secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001213900-24-040873
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000121390024040873/0001213900-24-040873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000121390024040873/ecor-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-040873

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