Electrocore Stock Price, News & Analysis

electroCore, a bioelectronic medicine company (NASDAQ: ECOR), will host virtual one-on-one meetings at the Canaccord Genuity MedTech & Diagnostics Forum on November 18, 2021. The management team aims to discuss its non-invasive vagus nerve stimulation therapy platform designed for treating migraines and cluster headaches, including acute and preventive treatments. Stakeholders interested in a meeting should contact their Canaccord Genuity representative to arrange the details. For more information, visit www.electrocore.com.

electroCore reported third quarter 2021 revenue of $1.5 million, a significant increase of 17% sequentially and 38% year-over-year. The gross margin expanded to 76%, and cash reserves reached approximately $39.0 million. Despite a GAAP net loss of $4.0 million, the company announced reduced operating expenses and a confidence in growth prospects despite pandemic impacts on its markets. The company raised about $18.8 million through a public offering, ensuring sufficient funds for planned operations over the next year.

electroCore, Inc. (NASDAQ: ECOR) will report its financial results for Q3 2021 on November 4, 2021, following the market close. A conference call will be held at 4:30 PM ET to discuss the results. The company focuses on non-invasive vagus nerve stimulation therapies aimed at treating various neurological conditions including migraines and cluster headaches. With a commercial-stage product line, electroCore aims to improve patient outcomes.

On October 20, 2021, electroCore, Inc. (Nasdaq: ECOR) announced a peer-reviewed study in the British Journal of Healthcare Management evaluating prescribing trends for gammaCore in treating cluster headaches in England from April 2019 to 2020. The study involved 655 patients, revealing that 46.3% continued treatment with at least one refill and 30.9% required two or more refills. This suggests a durable benefit of gammaCore's non-invasive vagus nerve stimulation (nVNS) therapy. The NHS’s reimbursement program and favorable cost-saving implications were also highlighted.

electroCore has received an amended Medical Device License from Health Canada for gammaCore nVNS to treat migraine in adolescents aged 12-17. This expansion allows for both acute and preventive treatment of migraine, providing a non-drug option in a field with limited treatments for young patients. The decision is based on positive data, including a study showing 46.8% attack resolution without additional medication. The device is now available in Canada through RSK Medical Inc., enhancing options for managing primary headache disorders.

electroCore, Inc. (Nasdaq: ECOR) anticipates approximately $1.5 million in revenue for Q3 2021, reflecting a 15% increase from the previous quarter and 36% growth year-over-year. The company reported net cash used for operations was around $3.5 million, with cash reserves reaching $39 million by September 30. Revenue from government channels was approximately $946,000, up from $779,000 in Q2 2021. International sales contributed $371,000. The company raised about $18.8 million through a public offering.

On September 30, 2021, electroCore, Inc. (NASDAQ: ECOR) announced the rescheduling of its presentation at the Cantor Fitzgerald Virtual Global Healthcare Conference to the same day at 12:40 PM EDT. Investors interested in the presentation can register for the conference through the provided link. Following the event, a replay of the webcast will be available on the company's investor section of its website. electroCore focuses on bioelectronic medicine, particularly using non-invasive vagus nerve stimulation for treating various neurological conditions.

On September 29, 2021, electroCore (Nasdaq: ECOR) released findings from the SAVIOR-1 study, which evaluated the use of non-invasive vagus nerve stimulation (nVNS) during COVID-19 treatment. Conducted in Spain, the study enrolled 110 patients and demonstrated significant reductions in inflammation biomarkers, specifically C-reactive protein and procalcitonin, among nVNS patients compared to controls. The therapy was well-tolerated, administered three times daily, and suggested potential benefits in managing COVID-19 symptoms. The manuscript is now available on MedRxiv and under peer review.

electroCore, a commercial-stage bioelectronic medicine company, announced its management will present at the Cantor Fitzgerald Virtual Global Healthcare Conference on September 30, 2021, at 8:15 am EDT. The conference runs from September 27 to 30, 2021. Investors can register for the event HERE.. Additionally, the company will attend the MicroCap Rodeo: Fall Harvest Best Ideas Conference from October 5-8, 2021.