A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
Our Business An Overview ElectroCore is a bioelectronic medicine and general wellness company dedicated to improving health and quality of life through our proprietary non-invasive vagus nerve stimulation (“nVNS”) technology platform and related product offerings. nVNS modulates neurotransmitters through its effects on both the peripheral and central nervous systems. Our nVNS treatment is delivered through a proprietary high-frequency burst waveform that safely and comfortably passes through the skin and stimulates therapeutically relevant fibers in the vagus nerve. Various scientific publications suggest that nVNS works through a variety of mechanistic pathways including the modulation of neurotransmitters. Historically, vagus nerve stimulation or VNS, required an invasive surgical procedure to implant a costly medical device. This generally limited VNS from being used by anyone other than the most severe patients.
| Metric | TTM | FY2023 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|
| Revenue | 28M | 16M | - | - | - |
| Net Income | -14M | -19M | -45M | -56M | -36M |
| EPS | $-1.84 | $-3.42 | $-23.10 | $-17.85 | $-18.23 |
| Free Cash Flow | 0 | -15M | -45M | -47M | -25M |
| ROIC | -51.9% | -204.5% | -150.1% | -85.2% | -51.6% |
| Gross Margin | 85.6% | 82.5% | - | - | - |
| Debt/Equity | 0.00 | 1.16 | 0.44 | 0.11 | -0.07 |
| Dividends/Share | $0.00 | - | - | - | - |
| Operating Income | -14M | -19M | -46M | -55M | -26M |
| Operating Margin | -49.8% | -120.2% | - | - | - |
| ROE | 0.0% | -153.6% | -100.5% | -85.2% | - |
| Shares Outstanding | 8M | 6M | 2M | 3M | 2M |
| Metric | 2017 | 2018 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | N/A | N/A | N/A | 16M | 28M |
| Gross Margin | N/A | N/A | N/A | 82.5% | 85.6% |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -26M | -55M | -46M | -19M | -14M |
| Op. Margin | N/A | N/A | N/A | -120.2% | -49.8% |
| Net Income | -36M | -56M | -45M | -19M | -14M |
| Net Margin | N/A | N/A | N/A | -117.5% | -51.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | -51.6% | -85.2% | -150.1% | N/M | -51.9% |
| ROE | N/A | -85.2% | -100.5% | -153.6% | 0.0% |
| ROA | -91.2% | -75.9% | -82.9% | -92.2% | -67.4% |
| Cash Flow | |||||
| Op. Cash Flow | -25M | -47M | -45M | -15M | -9.2M |
| Free Cash Flow | -25M | -47M | -45M | -15M | 0 |
| Owner Earnings | -26M | -55M | -49M | -17M | -12M |
| CapEx | 153K | 279K | 70K | 206K | 0 |
| Maint. CapEx | 32K | 67K | 250K | 962K | 962K |
| Growth CapEx | 120K | 212K | 0 | 0 | 0 |
| D&A | 32K | 67K | 250K | 962K | 962K |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 462K | 7.6M | 3.9M | 1.7M | 1.7M |
| Debt Repayment | 398K | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||
| Net Debt | N/A | N/A | N/A | N/A | -6.4M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | 13M |
| Long-Term Debt | N/A | N/A | N/A | N/A | 6.5M |
| Debt/Equity | -0.07 | 0.11 | 0.44 | 1.16 | 0.00 |
| Interest Coverage | -4.1 | N/A | -13331.9 | -1482.2 | -1482.2 |
| Equity | -90M | 66M | 24M | 7.4M | -1.1M |
| Total Assets | 39M | 74M | 35M | 16M | 21M |
| Total Liabilities | 6.4M | 7.3M | 11M | 8.7M | 22M |
| Intangibles | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -153M | -38M | -83M | -165M | -165M |
| Working Capital | 33M | 66M | 17M | 6.2M | 6.2M |
| Current Assets | 39M | 73M | 27M | 14M | 14M |
| Current Liabilities | 6.1M | 7.1M | 9.1M | 8.1M | 8.1M |
| Per Share Data | |||||
| EPS | -18.23 | -17.85 | -23.10 | -3.42 | -1.84 |
| Owner EPS | -13.15 | -17.52 | -25.18 | -3.15 | -1.48 |
| Book Value | -45.88 | 20.96 | 12.41 | 1.35 | -0.13 |
| Cash Flow/Share | -12.90 | -15.06 | -23.06 | -2.66 | -1.69 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 2.0M | 3.1M | 2.0M | 5.5M | 8.0M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | -3.4 |
| P/FCF | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 4.1 | 1.6 | 4.2 | N/A |
| Price/Sales | N/A | N/A | N/A | 1.8 | 1.8 |
| FCF Yield | N/A | -17.8% | -117.5% | -47.8% | N/A |
| Market Cap | N/A | 267M | 38M | 31M | 50M |
| Avg. Price | N/A | 180.54 | 56.28 | 5.18 | 6.28 |
| Year-End Price | N/A | 85.35 | 19.65 | 5.65 | 6.28 |
electroCore, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 82.5%.
electroCore, Inc. (ECOR) has a 5-year average return on invested capital (ROIC) of -95.6%. This is below average and may indicate limited pricing power.
electroCore, Inc. (ECOR) has a market capitalization of $50M. It is classified as a small-cap stock.
electroCore, Inc. (ECOR) does not currently pay a regular dividend.
electroCore, Inc. (ECOR) operates in the Electromedical & Electrotherapeutic Apparatus industry, within the Healthcare sector.
electroCore, Inc. (ECOR) reported annual revenue of $16 million in its most recent fiscal year, based on SEC EDGAR filings.
electroCore, Inc. (ECOR) has a net profit margin of -117.5%. The company is currently unprofitable.
electroCore, Inc. (ECOR) generated $-15 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
electroCore, Inc. (ECOR) has a debt-to-equity ratio of 1.16. This indicates moderate leverage.
electroCore, Inc. (ECOR) reported earnings per share (EPS) of $-3.42 in its most recent fiscal year.
electroCore, Inc. (ECOR) has a return on equity (ROE) of -153.6%. A negative ROE may indicate losses or negative equity.
electroCore, Inc. (ECOR) has a 5-year average gross margin of 82.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 4 years of financial data for electroCore, Inc. (ECOR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
electroCore, Inc. (ECOR) has a book value per share of $1.35, based on its most recent annual SEC filing.