OverviewSuggest Edit

ElectroCore is a bioelectric medicine healthcare company, which develops a non-invasive self-administered Vagus Nerve Stimulation (nVNS) therapy for the treatment of multiple conditions in neurology, psychiatry, respiratory, gastroenterology, and headaches. It focuses on primary headaches, such as migraine and cluster and trials in epilepsy, gastric motility disorders, depression, and anxiety. The Company sells its products to patients through healthcare professionals in the United Kingdom, Germany, Italy, Australia, and Canada.

TypePublic
Founded2005
HQBernards, US
Websiteelectrocore.com

Latest Updates

Employees (est.) (Mar 2020)51(-43%)
Revenue (FY, 2019)$2.4 M(+141%)
Share Price (Aug 2020)$2 (-2%)
Cybersecurity ratingAMore

Key People/Management at ElectroCore

Daniel S. Goldberger

Daniel S. Goldberger

Chief Executive Officer, Director
JP Errico

JP Errico

Founder and Director
Peter S. Staats

Peter S. Staats

Chief Medical Officer
Brian Posner

Brian Posner

Chief Financial Officer
Mike Romaniw

Mike Romaniw

Executive Vice President, Systems & Operations
Iain Strickland

Iain Strickland

Vice President, European Operations
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ElectroCore Office Locations

ElectroCore has offices in Bernards, Parksville, Geretsried, Hamburg and in 1 other location
Bernards, US (HQ)
150 Allen Rd #201, Basking Ridge
Parksville, CA
Rathtrevor Parking Lot 2
Geretsried, DE
Amberger Straße 1-3
Hamburg, DE
214 Weg beim Jäger
Yeadon, GB
Unit 4-7 Gateway Drive
Show all (5)

ElectroCore Financials and Metrics

ElectroCore Revenue

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ElectroCore's revenue was reported to be $2.39 m in FY, 2019
USD

Revenue (Q1, 2020)

733.8k

Gross profit (Q1, 2020)

435.7k

Gross profit margin (Q1, 2020), %

59.4%

Net income (Q1, 2020)

(8.0m)

EBIT (Q1, 2020)

(8.0m)

Market capitalization (12-Aug-2020)

74.7m

Closing stock price (12-Aug-2020)

2.0

Cash (31-Mar-2020)

15.6m

EV

60.9m
ElectroCore's current market capitalization is $74.7 m.
Annual
USDFY, 2018FY, 2019

Revenue

993.0k2.4m

Cost of goods sold

578.7k1.2m

Gross profit

414.2k1.2m

Gross profit Margin, %

42%52%
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

393.2k151.0k409.6k622.7k683.0k733.8k

Cost of goods sold

240.5k97.1k157.8k254.4k353.9k298.1k

Gross profit

152.7k53.9k251.8k368.3k329.1k435.7k

Gross profit Margin, %

39%36%61%59%48%59%
Annual
USDFY, 2018FY, 2019

Cash

7.6m13.6m

Accounts Receivable

267.6k496.1k

Prepaid Expenses

1.9m1.1m

Inventories

1.9m891.0k
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

88.4m26.3m7.0m8.7m6.5m15.6m

Accounts Receivable

298.2k227.3k288.3k501.0k753.4k272.0k

Prepaid Expenses

2.9m3.1m994.5k539.5k1.6m838.7k

Inventories

751.9k1.1m3.6m5.0m3.1m664.4k
Annual
USDFY, 2018FY, 2019

Net Income

(55.8m)(45.1m)

Depreciation and Amortization

66.7k249.6k

Inventories

(1.6m)(5.0m)

Accounts Payable

2.9m2.8m
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(27.2m)(40.4m)(13.9m)(26.0m)(36.6m)(8.0m)

Depreciation and Amortization

21.1k41.7k25.5k53.6k152.3k97.4k

Inventories

(424.2k)(796.4k)(1.6m)(3.0m)(3.2m)(638.0)

Accounts Payable

1.6m887.4k(719.5k)(141.8k)3.2m(1.6m)
USDQ2, 2018

Revenue/Employee

6.1k

Financial Leverage

1 x
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ElectroCore Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

ElectroCore Online and Social Media Presence

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ElectroCore News and Updates

ElectroCore Blogs

electroCore Announces First Quarter Financial Results

electroCore Announces First Quarter Financial Results Content Import Thu, 05/14/2020 - 16:06 electroCore Announces First Quarter Financial Results May 14, 2020 at 4:05 PM EDT This release is a backfill from a News Wire Earnings Genera…

electroCore to Announce First Quarter Ended March 31, 2020 Financial Results on Thursday, May 14

Conference Call to be Held at 4:30pm Eastern Time BASKING RIDGE, N.J. , May 07, 2020 (GLOBE NEWSWIRE) -- electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, announced that it will report financial results for the first quarter ended March 31, 2020 after the close of

electroCore Provides Update on COVID-19 Clinical Initiatives

electroCore Provides Update on COVID-19 Clinical Initiatives Content Import Mon, 04/27/2020 - 08:02 electroCore Provides Update on COVID-19 Clinical Initiatives April 27, 2020 at 8:00 AM EDT This release is a backfill from a News Wire General …

electroCore, Inc. Announces Extension of NHS England’s Innovation and Technology Payment (ITP) Program to Fund Continued Use of gammaCore™ in the U.K.

electroCore, Inc. Announces Extension of NHS England’s Innovation and Technology Payment (ITP) Program to Fund Continued Use of gammaCore™ in the U.K. Content Import Wed, 04/08/2020 - 16:01 electroCore, Inc. Announces Extension of NHS England’s Innovation and Technology Payment (ITP) Progr…

Thomas M. Patton

Thomas M. Patton melissa.oneil@… Mon, 04/06/2020 - 18:21 Member of the Audit Committee Thomas M. Patton

John P. Gandolfo

John P. Gandolfo melissa.oneil@… Mon, 04/06/2020 - 18:19 Member of the Audit Committee John P. Gandolfo
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ElectroCore Frequently Asked Questions

  • When was ElectroCore founded?

    ElectroCore was founded in 2005.

  • Who are ElectroCore key executives?

    ElectroCore's key executives are Daniel S. Goldberger, JP Errico and Peter S. Staats.

  • How many employees does ElectroCore have?

    ElectroCore has 51 employees.

  • What is ElectroCore revenue?

    Latest ElectroCore annual revenue is $2.4 m.

  • What is ElectroCore revenue per employee?

    Latest ElectroCore revenue per employee is $46.9 k.

  • Who are ElectroCore competitors?

    Competitors of ElectroCore include HDL Therapeutics, Wuxi Vision Pro and Decibel Therapeutics.

  • Where is ElectroCore headquarters?

    ElectroCore headquarters is located at 150 Allen Rd #201, Basking Ridge, Bernards.

  • Where are ElectroCore offices?

    ElectroCore has offices in Bernards, Parksville, Geretsried, Hamburg and in 1 other location.

  • How many offices does ElectroCore have?

    ElectroCore has 5 offices.