electroCore, Inc. (ECOR) News & EventsECORelectroCore, Inc.

electroCore Reports Q3 Revenue of $9.69M, Below Expectations

Reports Q3 revenue $9.69M, consensus $10.93M. "This quarter reflects the early stages of a more efficient commercial organization," said Joshua Lev, Co-Chief Executive Officer, President, and Chief Financial Officer of electroCore. "This quarter we delivered record net sales of $9.7 million, up approximately 12% from a year ago, while spending less to do it, leading to the lowest operating loss in our history. More importantly, we have evidence that the transformation is working. We are deliberately prioritizing profitable, sustainable long-term growth over short-term results, which underpins our confidence in accelerating revenue growth and an inflection point in positive Adjusted EBITDA in 2027."

Company Projects 30% to 40% Revenue Growth for 2027

The company said, "The Company is also introducing preliminary 2027 revenue guidance of 30% to 40% revenue growth over full year 2026 revenue and expects to achieve its first quarter with positive Adjusted EBITDA by the end of 2027. This preliminary outlook reflects the Company's expectations regarding the continued expansion of representatives selling both gammaCore and Quell into VA accounts, improved accountability associated with smaller territories, replicating operating leverage nationally, and potential label expansion of Quell for CIPN, which remains subject to FDA clearance. The Company expects to refine this guidance range and provide additional commentary as appropriate in the future. A reconciliation of forward-looking Adjusted EBITDA to the most directly comparable GAAP measure is not provided because the timing and magnitude of certain reconciling items cannot be reasonably predicted without unreasonable effort."

Company Lowers 2026 Revenue Outlook to $39M-$42M

The company said, "The Company is revising its full-year 2026 revenue outlook to a range of $39 million to $42 million, from its prior guidance of greater than 30% revenue growth."