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electroCore(ECOR) - 2023 Q1 - Earnings Call Transcript
2023-05-04 11:41
财务数据和关键指标变化 - 公司第一季度实现净销售额2.8亿美元,同比增长46% [28] - 毛利润为2.3亿美元,毛利率为84%,较上年同期81%有所提升 [29] - 研发费用为1.8亿美元,较上年同期增加0.9亿美元,主要用于支持未来治疗平台的迭代 [30] - 销售、一般及管理费用为6.7亿美元,较上年同期增加0.5亿美元,主要由于裁员费用和持续的销售及营销投入 [31] - 调整后EBITDA亏损为5.1亿美元,较上年同期4.6亿美元亏损有所扩大 [32] - 经营活动现金流出为5.9亿美元,较上年同期4.8亿美元有所增加,主要由于研发投入增加 [33] - 现金及受限现金余额为12.2亿美元,较年初18亿美元有所下降 [34] 各条业务线数据和关键指标变化 - 处方用药GammaCore业务在VA/DoD医院渠道销售额增长38%,达到1.705亿美元 [15][16] - 处方用药GammaCore在商业渠道销售额增长56%,达到0.43亿美元 [16][17] - 新产品Truvaga在第一季度实现销售0.147亿美元,公司将加大营销投入 [11][12] - 新产品TAC-STIM在第一季度实现销售0.088亿美元,公司正在开发下一代TAC-STIM 2.0 [13][14] 各个市场数据和关键指标变化 - 美国以外市场销售额增长34%,达到0.41亿美元,主要来自英国NHS和日本授权费 [21] 公司战略和发展方向及行业竞争 - 公司正在开发新一代具有智能手机集成功能的治疗平台,并计划在2024年推出 [44] - 公司正在探索将GammaCore用于治疗创伤后应激障碍(PTSD)和阿片类药物成瘾(OUD)的适应症 [22][23] - 公司正在加大对Truvaga和TAC-STIM品牌的投入,看好其未来增长潜力 [11][12][13][14][39][40][45][46] 管理层对经营环境和未来前景的评论 - 管理层对公司前景表示乐观,认为各业务线都有较大增长潜力 [38][39][40][45][46] - 管理层表示将根据各业务线的表现调整营销投入,并将持续控制运营成本 [42][43] - 管理层预计2023年全年收入将达到1.4-1.5亿美元,同比增长超60% [35] 问答环节重要的提问和回答 问题1 **Unidentified Analyst 提问** 询问VA/DoD渠道的销售增长情况和未来预期 [50][51][52] **Dan Goldberger 回答** 公司正在通过开拓新客户和深耕现有客户两种方式推动VA/DoD渠道销售增长,并将继续增加销售人员投入 [53][54][55][57] 问题2 **Unidentified Analyst 提问** 询问TAC-STIM 2.0与现有产品的差异 [58][59][60] **Dan Goldberger 回答** TAC-STIM 2.0是与空军研究实验室合作开发的更加坚固耐用的新一代产品,预计将于今年夏季交付样机进行评估 [59][60] 问题3 **Unidentified Analyst 提问** 询问Truvaga产品的客户群与GammaCore是否存在差异 [62][63] **Dan Goldberger 回答** Truvaga目前主要面向年轻和高收入人群,与GammaCore在VA医院渠道的客户群存在差异,但目前销售规模较小,难以做出更多判断 [63]
electroCore(ECOR) - 2023 Q1 - Quarterly Report
2023-05-03 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________ TO ______________ Commission File Number 001-38538 electroCore, Inc. (Exact name of Registrant as specified in its charter) Delaware 20-3454976 (S ...
electroCore(ECOR) - 2022 Q4 - Earnings Call Transcript
2023-03-09 09:28
electroCore, Inc. (NASDAQ:ECOR) Q4 2022 Results Conference Call March 8, 2023 4:30 PM ET Company Participants Nicole Jones - IR Dan Goldberger - Chief Executive Officer Brian Posner - Chief Financial Officer Conference Call Participants Jeffrey Cohen - Ladenburg Thalmann John Vandermosten - Zacks Small-Cap Research Ramakanth Swayampakula - H.C. Wainwright Kemp Dolliver - Brookline Capital Markets Operator Hello, and welcome to the electroCore Fourth Quarter and Full Year 2022 Earnings Conference Call and We ...
