secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001213900-23-065038
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01, 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

electroCore Q2 revenue $3.6M (+65% YoY); board shrinks to 7; raises $7.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000121390023065038/0001213900-23-065038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000121390023065038/ecor-20230804.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-065038

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