electroCore (NASDAQ:ECOR) Announces Quarterly Earnings Results

electroCore (NASDAQ:ECOR) announced its earnings results on Thursday. The company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.01, FiscalAI reports. The business had revenue of $9.24 million during the quarter, compared to analysts’ expectations of $9.09 million. electroCore had a negative net margin of 47.46% and a negative return on equity of 447.87%.

Here are the key takeaways from electroCore’s conference call:

• CEO Dan Goldberger will retire effective April 1, 2026, with CFO Joshua Lev named Interim President and Michael Fox joining as COO in April, creating near-term leadership transition risk despite planned continuity.
• electroCore reported a record Q4 revenue of $9.2 million (up 31% YoY) and full-year 2025 revenue of $32 million (up 27% YoY), beating analyst revenue and EPS estimates.
• The VA channel is the growth engine—200 VA facilities have purchased gammaCore and ~13,400 VA patients received devices (≈2% penetration), and management plans to expand VA sales coverage to drive further adoption.
• Despite revenue gains, the company posted a $14.0 million net loss (vs. $11.9M in 2024), operating expenses rose to ~$40.9M, and cash & equivalents fell to ~$11.6M, highlighting continued burn and funding considerations.
• Consumer and product momentum: Truvaga drove ~$5.4M in sales (93% growth) with ROAS ≈ $2.10, Quell Fibromyalgia contributed $1.5M after the May 2025 acquisition, and management plans a soft launch of Quell Relief (OTC) in H1 2026, which would be incremental to current growth expectations.

electroCore Price Performance

Shares of electroCore stock traded down $0.35 on Thursday, hitting $6.55. The company had a trading volume of 166,244 shares, compared to its average volume of 69,095. The firm has a market capitalization of $52.40 million, a P/E ratio of -3.83 and a beta of 0.48. electroCore has a twelve month low of $4.16 and a twelve month high of $8.64. The stock has a 50-day moving average of $6.58 and a 200-day moving average of $5.55.

Analyst Ratings Changes

A number of research firms recently weighed in on ECOR. HC Wainwright dropped their price target on electroCore from $25.00 to $18.00 and set a “buy” rating for the company in a report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of electroCore in a report on Monday, December 29th. Zacks Research cut electroCore from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Finally, raised shares of electroCore to a “strong-buy” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, electroCore presently has a consensus rating of “Reduce” and a consensus price target of $18.00.

Institutional Investors Weigh In On electroCore

Several institutional investors have recently bought and sold shares of ECOR. Two Sigma Investments LP lifted its position in shares of electroCore by 20.8% in the third quarter. Two Sigma Investments LP now owns 24,603 shares of the company’s stock worth $122,000 after purchasing an additional 4,231 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of electroCore during the 1st quarter worth about $153,000. Jane Street Group LLC lifted its position in electroCore by 114.4% during the first quarter. Jane Street Group LLC now owns 36,726 shares of the company’s stock worth $246,000 after acquiring an additional 19,599 shares during the last quarter. DRW Securities LLC acquired a new stake in electroCore during the 4th quarter worth approximately $264,000. Finally, NewEdge Advisors LLC grew its stake in shares of electroCore by 857.9% in the first quarter. NewEdge Advisors LLC now owns 161,955 shares of the company’s stock valued at $1,083,000 after acquiring an additional 145,047 shares in the last quarter. Institutional investors own 26.74% of the company’s stock.

About electroCore

electroCore, Inc is a commercial-stage bioelectronic medicine company headquartered in Rockaway, New Jersey. The company specializes in the development and commercialization of non-invasive vagus nerve stimulation (nVNS) therapies designed to address a variety of neurological and inflammatory conditions. Established in 2006, electroCore has focused its efforts on translating neuromodulation science into a compact, patient-administered treatment device.

The company’s lead product, gammaCore®, is a handheld, battery-powered device that delivers nVNS through the skin to the cervical branch of the vagus nerve.