secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001213900-22-069015
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000121390022069015/0001213900-22-069015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000121390022069015/ecor-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-069015

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