NASDAQ : ECOR
electroCore, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 7.52 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 67.80M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
electroCore, Inc. (ECOR) reported revenue of 36.97M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 36.97M | 32.03M | 25.18M | 16.03M | 8.59M | 5.45M |
| Cost of Revenue | 4.79M | 4.24M | 3.79M | 2.80M | 1.62M | 1.39M |
| Gross Profit | 32.18M | 27.79M | 21.40M | 13.23M | 6.98M | 4.07M |
| Selling, General & Admin | 42.95M | 38.21M | 31.20M | 27.17M | 24.33M | 21.57M |
| Research & Development | 3.14M | 2.73M | 2.36M | 5.32M | 5.52M | 2.54M |
| Operating Expenses | 46.09M | 40.94M | 33.56M | 32.49M | 29.85M | 24.11M |
| Operating Income | -13.91M | -13.15M | -12.16M | -19.27M | -22.87M | -20.04M |
| Interest Expense | -1.22M | -590.00K | -389.00K | |||
| Interest & Investment Income | 239.00K | 298.00K | 572.00K | 433.00K | 287.00K | 11.00K |
| Other Non Operating Income (Expenses) | 371.00K | -184.00K | -6.00K | -8.00K | ||
| EBT Excluding Unusual Items | -14.52M | -13.45M | -11.98M | -19.02M | -22.59M | -20.04M |
| Gain (Loss) on Sale of Investments | 549.00K | |||||
| Other Unusual Items | -518.00K | -518.00K | 1.42M | |||
| Pretax Income | -15.04M | -13.96M | -11.98M | -19.02M | -22.59M | -18.07M |
| Income Tax Expense | -270.00K | 3.00K | -93.00K | -186.00K | -431.00K | -851.00K |
| Earnings From Continuing Operations | -14.77M | -13.97M | -11.89M | -18.83M | -22.16M | -17.22M |
| Net Income | -14.77M | -13.97M | -11.89M | -18.83M | -22.16M | -17.22M |
| Net Income to Common | -14.77M | -13.97M | -11.89M | -18.83M | -22.16M | -17.22M |
| Shares Outstanding (Basic) | 8.92M | 8.48M | 7.48M | 5.51M | 4.73M | 3.94M |
| Shares Outstanding (Diluted) | 8.92M | 8.48M | 7.48M | 5.51M | 4.73M | 3.94M |
| EPS (Basic) | -1.66 | -1.65 | -1.59 | -3.42 | -4.69 | -4.36 |
| EPS (Diluted) | -1.66 | -1.65 | -1.59 | -3.42 | -4.69 | -4.36 |
| Free Cash Flow | -9.74M | -8.25M | -6.95M | -14.87M | -16.64M | -13.63M |
| Free Cash Flow Per Share | -1.09 | -0.97 | -0.93 | -2.70 | -3.52 | -3.45 |
| Gross Margin | 87.06% | 86.75% | 84.97% | 82.51% | 81.19% | 74.59% |
| Operating Margin | -37.64% | -41.06% | -48.30% | -120.21% | -266.22% | -367.69% |
| Profit Margin | -39.96% | -43.60% | -47.20% | -117.49% | -257.94% | -315.87% |
| Free Cash Flow Margin | -26.36% | -25.77% | -27.59% | -92.79% | -193.73% | -249.99% |
| EBITDA | -13.66M | -12.65M | -11.40M | -18.31M | -22.33M | -19.66M |
| EBITDA Margin | -36.95% | -39.50% | -45.28% | -114.20% | -259.85% | |
| D&A For EBITDA | 252.00K | 501.00K | 760.00K | 962.00K | 548.00K | 382.00K |
| EBIT | -13.91M | -13.15M | -12.16M | -19.27M | -22.87M | -20.04M |
| EBIT Margin | -37.64% | -41.06% | -48.30% | -120.21% | -266.22% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.50M | 7.04M | 3.70M | 10.33M | 17.71M | 34.69M |
| Short-Term Investments | 1.54M | 4.58M | 8.52M | |||
| Cash & Short-Term Investments | 10.04M | 11.61M | 12.22M | 10.33M | 17.71M | 34.69M |
| Receivables | 909.00K | 1.03M | 1.37M | 717.00K | 401.00K | 438.00K |
| Inventory | 2.42M | 1.63M | 1.68M | 2.16M | 1.98M | 1.36M |
