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

Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001213900-25-023217
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

electroCore FY2024 revenue $25.2M (+57% YoY); net loss narrows to $11.9M
------------------------------------------------------------------------

- Full year 2024 net sales of $25.2M, up 57% from $16.0M in 2023, driven by 85% growth in VA channel and 174% increase in Truvaga.
- GAAP net loss $11.9M ($1.59 EPS) vs $18.8M ($3.42 EPS) in 2023; Adjusted EBITDA net loss $9.0M vs $15.4M.
- Gross margin improved to 85% from 83%; cash and securities $12.2M at Dec 31, 2024 vs $10.6M a year ago.
- Operating expenses $33.6M, up slightly from $32.5M; R&D down to $2.4M from $5.3M on reduced Truvaga Plus development.
- Company cites pending acquisition of NeuroMetrix as part of inorganic expansion strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000121390025023217/0001213900-25-023217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000121390025023217/ecor-20250312.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-023217

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