaking. I congratulations on your great results and I have some follow-up questions for you. Um, my first question is, uh, we are glad to see that we have win multiple orders from Galaxy from 3 to 6 galaxies with sales ranking up quickly. Uh, could you please elaborate on your protection capacity planning and corresponding campaign show map to support this growth
Hi Dan. Thank you. Thank you for the question. Um, we We are continuing to scale our smart Factory in the fujian hungo area to support, you know, all of our business in China. Um, we've established that facility and continue to ramp it up as we've progressed throughout, uh, this year and we expect that continue to to ramp next year. So, our capacity, you know, is at about a million units, which is more than doubled, uh, since last year and we will continue to grow that. Grow our, our China facility for our China business,
A globally. We're working with a number of manufacturing Partners to expand in South Asia in uh South America and in Europe to continue to support our supply chain needs in the global market.
Uh, and, uh, we expect to continue to scale those businesses, as our as our Global business, expands as well.
Thank you. Yeah. My my second question is regarding your production, uh, product line based on cycle platforms. I could do provide updates on your uh, ASP and close margin levels respectively, like for your uh longing, member 1 of your uh call room platforms.
0024 4000, so that's the range and, uh, from the hardware, um, margin perspective, we are able to maintain, uh, something like a double digit, um, 10 to 15%. That is our uh, execution level. And uh, I like to offer you more information. Like, you know, we we always like to, uh, launching uh, new platform, uh, to to the market to, to support the customer demand. For example, in quarter 3. Uh, we successfully, uh launched our Pikes solution, which is called on 8995
And that is to support our galaxy me and the link for 10 and let ourself contribute to our uh ASP up late in order 3. And that is a 9% Improvement of sequentially. As I mentioned earlier, and at least, the momentum will continue and we have a full confidence in our Hardware marketing maintenance.
Thanks very clearly. Um and my last question is is as a trend as uh integrating copy large models into vital continuous strength and could you share the common strategic layout of R&D programs in the space?
Yes, sure Dan, thank you for the question. So for sure, ecarx has a a full stack solution to support, you know, AI integration into into vehicles. Um, you know, we're continuing to deploy uh, Solutions in China for china such as uh, deepsea or deep seek integration, uh, to support an AI experience inside the vehicle, you know? Additionally, we are building out our ecarx Auto gbt as a framework.
Um, to provide, you know, end to end solutions for llms inside of vehicles.
And, you know, that's been launched, uh, in the Julie M9 and other vehicles. This quarter, uh, like the Lincoln code vehicles I mentioned earlier,
Um, additionally, we are, uh, continuing to work with our Global Partners on similar developments, uh, for the, for the European and Market in the Americas. And I see, yes, this year. We're quite excited to present our next Generation solution with the AI integrated, uh, into the vehicle, uh, cockpit domain as well.
Thank you, Peter. Um, miss all my questions.
Thank you.
Thank you. We'll now move on to our next question.
Our next question comes from the line of Elizabeth Pang from DBS. Please go ahead. Your line is open.
Elizabeth Pang from DBS. Your line is open. Please go ahead with your question.
Hello, sorry, can you hear me?
Yes, Elizabeth, we can hear you.
Okay, great. I'll first off, put the wall. Congratulations on the very strong that quite a results. A couple of questions from me, um, on around the grass margins and understand. We've discussed a little bit about the Improvement in the grass margins earlier, I would like to have more elaboration on that front. So, firstly, we've seen that the hardware margins have improved to 15%, which is up, um, from 10% in the last quarter and also 9% last year, uh, may I understand, um, more information, um, the driving factors behind this Hardware, gross margin increase. Uh, is this related to the mass production of the pipes? Computing platform and do higher end Qualcomm products, typically, come on higher margins and are following up on last question. On this margin uh with this margin be sustainable, going into the fourth quarter and also next year. So this is my first question.
The address your question, we got in a market performance in quarter 3. Yes, you're right. Uh, in the quarter, we we execute the 3 key. Um, successfully in terms of the number 1 portfolio, selling in quarter 3, uh, we booked the services rounding, um, from many programs and, uh, which further push up our Revenue mix from services and, and, and our our margin as well. And, uh, that is number 1 strategy, we implemented. The second thing is, we are able to manage our Upstream. Uh, supply chain cost pretty well in the quarter. Uh, we manage uh, to realize a decent, uh, cost that uh, cost down all cost optimization, uh, through uh, you know, commercial negotiation and the VAV strategy as well. And that is also, uh, beneficial for our, um, gross margin Improvement in Hardware.
Selling as well as you know, the services software selling as well as.
Customer management.
Thank you, that's very clear. And may I just ask another follow-up question on the shipment. I'd like to understand more about the shipment mix, uh, specifically within AIS. Um, would like to, uh, understand a little bit more. How has the Skyland do domain controller, Productions, have performed in this quarter and then the recent quarters and what is our outlook for the future as domain controller. Shipment growth going forward, thank you.