| Prepaid Expenses | 752.00K | 1.40M | 1.04M | 836.00K | 828.00K | 1.05M |
| Restricted Cash | 250.00K | 250.00K | ||||
| Total Current Assets | 14.12M | 15.67M | 16.30M | 14.29M | 21.17M | 37.54M |
| Property, Plant & Equipment | 2.89M | 2.95M | 3.90M | 706.00K | 615.00K | 760.00K |
| Other Long-Term Assets | 54.00K | 54.00K | 274.00K | 1.10M | 2.97M | 4.53M |
| Total Assets | 17.06M | 18.67M | 20.47M | 16.10M | 24.76M | 42.83M |
| Accounts Payable | 2.18M | 2.71M | 1.83M | 2.16M | 2.13M | 938.00K |
| Accrued Expenses | 6.01M | 6.08M | 5.12M | 4.16M | 3.36M | 3.53M |
| Current Portion of Long-Term Debt | 1.00M | |||||
| Current Portion of Leases | 383.00K | 375.00K | 361.00K | 89.00K | 74.00K | 61.00K |
| Current Income Taxes Payable | 489.00K | 524.00K | 382.00K | 272.00K | 133.00K | |
| Current Unearned Revenue | 153.00K | 50.00K | 78.00K | 245.00K | 152.00K | |
| Other Current Liabilities | 1.46M | 1.60M | 1.38M | 1.19M | 1.19M | 952.00K |
| Total Current Liabilities | 11.67M | 11.35M | 9.15M | 8.12M | 7.04M | 5.49M |
| Long-Term Debt | 5.77M | 6.61M | ||||
| Long-Term Leases | 2.41M | 2.42M | 3.77M | 537.00K | 625.00K | 700.00K |
| Total Liabilities | 19.85M | 20.38M | 12.93M | 8.66M | 7.67M | 6.18M |
| Common Stock | 9.00K | 8.00K | 7.00K | 6.00K | 5.00K | 5.00K |
| Additional Paid-In Capital | 196.56M | 189.24M | 184.51M | 172.70M | 163.52M | 160.84M |
| Retained Earnings | -199.39M | -191.06M | -177.09M | -165.20M | -146.37M | -124.21M |
| Comprehensive Income & Other | 22.00K | 99.00K | 114.00K | -64.00K | -69.00K | 13.00K |
| Total Common Equity | -2.79M | -1.71M | 7.54M | 7.44M | 17.09M | 36.65M |
| Shareholders' Equity | -2.79M | -1.71M | 7.54M | 7.44M | 17.09M | 36.65M |
| Total Liabilities & Equity | 17.06M | 18.67M | 20.47M | 16.10M | 24.76M | 42.83M |
| Total Debt | 9.56M | 9.40M | 4.14M | 626.00K | 699.00K | 761.00K |
| Net Cash (Debt) | 481.00K | 2.21M | 8.08M | 9.71M | 17.01M | 33.93M |
| Net Cash Per Share | 0.05 | 0.26 | 1.08 | 1.76 | 3.60 | 8.60 |
| Filing Date Shares Outstanding | 9.02M | 8.08M | 7.19M | 6.00M | 4.74M | 4.71M |
| Total Common Shares Outstanding | 9.00M | 8.00M | 6.65M | 6.00M | 4.74M | 4.71M |
| Working Capital | 2.45M | 4.32M | 7.15M | 6.17M | 14.13M | 32.06M |
| Book Value Per Share | -0.31 | -0.21 | 1.13 | 1.24 | 3.60 | 7.77 |
| Tangible Book Value | -2.79M | -1.71M | 7.54M | 7.44M | 17.09M | 36.65M |
| Tangible Book Value Per Share | -0.31 | -0.21 | 1.13 | 1.24 | 3.60 | 7.77 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -14.77M | -13.97M | -11.89M | -18.83M | -22.16M | -17.22M |
| Depreciation & Amortization | 1.40M | 1.68M | 1.26M | 1.02M | 596.00K | 382.00K |
| Other Amortization | 296.00K | 135.00K | ||||
| Asset Writedown & Restructuring Costs | 150.00K | 150.00K | ||||
| Loss (Gain) From Sale of Investments | -407.00K | |||||
| Stock-Based Compensation | 2.68M | 1.93M | 1.87M | 1.70M | 2.68M | 3.30M |
| Provision & Write-off of Bad Debts | -18.00K | 523.00K | 51.00K | -54.00K | 49.00K | |
| Other Operating Activities | 176.00K | 41.00K | 682.00K | 196.00K | -1.36M | |
| Change in Accounts Receivable | -46.00K | -142.00K | -710.00K | -262.00K | 37.00K | -217.00K |
