secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2023-07-11T23:59:59+00:00
Accession:  0001193805-23-000968
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

electroCore reports record Q2 2023 revenue of ~$3.55M, up 65% YoY
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- Record quarterly revenue of ~$3.55M (preliminary unaudited) for Q2 2023, +65% vs Q2 2022.
- Government channel revenue (VA/DoD) grew ~75% to ~$2.085M; 138 facilities now purchasing.
- US commercial cash-pay prescribers grew to 2,225 (from 660 a year ago); revenue ~$430K.
- Truvaga net revenue ~$291K (vs $147K in Q1 2023); TAC-STIM revenue ~$311K.
- Reaffirmed FY 2023 revenue guidance of $14.0-$15.0M; net cash used ~$3.5M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000119380523000968/0001193805-23-000968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000119380523000968/e618772_8k-electrocore.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-000968

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer