earnings
confidence high
sentiment positive
materiality 0.65
electroCore Q3 2022 revenue ~$2.0M, up 33% YoY; cash $21.9M
electroCore, Inc.
2023-Q3 EPS reported
-$3.45
revenue$6,032,000
- Q3 2022 revenue approximately $1,976,000, a 33% increase over Q3 2021 revenue of $1,487,000.
- Government channels (VA/DoD) revenue ~$1,148,000, up 21% YoY; 113 military treatment facilities now purchasing gammaCore.
- Commercial channel revenue ~$411,000, up ~160% YoY driven by cash pay initiatives.
- International revenue ~$416,000, up 9% YoY, including $45,000 in license fees from Teijin Limited for Japan.
- Cash and cash equivalents $21.9M at September 30, 2022, down from $26.6M at end of Q2 2022.