electroCore Q1 net sales up 96% to record $5.4M; GAAP loss narrows to $0.53/share

electroCore, Inc.

2024-Q1 EPS reported -$0.53 revenue$5,443,000

Record Q1 net sales of $5.4M, up 96% from $2.8M in Q1 2023; driven by VA/DoD (+127%) and Truvaga (+162%).
GAAP net loss of $3.5M ($0.53 loss per share) vs $5.9M ($1.24 loss per share) in Q1 2023.
Adjusted EBITDA net loss improved to $3.1M from $5.1M in Q1 2023; gross margin held at 84%.
Cash, cash equivalents and restricted cash $8.1M vs $10.6M at Dec 31, 2023.
Launched DTC Truvaga Plus app-enabled wellness product during the quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

electroCore, Inc. reported the quarter ended March 31, 2024 results: revenue $5.443 million, net income $3.5 million, EPS $0.53 per share.

Period: the quarter ended March 31, 2024
Revenue: $5.443 million
Net income: $3.5 million
EPS: $0.53 per share
Result: reported results

Exact text from the filing

On May 8, 2024 , electroCore, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024 .

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Source: SEC EDGAR

accession 0001213900-24-040873

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