electroCore, Inc. (ECOR) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,68922,62824,05968,563
Cash and cash equivalents34,6894,24213,5647,600
Short-term investments 18,38610,49560,963
Receivables438271496268
Inventory, net of allowances, customer advances and progress billings1,3618768911,949
Inventory1,3618768911,949
Other undisclosed current assets1,0541,2891,0871,918
Total current assets:37,54125,06426,53372,699
Noncurrent Assets
Inventory, Noncurrent3,9404,8656,020 
Operating lease, right-of-use asset6135171,431
Property, plant and equipment147244345381
Other noncurrent assets5928281,132425
Total noncurrent assets:5,2916,4548,928806
TOTAL ASSETS:42,83331,51835,46273,504
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,4244,8808,5464,374
Accounts payable1,5432,0795,209 
Accrued liabilities3,8812,8013,3372,222
Employee-related liabilities   2,152
Debt 312598 
Other undisclosed current liabilities61699 2,699
Total current liabilities:5,4855,8909,1457,073
Noncurrent Liabilities
Long-term debt and lease obligation, including:6991,0981,420 
Long-term debt, excluding current maturities 1,098  
Operating lease, liability6998851,420
Other undisclosed long-term debt and lease obligation (885)  
Liabilities, other than long-term debt   246
Deferred rent credit   246
Other undisclosed noncurrent liabilities(699)   
Total noncurrent liabilities:6991,9831,420246
Total liabilities:6,1857,87410,5657,319
Stockholders' equity
Stockholders' equity attributable to parent, including:36,64823,00924,26265,550
Common stock7146  
Additional paid in capital160,773130,205107,752103,791
Accumulated other comprehensive income (loss)13(251)(41)61
Accumulated deficit(124,208)(106,990)(83,479)(38,331)
Other undisclosed stockholders' equity attributable to parent  3029
Stockholders' equity attributable to noncontrolling interest 636636636
Total stockholders' equity:36,64823,64524,89766,186
TOTAL LIABILITIES AND EQUITY:42,83331,51835,46273,504

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues5,4513,4962,390993
Cost of revenue
(Cost of Goods and Services Sold)
(1,385)(1,738)(1,157)(579)
Gross profit:4,0661,7581,233414
Operating expenses(24,109)(26,507)(47,322)(54,968)
Operating loss:(20,043)(24,749)(46,089)(54,554)
Nonoperating income (expense)1,97467958(1,210)
Gain on contract termination549   
Other nonoperating expense(8)(18)(12)(345)
Interest and debt expense1,422(0)  
Loss from continuing operations before equity method investments, income taxes:(16,647)(24,682)(45,130)(55,763)
Other undisclosed income (loss) from continuing operations before income taxes(1,422)0  
Loss from continuing operations before income taxes:(18,069)(24,682)(45,130)(55,763)
Income tax expense (benefit)8511,171(18)(2)
Net loss:(17,218)(23,511)(45,148)(55,765)
Net loss attributable to noncontrolling interest   (55)
Net loss available to common stockholders, diluted:(17,218)(23,511)(45,148)(55,820)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(17,218)(23,511)(45,148)(55,765)
Other comprehensive income (loss)264(210)(102)(19)
Comprehensive loss:(16,954)(23,721)(45,250)(55,785)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (5)
Comprehensive loss, net of tax, attributable to parent:(16,954)(23,721)(45,250)(55,790)

Statements sources

The financial statements are based on the company's filings with the 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.

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