secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001213900-22-044771
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

electroCore Q2 2022 revenue $2.2M (+70% YoY); GAAP net loss $5.3M; gross margin 83%
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- Revenue $2.2M, up 70% YoY and 14% sequentially; VA/DoD $1.19M (+52.6% YoY), US Commercial $501K (+381.7%).
- GAAP net loss $5.3M; Adjusted EBITDA loss $4.9M; net cash used in ops $3.2M, improved from $4.8M in Q1 2022.
- Gross margin 83% vs 71% a year ago; cash $26.6M at June 30, down from $34.7M at Dec 31, 2021.
- Q3 2022 outlook: net revenue expected near Q2 levels; net cash usage $4.5M-$5.0M.
- gammaCore selected for DoD BOOST program; exclusive license with Teijin for Japan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000121390022044771/0001213900-22-044771-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000121390022044771/ecor-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-044771

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