| Change in Inventory | -1.16M | 16.00K | 713.00K | 96.00K | 296.00K | 371.00K |
| Change in Accounts Payable | 1.19M | 2.45M | 1.05M | 35.00K | 1.19M | 464.00K |
| Change in Other Net Operating Assets | 366.00K | -999.00K | 708.00K | 946.00K | 519.00K | 1.01M |
| Operating Cash Flow | -9.73M | -8.19M | -6.95M | -14.67M | -16.64M | -13.63M |
| Capital Expenditures | -10.00K | -66.00K | -206.00K | |||
| Investment in Securities | 2.23M | 3.94M | -8.52M | 18.22M | ||
| Investing Cash Flow | 2.22M | 3.88M | -8.52M | -206.00K | 18.22M | |
| Long-Term Debt Issued | 7.50M | |||||
| Net Debt Issued (Repaid) | 7.50M | 7.50M | ||||
| Issuance of Common Stock | 5.11M | 316.00K | 8.67M | 8.14M | 25.68M | |
| Other Financing Activities | -189.00K | -189.00K | -232.00K | -657.00K | ||
| Financing Cash Flow | 12.42M | 7.63M | 8.44M | 7.49M | 25.68M | |
| Foreign Exchange Rate Adjustments | -24.00K | 18.00K | 147.00K | 6.00K | -82.00K | 175.00K |
| Net Cash Flow | 4.88M | 3.33M | -6.88M | -7.38M | -16.73M | 30.45M |
| Free Cash Flow | -9.74M | -8.25M | -6.95M | -14.87M | -16.64M | -13.63M |
| Free Cash Flow Margin | -26.36% | -25.77% | -27.59% | -92.79% | -193.73% | -249.99% |
| Free Cash Flow Per Share | -1.09 | -0.97 | -0.93 | -2.70 | -3.52 | -3.45 |
| Levered Free Cash Flow | -4.68M | -2.71M | -4.08M | -8.97M | -10.08M | -8.88M |
| Unlevered Free Cash Flow | -4.22M | -2.47M | -3.83M | -8.97M | -10.08M | -8.88M |
| Cash Interest Paid | 1.03M | 397.00K | 13.00K | 13.00K | 6.00K | 10.00K |
| Cash Income Tax Paid | 39.00K | |||||
| Change in Working Capital | 353.00K | 1.32M | 1.76M | 815.00K | 2.04M | 1.63M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 67.80M | 35.86M | 106.25M | 35.73M | 18.27M | 41.18M |
| Enterprise Value | 67.32M | 33.72M | 97.34M | 22.91M | -2.66M | 3.59M |
| Last Close Price | 7.52 | 4.49 | 16.21 | 5.95 | 3.85 | 8.74 |
| PS Ratio | 1.83 | 1.12 | 4.22 | 2.23 | 2.13 | 7.55 |
| PB Ratio | -20.98 | 14.08 | 4.80 | 1.07 | 1.12 | |
| P/TBV Ratio | 14.08 | 4.80 | 1.07 | 1.12 | ||
| EV/Sales Ratio | 1.82 | 1.05 | 3.87 | 1.43 | 0.66 | |
| Debt / Equity Ratio | -3.43 | -5.50 | 0.55 | 0.08 | 0.04 | 0.02 |
| Net Debt / Equity Ratio | 0.17 | 1.29 | -1.07 | -1.30 | -1.00 | -0.93 |
| Net Debt / EBITDA Ratio | 0.04 | 0.17 | 0.71 | 0.53 | 0.76 | 1.73 |
| Net Debt / FCF Ratio | 0.05 | 0.27 | 1.16 | 0.65 | 1.02 | 2.49 |
| Asset Turnover | 2.34 | 1.64 | 1.38 | 0.79 | 0.25 | 0.15 |
| Inventory Turnover | 2.49 | 2.57 | 1.97 | 1.35 | 0.97 | 1.24 |
| Quick Ratio | 0.94 | 1.11 | 1.48 | 1.36 | 2.57 | 6.40 |
| Current Ratio | 1.21 | 1.38 | 1.78 | 1.76 | 3.00 | 6.84 |
| Return on Equity (ROE) | -478.70% | -158.63% | -153.57% | -82.49% | -57.12% | |
| Return on Assets (ROA) | -55.00% | -42.01% | -41.57% | -58.95% | -42.30% | -33.70% |
| Return on Capital Employed (ROCE) | -258.10% | -179.70% | -107.40% | -241.50% | -129.20% | -53.70% |
| Earnings Yield | -22.01% | -38.94% | -11.19% | -52.72% | -121.28% | -41.81% |
| FCF Yield | -14.37% | -23.01% | -6.54% | -41.63% | -91.09% | -33.09% |
| Buyback Yield / Dilution | -8.56% | -13.36% | -35.68% | -16.62% | -19.87% | -51.74% |