electroCore(ECOR) - 2022 Q4 - Annual Report
2023-03-08 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38538 electroCore, Inc. (Exact name of Registrant as specified in its Charter) Delaware 20-3454976 (I.R.S. Employer (State or other j ...
electroCore(ECOR) - 2022 Q3 - Earnings Call Transcript
2022-11-07 00:25
electroCore, Inc. (NASDAQ:ECOR) Q3 2022 Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Nicole Jones - Investor Relations Dan Goldberger - Chief Executive Officer Brian Posner - Chief Financial Officer Peter Staats - Chief Medical Officer Conference Call Participants Destiny Hance - Ladenburg Thalmann John Vandermosten - Zacks Operator Greetings and welcome to the electroCore Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is bein ...
electroCore(ECOR) - 2022 Q2 - Earnings Call Transcript
2022-08-07 20:01
electroCore, Inc. (NASDAQ:ECOR) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Rich Cockrell - Investor Relations Dan Goldberger - Chief Executive Officer Brian Posner - Chief Financial Officer Conference Call Participants John Vandermosten - Zacks Operator Good afternoon, ladies and gentlemen and thank you for standing by. Welcome to the electroCore Second Quarter 2022 Earnings Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. ...
electroCore(ECOR) - 2022 Q1 - Earnings Call Transcript
2022-05-09 10:36
electroCore, Inc. (NASDAQ:ECOR) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET Company Participants Rich Cockrell - Investor Relations Dan Goldberger - Chief Executive Officer Brian Posner - Chief Financial Officer Peter Staats - Chief Medical Officer Conference Call Participants Swayampakula Ramakanth - H.C. Wainwright Jeffrey Cohen - Ladenburg Thalmann John Vandermosten - Zacks Jeremy Pearlman - Maxim Group Operator Greetings and welcome to electroCore First Quarter 2022 Earnings Conference Call. ...
electroCore(ECOR) - 2021 Q4 - Earnings Call Transcript
2022-03-11 11:34
electroCore, Inc. (NASDAQ:ECOR) Q4 2021 Earnings Conference Call March 10, 2022 4:30 PM ET Company Participants Rich Cockrell - Investor Relations, CG Capital Daniel Goldberger - Chief Executive Officer Brian Posner - Chief Financial Officer Peter Staats - Chief Medical Officer Conference Call Participants Jeffrey Cohen - Ladenburg Thalmann John Vandermosten - Zacks Small-Cap Research Swayampakula Ramakanth - H.C. Wainwright Jeremy Pearlman - Maxim Group, LLC Operator Greetings, and welcome to electroCore F ...
electroCore(ECOR) - 2021 Q3 - Earnings Call Transcript
2021-11-07 12:58
electroCore, Inc. (NASDAQ:ECOR) Q3 2021 Earnings Conference Call November 4, 2021 4:30 PM ET Company Participants Rich Cockrell - CG Capital Daniel Goldberger - CEO & Director Peter Staats - Chief Medical Officer Brian Posner - CFO & Corporate Secretary Conference Call Participants Jeffrey Cohen - Ladenburg Thalmann & Co. Swayampakula Ramakanth - H.C. Wainwright & Co. John Vandermosten - Zacks Investment Research Operator Greetings, and welcome to electroCore's Third Quarter 2021 Earnings Call. [Operator In ...
electroCore(ECOR) - 2021 Q2 - Earnings Call Transcript
2021-08-08 23:28
electroCore, Inc. (NASDAQ:ECOR) Q2 2021 Earnings Conference Ca August 5, 2021 4:30 PM ET Company Participants Rich Cockrell - CG Capital Dan Goldberger - Chief Executive Officer Brian Posner - Chief Financial Officer Peter Staats - Chief Medical Officer Conference Call Participants Jeffrey Cohen - Ladenburg Thalmann John Vandermosten - Zacks SCR Operator Greetings, and welcome to the electroCore Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A questio ...