earnings
confidence high
sentiment positive
materiality 0.70
electroCore Q3 revenue $6.6M, +45% YoY; net loss narrows to $2.5M
electroCore, Inc.
2024-Q3 EPS reported
-$1.19
revenue$18,136,000
- Record Q3 revenue of $6.6M, up 45% from $4.5M in Q3 2023; Rx gammaCore VA/DoD sales +75% to $4.8M.
- GAAP net loss improved 38% to $2.5M from $4.0M; diluted EPS -$0.31 vs -$0.68.
- Adjusted EBITDA net loss of $2.1M vs $3.0M; Truvaga sales surged 147% to $0.66M.
- Cash and marketable securities $13.2M as of Sep 30, 2024, up from $10.6M at Dec 31, 2023.