Financial Snapshot

Revenue
$23.33M
TTM
Gross Margin
83.15%
TTM
Net Earnings
-$12.69M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
212.07%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$9.455M
Q3 2024
Cash
Q3 2024
P/E
-5.945
Nov 29, 2024 EST
Free Cash Flow
-$3.164M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $16.03M $8.592M $5.451M $3.496M $2.390M $993.0K $811.5K $250.0K
YoY Change 86.57% 57.62% 55.93% 46.25% 140.72% 22.37% 224.58%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $16.03M $8.592M $5.451M $3.496M $2.390M $993.0K $811.5K $250.0K
Cost Of Revenue $2.804M $1.616M $1.385M $1.738M $1.157M $578.7K $518.5K $120.0K
Gross Profit $13.23M $6.976M $4.066M $1.758M $1.233M $414.2K $292.9K $130.0K
Gross Profit Margin 82.51% 81.19% 74.59% 50.3% 51.6% 41.71% 36.1% 52.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $27.17M $24.33M $21.57M $21.84M $35.42M $42.50M $18.11M $7.170M
YoY Change 11.69% 12.78% -1.22% -38.34% -16.66% 134.73% 152.53%
% of Gross Profit 205.46% 348.77% 530.56% 1242.17% 2872.1% 10260.87% 6181.33% 5515.38%
Research & Development $5.321M $5.520M $2.536M $4.201M $9.902M $12.47M $7.831M $7.970M
YoY Change -3.61% 117.68% -39.64% -57.57% -20.57% 59.19% -1.75%
% of Gross Profit 40.23% 79.13% 62.36% 238.94% 802.89% 3009.63% 2673.34% 6130.77%
Depreciation & Amortization $962.0K $548.0K $381.5K $399.2K $249.6K $66.66K $32.31K $50.00K
YoY Change 75.55% 43.64% -4.44% 59.96% 274.4% 106.35% -35.39%
% of Gross Profit 7.27% 7.86% 9.38% 22.71% 20.24% 16.09% 11.03% 38.46%
Operating Expenses $32.50M $29.85M $24.11M $26.51M $47.32M $54.97M $25.94M $15.14M
YoY Change 8.86% 23.81% -9.04% -43.99% -13.91% 111.92% 71.32%
Operating Profit -$19.27M -$22.87M -$20.04M -$24.75M -$46.09M -$54.55M -$25.64M -$15.01M
YoY Change -15.76% 14.12% -19.01% -46.3% -15.52% 112.73% 70.85%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $433.0K $4.000K $10.68K $80.00K $970.0K $1.010M $6.296M -$770.0K
YoY Change 10725.0% -62.55% -86.65% -91.75% -3.96% -83.96% -917.64%
% of Operating Profit
Other Income/Expense, Net $249.0K $281.0K $1.974M $66.57K $958.3K -$1.210M -$10.38M $0.00
YoY Change -11.39% -85.76% 2865.05% -93.05% -179.23% -88.35%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income -$19.02M -$22.59M -$18.07M -$24.68M -$45.13M -$55.76M -$36.03M -$15.78M
YoY Change -15.81% 25.04% -26.79% -45.31% -19.07% 54.77% 128.32%
Income Tax -$186.0K -$431.0K -$851.2K -$1.171M $17.70K $2.431K
% Of Pretax Income
Net Earnings -$18.83M -$22.16M -$17.22M -$23.51M -$45.15M -$55.82M -$35.79M -$15.74M
YoY Change -15.02% 28.71% -26.77% -47.92% -19.12% 55.96% 127.4%
Net Earnings / Revenue -117.49% -257.94% -315.86% -672.55% -1888.81% -5621.66% -4410.88% -6296.0%
Basic Earnings Per Share -$3.42 -$4.69 -$4.36
Diluted Earnings Per Share -$3.42 -$4.69 -$291.0K -$602.8K -$1.537M -$1.908M -$1.259M -$553.6K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $10.33M $17.71M $34.69M $22.63M $24.06M $68.56M $37.17M $420.0K
YoY Change -41.67% -48.94% 53.29% -5.94% -64.91% 84.45% 8750.0%
Cash & Equivalents $10.33M $17.71M $34.69M $4.240M $13.56M $7.600M $13.22M $420.0K
Short-Term Investments $0.00 $18.39M $10.50M $60.96M $23.95M $0.00
Other Short-Term Assets $1.086M $1.078M $1.054M $1.290M $1.090M $1.920M $1.430M $20.00K
YoY Change 0.74% 2.32% -18.33% 18.35% -43.23% 34.27% 7050.0%
Inventory $2.160M $1.982M $1.361M $880.0K $890.0K $1.950M $330.0K $50.00K
Prepaid Expenses
Receivables $717.0K $401.0K $438.2K $270.0K $500.0K $270.0K $100.0K $20.00K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $14.29M $21.17M $37.54M $25.06M $26.53M $72.70M $39.03M $510.0K
YoY Change -32.49% -43.6% 49.81% -5.54% -63.51% 86.27% 7552.94%
Property, Plant & Equipment $706.0K $615.0K $759.9K $760.0K $1.780M $380.0K $170.0K $50.00K
YoY Change 14.8% -19.06% -0.02% -57.3% 368.42% 123.53% 240.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.102M $2.968M $4.532M $5.690M $7.150M $420.0K $30.00K $70.00K
YoY Change -62.87% -34.5% -20.36% -20.42% 1602.38% 1300.0% -57.14%
Total Long-Term Assets $1.808M $3.583M $5.291M $6.460M $8.930M $800.0K $200.0K $110.0K
YoY Change -49.54% -32.29% -18.09% -27.66% 1016.25% 300.0% 81.82%
Total Assets $16.10M $24.76M $42.83M $31.52M $35.46M $73.50M $39.23M $620.0K
YoY Change
Accounts Payable $2.163M $2.129M $1.543M $2.080M $5.210M $2.700M $840.0K $2.240M
YoY Change 1.6% 37.98% -25.82% -60.08% 92.96% 221.43% -62.5%
Accrued Expenses $5.443M $4.631M $3.680M $3.340M $3.820M $4.370M $3.040M $1.060M
YoY Change 17.53% 25.85% 10.18% -12.57% -12.59% 43.75% 186.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $480.0K $110.0K $360.0K
YoY Change -100.0% 336.36%
Total Short-Term Liabilities $8.123M $7.045M $5.485M $5.890M $9.140M $7.070M $6.120M $4.140M
YoY Change 15.3% 28.43% -6.87% -35.56% 29.28% 15.52% 47.83%
Long-Term Debt $0.00 $0.00 $0.00 $1.100M $0.00 $0.00 $0.00 $3.670M
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $537.0K $625.0K $699.5K $890.0K $1.420M $250.0K $310.0K $360.0K
YoY Change -14.08% -10.65% -21.41% -37.32% 468.0% -19.35% -13.89%
Total Long-Term Liabilities $537.0K $625.0K $699.5K $1.990M $1.420M $250.0K $310.0K $4.030M
YoY Change -14.08% -10.65% -64.85% 40.14% 468.0% -19.35% -92.31%
Total Liabilities $8.660M $7.670M $6.185M $8.510M $11.20M $7.950M $7.030M $8.560M
YoY Change 12.91% 24.01% -27.32% -24.02% 40.88% 13.09% -17.87%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 5.515K shares 4.729K shares 3.945K shares
Diluted Shares Outstanding 5.515K shares 4.729K shares 3.945K shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $75.443 Million

