electroCore reports record Q4 revenue of $2.5M; FY2022 revenue $8.5M, up 57% YoY

electroCore, Inc.

2022-FY EPS reported -$4.69 revenue$8,592,000

Record Q4 2022 revenue ~$2.5M (+68% YoY); full-year 2022 revenue ~$8.5M (+57% YoY).
Government channel revenue ~$5.1M (+56% YoY); 117 VA/DoD military treatment facilities using gammaCore.
U.S. commercial revenue ~$1.7M (+158% YoY); launched TAC-STIM Air Force BOOST and Truvaga wellness.
Cash & equivalents ~$18.0M at Dec 31, 2022 vs $21.9M at Sep 30, 2022; cash burn.
International revenue ~$1.6M (+7% YoY); includes $139K license fees from Teijin in Japan.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

electroCore, Inc. reported three and 12 months ended December 31, 2022 results: revenue approximately $2.5 million for the three months ended December 31, 2022 and $8.5 million for full-year 2022.

Period: three and 12 months ended December 31, 2022
Revenue: approximately $2.5 million for the three months ended December 31, 2022 and $8.5 million for full-year 2022
Result: preliminary results

Exact text from the filing

Record revenue of approximately $2.5 million for the three months ended December 31, 2022 and $8.5 million for full-year 2022

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electroCore, Inc. filing history →

Source: SEC EDGAR

accession 0001193805-23-000052

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