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ElectroCore Inc - ECOR STOCK NEWS

Welcome to our dedicated news page for ElectroCore (Ticker: ECOR), a resource for investors and traders seeking the latest updates and insights on ElectroCore.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ElectroCore's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ElectroCore's position in the market.

Rhea-AI Summary
electroCore, Inc. CEO to present at H.C. Wainwright 25th Annual Global Investment Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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conferences
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Rhea-AI Summary
electroCore, Inc. has been completely vindicated in securities class actions over the company's 2018 IPO, with no finding of wrongdoing or liability and no payment required. The federal court litigation and litigation in the New Jersey Superior Court have both concluded without any negative impact on the company. This provides a positive outlook for electroCore and its management.
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End-of-Day
0.21%
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IPO offering
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Rhea-AI Summary
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End-of-Day
-8.84%
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earnings
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End-of-Day
1.33%
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earnings
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Rhea-AI Summary
electroCore, Inc. has agreed to issue and sell 1,675,914 registered shares of common stock and unregistered warrants to certain investors. The offering price is $4.4125 per share and related warrant. The aggregate gross proceeds are expected to be approximately $8.145 million. The net proceeds will be used for sales and marketing, working capital, and general corporate purposes.
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Rhea-AI Sentiment
End-of-Day
2.51%
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offering
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End-of-Day
-7.2%
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none
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End-of-Day
-1.42%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
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none
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Rhea-AI Summary
electroCore, Inc. expects to report record revenue of approximately $3.55 million for Q2 2023, a 65% increase compared to Q2 2022. Revenue from the government channel is expected to grow by 75% to $2.08 million, while revenue from cash pay channels is expected to grow by 32% to $430,000. Truvaga net revenue is expected to be $291,000, and TAC-STIM revenue is expected to be $311,000. Revenue from outside of the U.S. is expected to decrease by 8%. The Company's net cash used during the quarter was approximately $3.5 million. The Company reiterates its revenue guidance of $14.0-$15.0 million for FY 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.7%
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earnings
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Rhea-AI Sentiment
End-of-Day
6.35%
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none
ElectroCore Inc

Nasdaq:ECOR

ECOR Rankings

ECOR Stock Data

35.24M
4.17M
27.3%
15.98%
0.27%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
United States
Rockaway

About ECOR

electrocore is, a us based electroceutical healthcare company, which is developing a range of non-invasive vagus nerve stimulation (nvns) patient administered therapies for the treatment of multiple conditions in neurology, psychiatry, gastroenterology and other fields. initial focus is on primary headache (migraine and cluster headache), with trials continuing in epilepsy, gastric motility disorders, depression and anxiety. electrocore, which was founded in 2005, has more than 30 employees and full time consultants with offices in the us (head office), germany (german and european head office), uk, italy, australia, and canada.