electroCore Q3 revenue $2.0M (+33% YoY); net loss widens to $5.5M

electroCore, Inc.

2023-Q3 EPS reported -$3.45 revenue$6,032,000

Q3 revenue $2.0M (+33% YoY); VA/DoD $1.15M, US Commercial $0.41M, OUS $0.37M.
GAAP net loss $5.5M vs $4.0M loss; Adjusted EBITDA loss $4.8M vs $3.1M loss.
Cash $21.9M at Sep 30, down from $34.7M at Dec 31, 2021; Q3 cash used $4.6M.
Q4 2022 guidance: revenue $2.2-2.3M, net cash usage $4.0-4.5M.
Gross margin improved to 87% (76% in Q3 2021) on licensing model and higher ASP.

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 quarter ended September 30, 2022 results: revenue $ 2.0 million, net income $ 5.5 million. Guidance initiated.

Period: the quarter ended September 30, 2022
Revenue: $ 2.0 million
Net income: $ 5.5 million
Guidance: initiated
Result: reported results

Exact text from the filing

medicine company, announced third quarter 2022 financial results and provided an operational update. Third Quarter 2022 and Recent Highlights · Posted revenue of approximately $ 2.0 million, representing an increase of approximately 33% over third quarter 2021 · Net cash used in operating activities was $ 4.6 million during the third quarter 2022 leaving

View on SEC.gov

Browse all earnings releases →

electroCore, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-069015

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.