electroCore expects record Q1 2023 revenue of ~$2.8M, up 46% YoY

electroCore, Inc.

2023-Q1 EPS reported -$1.24 revenue$2,780,000

Record Q1 revenue ~$2.8M, 46% increase over $1.9M in Q1 2022.
Government channel revenue ~$1.8M (+42% YoY); 124 VA/DoD facilities now purchasing.
U.S. commercial revenue ~$581K (+74% YoY); Truvaga contributed ~$147K in first full quarter.
International revenue ~$406K (+33% YoY), includes ~$45K license fees from Teijin.
FY 2023 revenue guidance reiterated at $14.0-15.0 million.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

electroCore, Inc. reported the three months ended March 31, 2023 results: revenue approximately $2.8 million. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: approximately $2.8 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Financial Guidance Preliminary unaudited financial guidance for the first quarter of 2023: Revenue: The Company anticipates reporting record quarterly revenue of approximately $2.8 million for the quarter ended March 31, 2023. This would represent approximately 46% growth over first quarter 2022 revenue of approximately $1.9 million. Government Channels: For the

View on SEC.gov

Browse all earnings releases →

electroCore, Inc. filing history →

Source: SEC EDGAR

accession 0001193805-23-000568

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.