earnings
confidence high
sentiment positive
materiality 0.65
electroCore guides Q2 2022 revenue at least $2.1M, up 65% YoY
electroCore, Inc.
2023-Q2 EPS reported
-$2.25
revenue$4,056,000
- Record quarterly revenue of at least $2.1M, up ~65% from Q2 2021 and ~11% from Q1 2022.
- Government channels revenue ~$1.2M, up 54% YoY; 106 VA/DoD facilities purchasing gammaCore.
- Commercial revenue ~$465K, up 68% QoQ and 347% YoY, driven by cash-pay initiatives.
- International revenue ~$466K, up 53% QoQ; includes $50K license fees from Teijin in Japan.
- Cash and cash equivalents ~$26.6M as of June 30, down from $29.9M at March 31, 2022.