secwatch.observer — SEC 8-K summary
======================================

Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001213900-23-084755
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

electroCore Q3 2023 revenue $4.5M (+128% YoY); raises FY23 guidance to $15-15.5M
--------------------------------------------------------------------------------

- Record Q3 net sales of $4.5M, a 128% increase from $2.0M in Q3 2022.
- VA/DoD prescription revenue grew 135% YoY to $2.7M; US commercial up 12%.
- GAAP net loss narrowed to $4.0M from $5.5M; adjusted EBITDA loss $3.0M from $4.8M.
- Full-year 2023 revenue guidance raised to $15.0-15.5M (prior $14-15M).
- Cash, equivalents & restricted cash $13.7M at Sept 30; raised $7.5M net in July offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000121390023084755/0001213900-23-084755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000121390023084755/ecor-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-084755

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