electroCore, Inc. (ECOR) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 FORGE WAY
ROCKAWAY, NJ 07866
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,44211,90817,71221,64526,33029,882
Cash and cash equivalents8,44211,90817,71221,64526,33029,882
Restricted cash and investments250250250250250 
Receivables238213401364575364
Inventory, net of allowances, customer advances and progress billings2,3682,4781,9821,9741,7391,577
Inventory2,3682,4781,9821,9741,7391,577
Other undisclosed current assets1065258281,075230671
Total current assets:11,40415,37421,17325,30829,12432,494
Noncurrent Assets
Inventory, Noncurrent1,3511,4512,1942,6742,9053,324
Operating lease, right-of-use asset534550565579592605
Property, plant and equipment11434507799122
Other noncurrent assets819891774853761636
Total noncurrent assets:2,8182,9263,5834,1834,3574,687
TOTAL ASSETS:14,22218,30024,75629,49133,48137,181
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,4945,7716,9718,7247,2134,619
Taxes payable4885
Employee-related liabilities2,1051,552
Accounts payable2,2842,0012,1291,9012,0532,235
Accrued liabilities4,2103,7704,8424,6703,5232,384
Other undisclosed current liabilities817774(2,082)(1,569)64
Total current liabilities:6,5755,8487,0456,6425,6444,683
Noncurrent Liabilities
Long-term debt and lease obligation:    645664682
Liabilities, other than long-term debt583605625   
Operating lease, liability583605625645664682
Other undisclosed noncurrent liabilities    (645)(664)(682)
Total noncurrent liabilities:583605625645664682
Total liabilities:7,1586,4537,6707,2876,3085,365
Equity
Equity, attributable to parent, including:7,06411,84717,08622,20427,17331,816
Common stock   5   
Additional paid in capital164,275164,092163,520162,867162,301161,549
Accumulated other comprehensive loss(76)(13)(69)(154)(72)(14)
Accumulated deficit(157,140)(152,237)(146,370)(140,580)(135,127)(129,790)
Other undisclosed equity, attributable to parent55 717171
Total equity:7,06411,84717,08622,20427,17331,816
TOTAL LIABILITIES AND EQUITY:14,22218,30024,75629,49133,48137,181

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues3,5512,7802,5601,9762,1571,899
Cost of revenue
(Cost of Goods and Services Sold)
(585)(458)(640)(258)(358)(360)
Gross profit:2,9662,3221,9201,7181,7991,539
Operating expenses(7,954)(8,519)(7,837)(7,274)(7,619)(7,120)
Operating loss:(4,988)(6,197)(5,917)(5,556)(5,820)(5,581)
Nonoperating income (expense)8511914110338(1)
Other nonoperating expense   (1)  (5)
Interest and debt expense (2)(2)    
Other undisclosed loss from continuing operations before equity method investments, income taxes   (4)   
Loss from continuing operations before equity method investments, income taxes:(4,905)(6,080)(5,780)(5,453)(5,782)(5,582)
Other undisclosed income from continuing operations before income taxes 224   
Loss from continuing operations before income taxes:(4,903)(6,078)(5,776)(5,453)(5,782)(5,582)
Income tax expense (benefit)  211(14) 445 
Loss from continuing operations:(4,903)(5,867)(5,790)(5,453)(5,337)(5,582)
Loss before gain (loss) on sale of properties:(5,453)(5,337)(5,582)
Net loss available to common stockholders, diluted:(4,903)(5,867)(5,790)(5,453)(5,337)(5,582)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(4,903)(5,867)(5,790)(5,453)(5,337)(5,582)
Other comprehensive income (loss)  5685(82)(58)(27)
Comprehensive loss:(4,903)(5,811)(5,705)(5,535)(5,395)(5,609)
Other undisclosed comprehensive loss, net of tax, attributable to parent(63)     
Comprehensive loss, net of tax, attributable to parent:(4,966)(5,811)(5,705)(5,535)(5,395)(5,609)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: