electroCore, Inc. (ECOR)

electroCore, Inc. is a commercial-stage medical device company focused on developing non-invasive vagus nerve stimulation (nVNS) therapies. Its lead product, gammaCore Sapphire, is a prescription-only nVNS therapy for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

65/100 AI Score MCap 38M Vol 17K

Company Overview

CEODaniel S. Goldberger
Employees73
HeadquartersRockaway, NJ, US
IPO Year2018

electroCore, Inc. pioneers non-invasive vagus nerve stimulation (nVNS) therapies with gammaCore Sapphire, offering a novel, prescription-only solution for migraine and cluster headache pain, positioning them for growth in the neuromodulation market with a strong gross margin of 86.0%.

Investment Thesis

electroCore presents a compelling investment opportunity based on its innovative gammaCore Sapphire device and its potential to disrupt the migraine and cluster headache treatment market. With a gross margin of 86.0%, the company demonstrates strong pricing power and efficient cost management. The increasing adoption of non-invasive neuromodulation therapies, coupled with electroCore's focus on expanding the applications of nVNS, positions the company for significant revenue growth. Key catalysts include expanding insurance coverage for gammaCore Sapphire and successful clinical trials for new indications. While the company currently operates at a loss, reflected in its negative P/E ratio of -3.25 and a profit margin of -47.5%, the long-term growth potential and high gross margin make it an attractive investment for those seeking exposure to the medical device sector.

Key Highlights

  • Market Cap of $0.04B indicates the company's current valuation in the market.
  • Gross Margin of 86.0% demonstrates strong pricing power and efficient cost management.
  • Beta of 0.51 suggests lower volatility compared to the overall market.
  • P/E ratio of -3.25 reflects the company's current lack of profitability, but also its growth potential.
  • No Dividend Yield indicates that the company is reinvesting its earnings for future growth.

Competitors

Strengths

  • Innovative nVNS technology.
  • High gross margin.
  • Prescription-only product.
  • Rechargeable and reloadable device design.

Weaknesses

  • Limited product portfolio.
  • Reliance on a single product for revenue.
  • Negative profit margin.
  • Small market capitalization.

Catalysts

  • Upcoming: Clinical trial results for new indications of gammaCore Sapphire.
  • Ongoing: Efforts to expand insurance coverage for gammaCore Sapphire.
  • Ongoing: Expansion into new geographic markets.
  • Upcoming: Potential strategic partnerships with pharmaceutical companies.

Risks

  • Potential: Competition from established medical device companies with greater resources.
  • Potential: Regulatory hurdles for new indications of gammaCore Sapphire.
  • Ongoing: Reimbursement challenges from insurance providers.
  • Potential: Product liability claims related to gammaCore Sapphire.
  • Ongoing: Dependence on a single product for revenue.

Growth Opportunities

  • Expanding Indications: electroCore has the opportunity to expand the use of gammaCore Sapphire beyond migraine and cluster headaches. Research into using nVNS for conditions such as post-traumatic stress disorder (PTSD) and epilepsy could open up new markets. The market size for neurological disorders is estimated to be billions of dollars, and successful clinical trials could significantly increase electroCore's revenue. Timeline for new indications is estimated within the next 3-5 years.
  • Geographic Expansion: electroCore can expand its market reach by entering new geographic markets. Currently, the company's primary focus is on the United States. Expanding into Europe and Asia, where there is a growing demand for advanced medical devices, could drive significant revenue growth. The global market for medical devices is projected to reach hundreds of billions of dollars, offering a substantial opportunity for electroCore. This expansion could occur within the next 2-3 years.
  • Strategic Partnerships: electroCore can form strategic partnerships with pharmaceutical companies and healthcare providers to expand its market reach and accelerate adoption of gammaCore Sapphire. Collaborating with established players in the healthcare industry can provide access to new distribution channels and customer segments. These partnerships could be established within the next year.
  • Increased Insurance Coverage: Securing broader insurance coverage for gammaCore Sapphire is crucial for driving adoption and revenue growth. Working with insurance providers to demonstrate the cost-effectiveness and clinical benefits of nVNS therapy can lead to increased reimbursement rates and greater patient access. This is an ongoing effort with continuous updates.
  • Direct-to-Consumer Marketing: Implementing a direct-to-consumer marketing strategy can help raise awareness of gammaCore Sapphire and drive demand. Educating patients about the benefits of nVNS therapy and providing convenient access to the device can lead to increased sales. This strategy can be implemented within the next 6-12 months.

Opportunities

  • Expanding indications for nVNS therapy.
  • Geographic expansion into new markets.
  • Strategic partnerships with pharmaceutical companies.
  • Increased insurance coverage for gammaCore Sapphire.

Threats

  • Competition from established medical device companies.
  • Regulatory hurdles for new indications.
  • Reimbursement challenges from insurance providers.
  • Potential for technological obsolescence.

Competitive Advantages

  • Proprietary nVNS technology protected by patents.
  • Prescription-only status creates a barrier to entry.
  • Established brand recognition in the neuromodulation market.
  • High gross margin demonstrates pricing power.

