ECOR Earnings Prediction
The chart below shows how ECOR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ECOR sees a -0.06% change in stock price 10 days leading up to the earnings, and a -2.84% change 10 days following the report. On the earnings day itself, the stock moves by +2.62%. This data can give you a slight idea of what to expect for the next quarter's release.
ECOR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.55M
45.39%
6.76%
Gross Margin
83.75%
-1.86%
-3.01%
Operating Margin
-40.45%
-55.81%
-4.17%
Net Margin
-38.10%
-57.40%
-11.91%
EPS
-0.31
-54.41%
-18.42%
No Data Available
ECOR Earnings Analysis
electroCore, Inc. Common Stock Corporation (ECOR.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Revenue for the three months ended September 30, 2024 was $6.6 million, a 45% increase compared to $4.5 million during the same period in 2023.
Impressive Growth Rate: Our five-year compound annual growth rate is 62%.
Gross Margin Stability: Our gross margins remained steady at 84%, and we narrowed our net loss by 38% compared to the same period in 2023.
VA Channel Sales Growth: Sales in the VA channel grew 75% to $4.8 million in the third quarter of 2024 from $2.7 million during the third quarter of 2023.
Sales Comparison Analysis: We recorded $194,000 of TAC-STIM in sales as compared to $601,000 during the same period last year.
Negative
Quarterly Revenue Increase: Revenue for the three months ended September 30, 2024 was $6.6 million, an increase of 45% compared to $4.5 million during the three months ended September 30, 2023.
Operating Expenses Comparison: Total operating expenses in the third quarter of 2024 were approximately $8.1 million as compared to $8 million in the third quarter of 2023.
R&D Expense Comparison: Research and development expense in the third quarter of 2024 was $521,000 as compared to $1.2 million in the third quarter of 2023.
Quarterly Net Loss Comparison: GAAP net loss for the third quarter of 2024 was $2.5 million or $0.31 per share as compared to the $4 million net loss or $0.68 per share for the third quarter of 2023.
SG&A Expense Increase: Selling, general and administrative expenses of $7.6 million for the three months ended September 30, 2024 increased by $895,000 or 13% as compared to $6.7 million for the comparable period in 2023.
ECOR FAQs
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ECOR Earning Call Sentiment
electroCore, Inc. (ECOR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ECOR.O
2.49%Positive
The earnings call highlights strong revenue growth, improved net loss, and a stable cash position, which are positive indicators. Despite the lack of guidance and some competitive pressures, the company's record revenue and increased sales in key channels are encouraging. The Q&A section reveals optimism about product awards and potential growth opportunities. The absence of shareholder return plans is a downside, but the overall sentiment leans positive due to strong financial performance and strategic growth initiatives.
