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electroCore, Inc. (ECOR): A Bull Case Theory
Wed 07 May 25, 05:36 PMelectroCore completes acquisition of neurotechnology solution provider NeuroMetrix
Mon 05 May 25, 08:48 AMelectroCore Announces Full Year 2024 Financial Results
Wed 12 Mar 25, 08:05 PMelectroCore to Participate at Upcoming Investor Conferences
Wed 05 Mar 25, 01:00 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | -22.59300M | -18.06930M | -24.68200M | -45.12900M | -55.76302M |
Minority interest | - | - | 0.64M | 0.64M | 0.64M |
Net income | -22.16200M | -17.21810M | -23.51110M | -45.14700M | -55.82046M |
Selling general administrative | 24.33M | 21.57M | 0.02M | 35.42M | 42.50M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 6.98M | 4.07M | 1.76M | 1.23M | 0.41M |
Reconciled depreciation | 0.55M | 0.38M | 0.40M | 0.25M | 0.07M |
Ebit | -23.42200M | -20.04310M | -24.28390M | -44.09100M | -53.89210M |
Ebitda | -22.87400M | -22.01450M | -23.81930M | -42.09400M | -53.82544M |
Depreciation and amortization | 0.55M | -1.97140M | 0.46M | 2.00M | 0.07M |
Non operating income net other | - | - | 0.07M | 0.96M | -1.20950M |
Operating income | -22.87400M | -20.04310M | -24.28390M | -44.09100M | -54.55352M |
Other operating expenses | 31.47M | 25.49M | 27.78M | 46.48M | 55.55M |
Interest expense | 0.29M | 4.33M | 0.46M | 2.79M | 0.00000M |
Tax provision | -0.43100M | -0.85117M | -1.17089M | 0.02M | 0.00243M |
Interest income | 0.29M | 0.01M | 0.08M | 0.97M | 1.01M |
Net interest income | 0.29M | 0.01M | 0.08M | 0.97M | 1.01M |
Extraordinary items | - | - | - | - | - |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | -0.43100M | -0.85120M | -1.17090M | 0.02M | 0.00243M |
Total revenue | 8.59M | 5.45M | 3.50M | 2.39M | 0.99M |
Total operating expenses | 29.85M | 24.11M | 26.04M | 45.32M | 54.97M |
Cost of revenue | 1.62M | 1.39M | 1.74M | 1.16M | 0.58M |
Total other income expense net | 0.28M | 1.97M | -0.39810M | -1.03800M | -2.21583M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | -22.16200M | -17.21807M | -23.51105M | -45.14788M | -55.76546M |
Net income applicable to common shares | -22.16200M | -17.21807M | -23.51105M | -45.14788M | -34.70212M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 16.39M | 24.76M | 42.83M | 31.52M | 36.10M |
Intangible assets | - | - | - | - | - |
Earning assets | - | - | - | - | - |
Other current assets | 0.84M | 0.83M | 1.05M | 0.03M | 1.09M |
Total liab | 8.95M | 7.67M | 6.18M | 7.87M | 10.56M |
Total stockholder equity | 7.44M | 17.09M | 36.65M | 23.64M | 24.90M |
Deferred long term liab | - | - | - | - | - |
Other current liab | 5.63M | 4.69M | 3.88M | 2.80M | 3.34M |
Common stock | 0.00600M | 0.00500M | 0.07M | 0.05M | 0.03M |
Capital stock | 0.00600M | 0.00500M | 0.07M | 0.05M | 0.03M |
Retained earnings | -165.20400M | -146.37000M | -124.20822M | -106.99015M | -83.47910M |
Other liab | - | - | - | - | 1.42M |
Good will | - | - | - | - | - |
Other assets | - | 3.46M | -0.00001M | 4.89M | 0.64M |
Cash | 10.58M | 17.71M | 34.69M | 4.24M | 13.56M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 8.12M | 7.04M | 5.49M | 5.89M | 9.14M |
Current deferred revenue | 0.24M | 0.15M | - | - | - |
Net debt | -9.95500M | -17.01300M | -33.92803M | -1.24784M | -11.54580M |
Short term debt | 0.09M | 0.07M | 0.06M | 1.01M | 0.60M |
Short long term debt | - | - | - | 0.48M | 0.11M |
Short long term debt total | 0.63M | 0.70M | 0.76M | 2.99M | 2.02M |
Other stockholder equity | 172.70M | 163.52M | 160.77M | 130.84M | 108.39M |
Property plant equipment | - | 0.61M | 0.76M | 0.24M | 1.78M |
Total current assets | 14.29M | 21.17M | 37.54M | 22.63M | 26.53M |
Long term investments | - | - | - | - | - |
Net tangible assets | - | 16.31M | 36.13M | 23.01M | 23.18M |
Short term investments | - | - | 0.00000M | 18.39M | 10.50M |
Net receivables | 0.72M | 0.40M | 0.44M | 0.27M | 0.50M |
Long term debt | - | - | - | 1.10M | - |
Inventory | 2.16M | 1.98M | 1.36M | 0.84M | 0.89M |
Accounts payable | 2.16M | 2.13M | 1.54M | 2.08M | 5.21M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | 0.64M | 0.64M |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | -0.06400M | -0.06900M | 0.01M | -0.25147M | -0.04129M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | - | 0.05M | 0.03M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | - | -106.99015M | -83.47910M |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 1.10M | 2.97M | 4.53M | 8.13M | 7.15M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 2.09M | 3.58M | 5.29M | 8.89M | 8.93M |