About

electroCore, Inc., established in 2005 and headquartered in Rockaway, New Jersey, is a commercial-stage medical device company dedicated to the development and commercialization of non-invasive vagus nerve stimulation (nVNS) therapies. The company's primary focus is on providing innovative solutions for patients suffering from debilitating conditions such as migraines and cluster headaches. Their flagship product, gammaCore Sapphire, represents a significant advancement in the field of neuromodulation. It is a prescription-only, handheld device designed for the acute treatment of pain associated with migraine and episodic cluster headache in adult patients. gammaCore Sapphire is engineered for long-term use, featuring a rechargeable and reloadable design that allows for regular or intermittent therapy over many years. electroCore's commitment to innovation and patient care has positioned it as a key player in the evolving landscape of non-invasive neuromodulation, offering a potential alternative to traditional pharmaceutical interventions. With a focus on expanding the applications of nVNS therapy, electroCore is poised to address unmet needs in various therapeutic areas, solidifying its role as a leader in the medical device industry. The company operates with 73 employees.

What They Do

  • Develop and commercialize non-invasive vagus nerve stimulation (nVNS) therapies.
  • Offer gammaCore Sapphire, a prescription-only device for acute migraine and cluster headache pain relief.
  • Provide a handheld, rechargeable device for regular or intermittent use.
  • Focus on neuromodulation as an alternative to traditional pharmaceutical interventions.
  • Target adult patients suffering from migraine and episodic cluster headaches.
  • Offer a non-pharmacological option for pain management.

Business Model

  • Sales of gammaCore Sapphire devices to patients with prescriptions.
  • Revenue from device refills and accessories.
  • Partnerships with healthcare providers and distributors.
  • Reimbursement from insurance companies for gammaCore Sapphire treatments.

Industry Context

electroCore operates within the medical device industry, specifically in the neuromodulation segment. This segment is experiencing growth driven by increasing demand for non-invasive pain management solutions. The market for migraine and cluster headache treatments is substantial, with a growing preference for alternatives to traditional pharmaceuticals. electroCore's gammaCore Sapphire competes with products from companies like BTAI (Bioelectronic Therapeutics, Inc.), HYPD (Hyperfine, Inc.), MAIA (Maia Biotechnology, Inc.), MYO (Myomo, Inc.), and NMTC (NeuroMetrix, Inc.). The company's focus on non-invasive vagus nerve stimulation (nVNS) positions it well to capitalize on this trend.

Key Customers

  • Adult patients suffering from migraine headaches.
  • Adult patients suffering from episodic cluster headaches.
  • Physicians who prescribe gammaCore Sapphire to their patients.
  • Healthcare providers who offer gammaCore Sapphire as a treatment option.
AI Confidence: 72% Updated: 2/8/2026

Financials

Recent Quarterly Results

Quarter Revenue Net Income EPS
Q3 2025 $9M -$3M $0.00
Q2 2025 $7M -$4M $0.00
Q1 2025 $7M -$4M $0.00
Q4 2024 $7M -$3M $0.00

Source: Company filings

Chart & Info

Price Chart

electroCore, Inc. (ECOR) stock price: $4.73 (+0.18, +3.96%)

Why Bull

  • Recent insider buying suggests confidence in electroCore's future, indicating that key stakeholders believe in the company's potential.
  • Community sentiment has shifted positively, with discussions around the efficacy of their non-invasive therapies gaining traction.
  • Analysts are highlighting the growing interest in neuromodulation therapies, positioning electroCore favorably within a burgeoning market.
  • Recent partnerships and collaborations have sparked optimism about expanding their product reach and enhancing brand visibility.

Why Bear

  • Concerns linger over the company's revenue growth, as some investors are skeptical about the scalability of their current offerings.
  • Social sentiment reflects apprehension about regulatory hurdles that could delay product approvals and market entry.
  • There is a notable divide in community views, with some traders expressing doubts about the long-term viability of their business model.
  • Recent market developments have introduced competition, raising questions about electroCore's ability to maintain its market position.

Latest News

Technical Analysis

RSI(14)
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MACD
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Volume
16,227

Rationale

AI-generated technical analysis for ECOR including trend direction, momentum, and pattern recognition.

What to Watch

Key support and resistance levels, volume signals, and upcoming events.

Risk Management

Position sizing, stop-loss levels, and risk-reward assessment.

Community

Discussion

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Sentiment

Community sentiment and discussion activity for ECOR.

Make a Prediction

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Current price: $4.73

Analyst Consensus

Consensus Rating

Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ECOR.

Price Targets

Wall Street price target analysis for ECOR.

Insider Flow (30d)

Lev Joshua S.
Insider
3 weeks ago
BOUGHT
74,112 shares
Goldberger Daniel S
Insider
3 weeks ago
BOUGHT
651,880 shares
$2.3M
Lev Joshua S.
Insider
2 months ago
SOLD
21,667 shares
$109K
Goldberger Daniel S
Insider
2 months ago
BOUGHT
292,565 shares
$1.4M

MoonshotScore

64.5/100

Score Factors

  • Revenue Growth 8/100

    Revenue grew 57.1% YoY, showing strong top-line momentum well above industry average.

