earnings
confidence high
sentiment positive
materiality 0.75
electroCore Q1 revenue $1.9M, up 58% YoY; net loss $5.6M
electroCore, Inc.
2023-Q1 EPS reported
-$1.20
revenue$1,899,000
- Net sales $1.9M, up 58% from Q1 2021 and 27% sequentially.
- GAAP net loss $5.6M; adjusted EBITDA net loss $4.6M.
- Cash and equivalents $29.9M at March 31, 2022; operating cash used $4.8M.
- Q2 2022 guidance: revenue at least $1.9M; cash used ~$3.5M.
- FDA Breakthrough Device for PTSD; exclusive Japan license with Teijin.