secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001213900-23-018557
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

electroCore reports record FY2022 net sales of $8.6M, up 58%; guides FY2023 revenue $14-15M
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- Record full-year net sales of $8.6M (+58% YoY); Q4 net sales $2.6M (+72% YoY).
- GAAP net loss $22.2M vs $17.2M in 2021; Adjusted EBITDA loss $19.0M vs $15.8M.
- Cash and equivalents $18.0M at Dec 31, 2022, down from $34.7M at Dec 31, 2021.
- FY2023 guidance: revenue $14-15M; legacy headache channels >$12M; new Truvaga/TAC-STIM >$2M.
- Launched Truvaga wellness product and TAC-STIM under Air Force program; distribution deal with Joerns.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000121390023018557/0001213900-23-018557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000121390023018557/ecor-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-018557

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