Yes. Um, yeah Peter, yeah, go ahead, yeah.
yeah, I was well, I was just gonna say, um, you know, in, uh,
Skyland product has continued to grow. We, I think we're, we're we're on, we're on a handful of vehicles in the G platform and and continues to deploy to a few others as well. Um, we also see a significant Trend around around Fusion inside of the, the vehicle domain. So, we're working very aggressively on, uh, deploying on our end to our platform, as well as a Next Generation platform as well. A fusion solution that will bring to Vehicles, which utilizes, the capabilities that we've built with Skyland around 8s, as well as our cockpit solutions to provide a a very cost-effective Advanced solution in vehicle.
um, to a number of different, uh,
Projects as we go forward. So I think we'll we'll see that. Uh, continue to develop as we go into next year and hopefully begin shipment in late. 26 early, 27.
Thank you. That's right. Yeah, that's all from me.
Thank you.
Once again, to ask a question, you will need to press *1 and 1 on your telephone and wait for your name to be announced to withdraw your question. Please press *1 and 1 again.
Our next question comes from the line of Nora Min from UPS. Please go ahead. Your line is open.
Hi. Um, this is Nora from UBS I have 2 quick questions, um, for uh, Mr. Uh, solution. So, my first question is among your current
Order intake. Uh, what percentage is from overseas, and how fast do you expect this number to increase in the next several years? And the second question is, um, do you intend to enter into new business initiatives? Um, such as humanoid robot Etc. And, uh, what is your latest progress on lighter product? Uh, development. Thank you to you.
No, this is you speaking. Thanks for the questions. Um, the first 1, um, oversee. Ramu, we are strongly moving forward right now, so, uh, we are targeting. Uh, 202088. We have 30% revenue of the company from oversee outside China.
And 2030 we have 50% revenue of the company from overseas outside China. That's we already had very solid pipeline. Also, we announced through uh, within the last 2 quarters, we already had accumulate 2.5. Um, billion US dollar total over 3 round. You order we already had. So we are still uh running forward next quarter. Uh we will keep updated to the market.
That's the answer for your first question.
Um, the second 1, uh, over lighter, flash base Rider is very going. Well, we are full speed R&D with all our the first customer OEM, uh, for robotics, uh, provider in the market. So we believe will be, uh, ready to the market next quarter 4, uh, 2026. That's we are targeting now. So, everything is going. Well, we confidence on that.
Yeah, that's technically also to you Nora.
Thank you. Will now move on to our next question. Our next question comes from the line of Derek Soderbergh from Cantor Fitzgerald, please go ahead. Your line is open
What's changing on that front and how you're positioning the company sort of in this, uh, newer geopolitical environment. Thanks.
Yeah. Derek, this is Peter. Anything? Good to hear from you. Thanks for your question. Um, you know, as we look...
At our business, as it continues to scale and grow.
Um, you know, we're continuing, as we've talked about in many of these calls, to drive ECARX to be a global player in the marketplace.
You know, we see in the in the automotive technology Marketplace.
We start certainly see, you know, we've demonstrated with our uh, products that we've launched on uh, on Volvo vehicles. Uh, the wins we've had with uh with both wagon that we got to announce the additional wins and potential programs that our pipeline that uh,
We have a clear ability to scale the technology globally deliver, um, very solid mature, robust Solutions into the market, um, both on high volume Vehicles as well, as, you know, high-tech.
And I think we'll be continuing to, to grow the company that direction. Um, you know, we announced earlier this year that we are, uh, launching a center in Singapore, that will drive a lot of our Global Supply Chain efforts will, uh, house, a house, both in Singapore and throughout South Asia has a lot of our uh capabilities to deliver global.
Solutions.
Um, from those locations into, you know, OEMs in the European market and in the Americas.
Um, and I think we'll continue then to develop into a into a framework, where we have a, a fantastic solution in China for China and high technology solutions that we're able to develop deliver to the global, automakers uh in Europe and the Americas. So I think you'll see us continue to develop uh down that track.
That's helpful, appreciate it.
Thank you.
There are no further questions at this time, so I'll hand the call back to Zia Shen for closing remarks.
Okay, that's operator. Um, thank thanks everyone to join, today's earnings call. So, uh, we very appreciate that. Um, today. Uh, it's very important about some for the company and for our team. So, uh, these earnings we very, we are our results, very successful. We achieved the first time, uh, the brook even and profitable in uh EBA level at a free cash, flow level, um, in the company history. So we've we are so part of the team because, uh, most of the tech company Automotive, so they are they haven't started their work event profitable, but it RX is going well at the revenue is bigger and bigger and stronger.
They also we are starting the profitable and going forward, very health uh house. Uh the financing situation, uh also we are full speed globalization. Uh we have big volume and a strong life cycle, not only from China, but also for overseas uh in the future. Also, we already had a big win for the global oems. Also we will force speed with other Glo Global oems soon we believe and confidence. Uh our advantage will be very obvious and significant in the market. So thanks again and thank you everybody. Thanks.
This concludes today's conference call. Thank you for participating. You may now disconnect. Speakers, please stand by.