---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-035982"
form_type: "8-K"
ticker: "ECOR"
cik: "0001560258"
company_name: "electroCore, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:03:20.583393+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# electroCore Q1 2023 net sales $2.8M (+46% YoY); GAAP net loss $5.9M; guides FY23 revenue $14-15M

## Summary
- Record Q1 revenue of $2.8M vs $1.9M in Q1 2022, a 46% increase across all major channels.
- GAAP net loss $5.9M vs $5.6M; adjusted EBITDA loss $5.1M vs $4.6M; cash $12.2M (Dec 2022: $18.0M).
- Truvaga contributed $147K in first full quarter; Rx gammaCore VA/DoD up 38% to $1.7M; US commercial up 56%.
- FY 2023 revenue guidance reiterated at $14-15M; expects legacy headache channels to grow >50% to at least $12M.
- Net cash usage in Q1 was $5.9M, up from $4.8M; company expects cash usage to decrease through the year.

## SEC filing metadata
- accession: 0001213900-23-035982
- form_type: 8-K
- ticker: ECOR
- cik: 0001560258
- company_name: electroCore, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560258/000121390023035982/0001213900-23-035982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560258/000121390023035982/ecor-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-035982
- JSON: https://secwatch.observer/filing/0001213900-23-035982.json
- Plain text: https://secwatch.observer/filing/0001213900-23-035982.txt

## Key facts
- Earnings Releases
  electroCore, Inc. reported the quarter ended March 31, 2023 results: revenue $ 2.8 million, net income $ 5.9 million. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Revenue: $ 2.8 million
  - Net income: $ 5.9 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: 2.02 and --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 7 ex991_1.htm EXHIBIT 99.1 electroCore Announces First Quarter 2023 Financial Results Record first quarter 2023 net sales of $ 2.8 million, approximately 46% over first quarter 2022 Company to host a conference call and webcast today, May 3, 2023 at 4 : 30 PM EDT ROCKAWAY, NJ, May 03, 2023 (GLOBE NEWSWIRE) --
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560258/000121390023035982/0001213900-23-035982-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.