$ECOR

electroCore, Inc.

CIK:0001560258|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 9,450	$ 7,381	$ 19,034	$ 14,100
Cost of goods sold	1,273	939	2,493	1,952
Gross profit	8,177	6,442	16,541	12,148
Operating expenses
Research and development	818	511	1,558	1,153
Selling, general and administrative	10,131	9,437	23,071	18,323
Total operating expenses	10,949	9,948	24,629	19,476
Loss from operations	(2,772)	(3,506)	(8,088)	(7,328)
Other (income) expense:
Interest and other income	(40)	(68)	(92)	(151)
Interest expense	321	5	639	10
Other expense	6	228	16	387
Total other expense	287	165	563	246
Loss before income taxes	(3,059)	(3,671)	(8,651)	(7,574)
Benefit from income taxes			321	48
Net loss	$ (3,059)	$ (3,671)	$ (8,330)	$ (7,526)
Net loss per share of common stock - Basic	$ (0.33)	$ (0.44)	$ (0.91)	$ (0.91)
Net loss per share of common stock - Diluted	$ (0.33)	$ (0.44)	$ (0.91)	$ (0.91)
Weighted average common shares outstanding - Basic	9,404	8,316	9,180	8,302
Weighted average common shares outstanding - Diluted	9,404	8,316	9,180	8,302

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (8,330)	$ (7,526)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation	1,791	1,045
Depreciation and amortization	27	276
Amortization of right of use assets	53	77
Amortization of debt discount	161
Inventory reserve charge	135
Increase (decrease) in provision for credit losses		541
Changes in operating assets and liabilities:
Accounts receivable	109	13
Inventories	(925)	249
Prepaid expenses and other assets	632	(8)
Accounts payable	(545)	714
Accrued expense and other current liabilities	368	(428)
Operating lease liabilities	(2)	69
Net cash used in operating activities	(6,526)	(4,978)
Cash flows from investing activities:
Purchase of property and equipment	(6)	(62)
Sale of marketable securities	3,033	4,747
Net cash provided by investing activities	3,027	4,685
Cash flows from financing activities:
Proceeds from exercise of warrants	280	1
Proceeds from exercise of options	826	45
Sale of common stock, net	3,868	137
Net cash provided by financing activities	4,974	183
Effect of changes in exchange rates on cash and cash equivalents	(9)	33
Net increase (decrease) in cash and cash equivalents	1,466	(77)
Cash and cash equivalents – beginning of year	7,035	3,700
Cash and cash equivalents – end of period	8,501	3,623
Supplemental cash flows disclosures:
Proceeds from sale of state net operating losses	321	48
Interest paid	639	5
Supplemental schedule of noncash activity:
Bonuses settled through the issuance of common stock	$ 562

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 8,501	$ 7,035
Marketable securities	1,543	4,576
Accounts receivable, net	909	1,027
Inventories	2,418	1,631
Prepaid expenses and other current assets	752	1,397
Total current assets	14,123	15,666
Property and equipment, net	375	382
Operating lease right-of-use assets, net	2,512	2,565
Other assets, net	54	54
Total assets	17,064	18,667
Current liabilities:
Accounts payable	2,181	2,712
Accrued expenses and other current liabilities	8,110	8,261
Current portion of debt	1,000
Current portion of operating lease liabilities	383	375
Total current liabilities	11,674	11,348
Noncurrent liabilities:
Operating lease liabilities, noncurrent	2,412	2,421
Long-term debt	5,768	6,607
Total liabilities	19,854	20,376
Commitments and contingencies (see Note 15)
Common Stock, par value $0.001 per share; 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 9,001,540 shares issued and outstanding at June 30, 2026, and 8,004,416 shares issued and outstanding at December 31, 2025	9	8
Additional paid-in capital	196,565	189,240
Accumulated deficit	(199,386)	(191,056)
Accumulated other comprehensive income	22	99
Total stockholders’ deficit	(2,790)	(1,709)
Total liabilities and stockholders’ deficit	$ 17,064	$ 18,667