
ElectroCore Inc (ECOR) Stock Forecast & Price Target
ElectroCore Inc (ECOR) Analyst Ratings
Bulls say
electroCore Inc. has demonstrated strong financial performance with a 57% year-over-year revenue increase, reporting $25.2 million in total revenues for 2024 compared to $16 million in 2023, along with a solid quarterly growth of 8% in Q4 2024. The company's gammaCore product continues to generate substantial revenue, and the recent expansion into retail sales through Amazon, along with plans for commercialization in Canada and the UK, is expected to drive further growth. The anticipated synergy from the Quell product acquisition and the existing distribution channels suggests a positive trajectory for revenue generation in the long term.
Bears say
The financial outlook for electroCore reflects a concerning trend, as the company reported a 32% year-over-year decline in TAC-STIM revenues, dropping from $1.7 million in 2023 to $1.2 million in 2024. Additionally, the fourth quarter of 2024 highlighted a revenue miss against consensus estimates, with actual revenues of $7.0 million and a net loss per share greater than expected at $0.40. Although gammaCore sales saw significant growth through the VA/DoD channel, the sequential decline in revenues for the fourth quarter indicates potential volatility in this revenue stream, raising questions about overall financial stability.
This aggregate rating is based on analysts' research of ElectroCore Inc and is not a guaranteed prediction by Public.com or investment advice.
ElectroCore Inc (ECOR) Analyst Forecast & Price Prediction
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