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, NJ, US
Websiteelectrocore.com

Latest Updates

Employees (est.) (Mar 2020)51(-43%)
Revenue (FY, 2020)$3.5 M(+47%)
Share Price (May 2021)$1.5(-14%)
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
Bruce J. Simon

Bruce J. Simon

Vice President, Research
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ElectroCore Office Locations

ElectroCore has offices in Bernards, Rockaway, Parksville, Geretsried and in 2 other locations
Bernards, NJ, US (HQ)
150 Allen Rd #201, Basking Ridge
Rockaway, NJ, US
200 Forge Way #205
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
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ElectroCore Financials and Metrics

ElectroCore Revenue

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ElectroCore's revenue was reported to be $3.5 m in FY, 2020
USD

Revenue (Q1, 2021)

1.2m

Gross profit (Q1, 2021)

839.9k

Gross profit margin (Q1, 2021), %

69.8%

Net income (Q1, 2021)

(5.4m)

EBIT (Q1, 2021)

(5.4m)

Market capitalization (7-May-2021)

72.8m

Closing stock price (7-May-2021)

1.5

Cash (31-Mar-2021)

9.1m

EV

66.0m
ElectroCore's current market capitalization is $72.8 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

993.0k2.4m3.5m

Cost of goods sold

578.7k1.2m1.7m

Gross profit

414.2k1.2m1.8m

Gross profit Margin, %

42%52%50%
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

393.2k151.0k409.6k622.7k683.0k733.8k753.0k1.2m

Cost of goods sold

240.5k97.1k157.8k254.4k353.9k298.1k273.0k364.0k

Gross profit

152.7k53.9k251.8k368.3k329.1k435.7k480.0k839.9k

Gross profit Margin, %

39%36%61%59%48%59%64%70%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

7.6m13.6m4.2m

Accounts Receivable

267.6k496.1k270.5k

Prepaid Expenses

1.9m1.1m1.3m

Inventories

1.9m891.0k876.4k
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

88.4m26.3m7.0m8.7m6.5m15.6m14.9m9.1m

Accounts Receivable

298.2k227.3k288.3k501.0k753.4k272.0k119.5k259.3k

Prepaid Expenses

2.9m3.1m994.5k539.5k1.6m838.7k179.6k936.1k

Inventories

751.9k1.1m3.6m5.0m3.1m664.4k761.3k944.7k
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(55.8m)(45.1m)(23.5m)

Depreciation and Amortization

66.7k249.6k399.2k

Inventories

(1.6m)(5.0m)735.6k

Accounts Payable

2.9m2.8m(1.6m)
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

(27.2m)(40.4m)(13.9m)(26.0m)(36.6m)(8.0m)(12.7m)(5.4m)

Depreciation and Amortization

21.1k41.7k25.5k53.6k152.3k97.4k193.7k95.7k

Inventories

(424.2k)(796.4k)(1.6m)(3.0m)(3.2m)(638.0)(58.3k)118.9k

Accounts Payable

1.6m887.4k(719.5k)(141.8k)3.2m(1.6m)(1.8m)31.6k
USDQ2, 2018

Revenue/Employee

6.1k

Financial Leverage

1 x
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ElectroCore Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

ElectroCore Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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ElectroCore Online and Social Media Presence

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ElectroCore News and Updates

ElectroCore Blogs

electroCore Announces First Quarter 2021 Financial Results

Record First quarter 2021 net sales of $1.2 million , increased 64% over first quarter 2020 and 30% sequentially Company to host a conference call and webcast today, May 6, 2021 at 4:30 pm ET ROCKAWAY, N.J. , May 06, 2021 (GLOBE NEWSWIRE) -- electroCore, Inc.

Chief Medical Officer of electroCore, Inc. Peter Staats, M.D. Describes Potential At-Home Solutions to Reduce Common COVID-19 Symptoms

Chief Medical Officer of electroCore, Inc. Peter Staats, M.D. Describes Potential At-Home Solutions to Reduce Common COVID-19 Symptoms Content Import Mon, 03/15/2021 - 08:56 Chief Medical Officer of electroCore, Inc. Peter Staats, M.D. Describes Potential At-Home Solutions to Reduce Common…

electroCore Announces Fourth Quarter and Full Year 2020 Financial Results

Full year 2020 net sales of approximately $3.5 million increased 46% over $2.4 million for full year 2019 Further reduced net cash usage to $3.7 million in the fourth quarter 2020 versus $4.1 million in the third quarter 2020 Ended 2020 with cash and cash equivalents of $22.6 million , excluding

electroCore Announces Third Quarter Financial Results

R evenue growth of 44 % over the second quarter of 2020 and 58 % over the third quarter of 2019 R eturn to sequential revenue   growth across all channels Further strengthened balance sheet Reduced quarterly cash burn Company to host conference call and webcast today, November 12 , 2020 at 4:30 pm

electroCore to Announce Third Quarter Ended September 30, 2020 Financial Results on Thursday, November 12

electroCore to Announce Third Quarter Ended September 30, 2020 Financial Results on Thursday, November 12 Content Import Thu, 11/05/2020 - 08:01 electroCore to Announce Third Quarter Ended September 30, 2020 Financial Results on Thursday, November 12 November 5, 2020 at 8:00…

electroCore, Inc. Appoints Business Development Leader and US Navy Veteran Sylvester Steele as VP and General Manager of Government Channels Business Unit

Newly created position to focus on driving growth within the Veterans Administration, Department of Defense and other government channels BASKING RIDGE, N.J. , Oct. 21, 2020 (GLOBE NEWSWIRE) -- electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, today announced the
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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 $3.5 m.

  • What is ElectroCore revenue per employee?

    Latest ElectroCore revenue per employee is $68.5 k.

  • Who are ElectroCore competitors?

    Competitors of ElectroCore include Joint Purification Systems, Decibel Therapeutics and FIRE1.

  • 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, Rockaway, Parksville, Geretsried and in 2 other locations.

  • How many offices does ElectroCore have?

    ElectroCore has 6 offices.