Capital lease obligations | 0.63M | 0.70M | 0.76M | 1.42M | 1.91M |
Long term debt total | - | - | - | 1.10M | - |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | 0.00000M | 18.22M | -7.96316M | 51.04M | -36.54891M |
Change to liabilities | 1.19M | 0.46M | -2.60459M | 1.76M | 2.91M |
Total cashflows from investing activities | - | 18.22M | -7.96316M | 50.97M | -36.82783M |
Net borrowings | - | - | 1.46M | 0.11M | 0.11M |
Total cash from financing activities | 0.00000M | 25.68M | 18.95M | 0.16M | 78.33M |
Change to operating activities | 0.52M | 1.01M | -1.18871M | -0.17752M | -0.36161M |
Net income | -22.16200M | -17.21807M | -23.51105M | -45.14788M | -55.76546M |
Change in cash | -16.72700M | 30.45M | -9.32185M | 5.96M | -5.62391M |
Begin period cash flow | 34.69M | 4.24M | 13.56M | 7.60M | 13.22M |
End period cash flow | 17.96M | 34.69M | 4.24M | 13.56M | 7.60M |
Total cash from operating activities | -16.64500M | -13.62762M | -20.10259M | -45.06654M | -47.11035M |
Issuance of capital stock | 0.00000M | 25.68M | 17.49M | 0.00000M | 78.33M |
Depreciation | 0.55M | 0.38M | 0.40M | 0.25M | 0.07M |
Other cashflows from investing activities | - | - | - | 51.04M | -36.54891M |
Dividends paid | - | - | - | - | 3629.09M |
Change to inventory | 0.30M | 0.37M | 0.74M | -4.96177M | -1.62162M |
Change to account receivables | 0.04M | -0.21719M | 0.23M | -0.22854M | -0.16439M |
Sale purchase of stock | - | - | - | 0.05M | 78.33M |
Other cashflows from financing activities | - | 18.22M | 2.56M | 0.86M | 3629.09M |
Change to netincome | 2.93M | 1.58M | 3.70M | 3.97M | 7.61M |
Capital expenditures | 0.00000M | 0.00000M | 0.00000M | 0.07M | 0.28M |
Change receivables | - | - | 0.23M | -0.22854M | -0.16439M |
Cash flows other operating | - | - | 0.92M | -0.18089M | 0.35M |
Exchange rate changes | - | - | - | - | -0.02019M |
Cash and cash equivalents changes | - | - | -9.11388M | 6.07M | -5.62391M |
Change in working capital | 2.04M | 1.63M | -1.80906M | -2.57010M | -0.28909M |
Stock based compensation | 2.68M | 3.30M | 3.27M | 3.90M | 7.60M |
Other non cash items | 0.24M | -0.01178M | 0.53M | -0.96382M | -0.09562M |
Free cash flow | -16.64500M | -13.62762M | -20.10259M | -45.13622M | -47.38927M |
Sector: Healthcare Industry: Medical Devices
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
ECOR Electrocore LLC |
0.05 0.96% | 5.29 | - | - | 2.15 | 4.63 | 1.54 | -1.3566 |
ABT Abbott Laboratories |
-1.77 1.30% | 134.49 | 37.15 | 23.15 | 4.67 | 4.97 | 4.88 | 19.38 |
SYK Stryker Corporation |
-5.225 1.32% | 391.51 | 44.07 | 24.94 | 5.51 | 6.12 | 6.05 | 25.73 |
MDT Medtronic PLC |
-0.1499 0.17% | 88.60 | 26.60 | 15.87 | 3.35 | 2.08 | 3.90 | 14.12 |
BSX Boston Scientific Corp |
-1.14 1.09% | 103.64 | 68.17 | 24.57 | 5.85 | 4.26 | 6.46 | 26.80 |
electroCore, Inc., a commercial stage bioelectronic medicine and wellness company, provides non-invasive vagus nerve stimulation technology platform in the United States, the United Kingdom, and internationally. The company is developing gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania. It also develops Truvaga for the support of general health and wellbeing; and TAC-STIM for human performance. In addition, the company offers gammacore Sapphire, a portable, reusable, rechargeable, and reloadable prescription medical device for various primary headache conditions. electroCore, Inc. was incorporated in 2005 and is headquartered in Rockaway, New Jersey.
200 Forge Way, Rockaway, NJ, United States, 07866
Name | Title | Year Born |
---|---|---|
Mr. Daniel S. Goldberger | CEO & Director | 1959 |
Mr. Joseph P. Errico | Co-Founder, Principal Investor & Director | 1969 |
Dr. Thomas J. Errico M.D. | Founder, Independent Director & Principal Investor | 1952 |
Mr. Brian M. Posner | CFO & Corp. Sec. | 1962 |
Mr. Michael Romaniw | Exec. VP of Systems & Operations | 1957 |
Ms. Jackie Dorsky | VP of Marketing | NA |
Mr. Iain Strickland Ph.D. | Sr. VP of Global Sales & Strategy | NA |
Ms. Carrie Kochek | Sr. Director of HR | NA |
Dr. Peter S. Staats M.B.A., M.D. | Chief Medical Officer | 1963 |
Mr. Eric J. Liebler | Sr. VP of Neurology | 1964 |
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