--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-065038" form_type: "8-K" ticker: "ECOR" cik: "0001560258" company_name: "electroCore, Inc." filed_at: "2023-08-09T23:59:59+00:00" generated_at: "2026-06-11T22:05:42.165996+00:00" event_type: "earnings" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # electroCore Q2 revenue $3.6M (+65% YoY); board shrinks to 7; raises $7.5M ## Summary - Record Q2 revenue $3.6M, +65% YoY; GAAP net loss $4.9M vs $5.3M prior year. - Adjusted EBITDA net loss $4.5M vs $4.9M in Q2 2022. - Raised ~$7.5M in registered direct offering; pro forma cash $16.2M as of June 30. - Board reduced to 7 members; Joseph Errico resigned May 2023, Trevor Moody not reelected. - Reiterates FY2023 revenue guidance of $14M-$15M. ## SEC filing metadata - accession: 0001213900-23-065038 - form_type: 8-K - ticker: ECOR - cik: 0001560258 - company_name: electroCore, Inc. - filed_at: 2023-08-09T23:59:59+00:00 - event_type: earnings - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 2.02, 9.01, 5.02, 5.07 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1560258/000121390023065038/0001213900-23-065038-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560258/000121390023065038/ecor-20230804.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-065038 - JSON: https://secwatch.observer/filing/0001213900-23-065038.json - Plain text: https://secwatch.observer/filing/0001213900-23-065038.txt ## Key facts - Earnings Releases electroCore, Inc. reported the quarter ended June 30, 2023 results: revenue $3.6 million, net income $4.9 million. Guidance reaffirmed. - Period: the quarter ended June 30, 2023 - Revenue: $3.6 million - Net income: $4.9 million - Guidance: reaffirmed - Result: reported results source text: the information contained in this Item 2.02 and --- EX-99.1 (EX-99.1) --- electroCore Announces Second Quarter 2023 Financial Results Record second quarter 2023 net sales of $ 3.6 million, an increase of approximately 65% over second quarter 2022 Company to host a conference call and webcast today, August 9, 2023 at 4 : 30 PM EDT ROCKAWAY, NJ, August 09, 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/1560258/000121390023065038/0001213900-23-065038-index.htm - Executive change Joseph P. Errico resigned as Member of the Board of Directors at electroCore, Inc.. - Action: resigned - Role: Member of the Board of Directors source text: Joseph P. Errico, a member of the board of directors (the “Board”) of the Company, resigned from the Board effective as of May 22, 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/1560258/000121390023065038/0001213900-23-065038-index.htm - Executive change Trevor J. Moody departed as Class II Member of the Board of Directors at electroCore, Inc.. - Action: did not stand for reelection - Role: Class II Member of the Board of Directors source text: Trevor J. Moody, a Class II member of the Board, did not stand for reelection at the 2023 Annual Meeting of Stockholders (the “Meeting”). evidence_url: https://www.sec.gov/Archives/edgar/data/1560258/000121390023065038/0001213900-23-065038-index.htm - Shareholder Votes electroCore, Inc. shareholders approved Election of One Class II Director to the Board of Directors for a three-year term of office expiring at the 2026 Annual Meeting of Stockholders at the 2023-08-04 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-08-04 source text: Proposal 1: Election of One Class II Director to the Board of Directors for a three-year term of office expiring at the 2026 Annual Meeting of Stockholders The following director was elected by the following vote to a three-year term of office expiring at the 2026 Annual Meeting of Stockholders: NOMINEE FOR (#) FOR (%) WITHHELD (#) WITHHELD (%) BROKER NON-VOTES Thomas M. Patton 746,734 85.61% 118,046 13.54% 1,447,252 evidence_url: https://www.sec.gov/Archives/edgar/data/1560258/000121390023065038/0001213900-23-065038-index.htm - Shareholder Votes electroCore, Inc. shareholders approved Ratification of Appointment of Marcum LLP as Independent Registered Public Accounting Firm at the 2023-08-04 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-08-04 source text: Proposal 2: Ratification of Appointment of Marcum LLP as Independent Registered Public Accounting Firm A proposal to ratify the selection of Marcum LLP as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2023 was adopted with the votes shown: FOR AGAINST ABSTAIN BROKER NON-VOTES 2,242,013 58,545 18,521 n/a evidence_url: https://www.sec.gov/Archives/edgar/data/1560258/000121390023065038/0001213900-23-065038-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.