electroCore Inc (ECOR) Q3 2024 Earnings Call Highlights: Record Revenue Growth Amidst Challenges [Yahoo! Finance]
electroCore, Inc. (ECOR)
Last electrocore, inc. earnings: 3/23 04:05 pm
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Source: Yahoo! Finance
ElectroCore Inc ( NASDAQ:ECOR ) reported its eighth consecutive record revenue quarter with a 45% increase to $6.6 million compared to the previous year. The company's gross margins remained steady at 84%, indicating strong profitability. The VA hospital system remains a significant customer, with sales in this channel growing 75% year-over-year. Tru Vega, a direct-to-consumer wellness product, saw a 147% increase in net sales, demonstrating strong market acceptance. ElectroCore Inc ( NASDAQ:ECOR ) has a robust pipeline of potential future indications and products, supported by ongoing clinical research and trials. Despite revenue growth, the company still reported a net loss of $2.5 million for the third quarter of 2024. Sales of the TAC-STIM product line have been variable, with a significant drop compared to the previous year. The company faces challenges in expanding its international presence due to certification and investment requirements. ElectroCore Inc ( NAS
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ECOR
News
- electroCore, Inc. (NASDAQ: ECOR) had its price target raised by analysts at HC Wainwright from $22.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- electroCore to Acquire NeuroMetrix, Gaining Access to its Quell Platform and Positioning Itself as a Significant Player in Non-Invasive Bioelectronic Medicine and WellnessGlobeNewswire
- electroCore’s Truvaga™ Plus Wins Woman’s World Magazine 50 over 50 AwardGlobeNewswire
- electroCore Donates gammaCore Sapphire for Real World Evaluation of nVNS in Trauma Among IsraelisGlobeNewswire
- electroCore to Participate at the Canaccord Genuity MedTech, Diagnostics and Digital Health & Services Forum on November 21GlobeNewswire
ECOR
Earnings
- 11/13/24 - Miss
ECOR
Sec Filings
- 12/17/24 - Form 8-K
- 11/29/24 - Form 424B5
- 11/29/24 - Form 8-K
- ECOR's page on the SEC website