About electroCore, Inc.

electroCore, Inc. engages in the provision of non-invasive vagus nerve stimulation (nVNS) therapy. The company is headquartered in Rockaway, New Jersey and currently employs 68 full-time employees. The company went IPO on 2018-06-22. The company provides non-invasive vagus nerve stimulation (nVNS) technology platform. The Company’s product categories include Handheld, personal use medical devices for the management and treatment of certain medical conditions such as primary headache, and Handheld, personal use consumer products utilizing nVNS technology to promote general wellness and human performance. Its products include gammaCore, Truvaga and TAC-STIM. Its gammaCore Sapphire, is a prescription medical device that is used for a variety of primary headache conditions. Its Truvaga is a personal use consumer electronics general wellness product that does not require a prescription and is available direct-to-consumer from electroCore at www.truvaga.com. The Company’s TAC-STIM product is not a medical device and is not intended to diagnose, cure, mitigate, prevent, or treat a disease or condition.

Industry: Electromedical & Electrotherapeutic Apparatus Peers: ABBOTT LABORATORIES BioSig Technologies, Inc. Sonendo, Inc. OMNIA WELLNESS INC. INVACARE HOLDINGS Corp NEUROONE MEDICAL TECHNOLOGIES Corp PRECISION OPTICS CORPORATION, INC. SANUWAVE Health, Inc. Vivani Medical, Inc.