  • Gross Margin 10/100

    Gross margin of 86.0% shows excellent pricing power and a strong competitive moat.

  • Operating Leverage 6/100

    Revenue growth is driving operating leverage, meaning profits can grow faster than costs.

  • Cash Runway 5/100

    Cash position data is currently unavailable for this company.

  • R&D Intensity 5/100

    R&D spending data is currently unavailable for this company.

  • Insider Activity 10/100

    Insiders bought +$2.34M net in recent filings, a strong confidence signal from those who know the company best.

  • Short Interest 5/100

    Float and volume data unavailable for liquidity analysis.

  • Price Momentum 0/100

    No bullish technical signals detected. The stock lacks upward price momentum currently.

  • News Sentiment 5/100

    No sentiment data available

What does this score mean?

The MoonshotScore rates ECOR's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.

Frequently Asked Questions

What does electroCore, Inc. do?

electroCore, Inc. is a commercial-stage medical device company specializing in the development and commercialization of non-invasive vagus nerve stimulation (nVNS) therapies. Their primary product, gammaCore Sapphire, is a prescription-only handheld device designed for the acute treatment of pain associated with migraine and episodic cluster headache in adults. The company focuses on providing patients with a non-pharmacological alternative for pain management, utilizing neuromodulation to stimulate the vagus nerve and alleviate symptoms. electroCore's business model centers around the sale of gammaCore Sapphire devices and related accessories, targeting both patients and healthcare providers.

Is ECOR stock a good buy?

ECOR stock presents a mixed investment profile. The company's high gross margin of 86.0% indicates strong pricing power, and the potential for growth in the neuromodulation market is significant. However, the company's negative P/E ratio of -3.25 and a profit margin of -47.5% reflect its current lack of profitability. Investors should consider the potential for future growth driven by expanding indications and geographic reach, but also be aware of the risks associated with a small market capitalization and reliance on a single product. A balanced analysis suggests that ECOR may be suitable for investors with a high-risk tolerance and a long-term investment horizon.

What are the main risks for ECOR?

electroCore faces several key risks. Competition from larger, more established medical device companies poses a significant threat. Regulatory hurdles for new indications of gammaCore Sapphire could delay or prevent market expansion. Reimbursement challenges from insurance providers could limit patient access to the device. Product liability claims related to gammaCore Sapphire could negatively impact the company's financial performance. Finally, the company's dependence on a single product for revenue makes it vulnerable to changes in market demand or technological advancements.

Is ECOR a good stock to buy?

Whether ECOR is a good investment depends on your financial goals, risk tolerance, and investment horizon. Key factors to evaluate include the company's revenue growth trajectory, profit margins, debt-to-equity ratio, competitive moat, and valuation multiples (P/E, P/S, EV/EBITDA) relative to industry peers. Our AI-generated Investment Thesis and SWOT analysis on this page provide a data-driven starting point. Always do your own research and consider consulting a financial advisor before making investment decisions.

What is the ECOR MoonshotScore?

The MoonshotScore for ECOR is an AI-powered rating from 0 to 100 that evaluates a stock across four dimensions: growth potential (revenue and earnings trajectory), financial health (balance sheet strength, cash flow), market momentum (price trends, volume patterns, institutional flows), and risk factors (volatility, debt levels, sector headwinds). Scores above 70 indicate strong potential, 50-70 moderate, and below 50 suggests caution. The score is recalculated daily using the latest financial data and market signals.

How often is ECOR data updated?

ECOR stock prices are updated in real-time during U.S. market hours (9:30 AM - 4:00 PM ET, Monday through Friday). After-hours and pre-market prices are also tracked. Company fundamentals (earnings, revenue, balance sheet) are refreshed when new quarterly or annual reports are filed. Analyst ratings, price targets, and AI-generated insights are updated daily. Breaking news related to ECOR is aggregated continuously from premium financial news sources throughout the day.

What are the growth catalysts for ECOR?

Growth catalysts for electroCore, Inc. (ECOR) can include several categories: product catalysts (new launches, FDA approvals, patent grants), financial catalysts (earnings beats, margin expansion, share buybacks), strategic catalysts (acquisitions, partnerships, market expansion into new regions), and macro catalysts (favorable regulation, industry tailwinds, secular growth trends). Our AI analyzes electroCore, Inc.'s specific catalysts using earnings transcripts, SEC filings, and news sentiment to identify the most impactful near-term and long-term drivers.

Who are ECOR's main competitors?

electroCore, Inc. (ECOR) competes with companies in its industry that target similar customers, markets, or product categories. Competitor analysis involves comparing key metrics: market share, revenue growth rates, profit margins, R&D spending, and valuation multiples. Understanding competitive positioning helps investors assess whether ECOR has a sustainable competitive advantage (moat) through brand strength, network effects, cost leadership, or switching costs. Our Competitors section provides a side-by-side comparison with relevant peers.

What do analysts say about ECOR?

Wall Street analyst coverage for ECOR includes consensus ratings (buy, hold, or sell), 12-month price targets, and earnings estimates. Analyst opinions are aggregated from major investment banks and research firms. Key metrics to watch include the consensus price target (average, high, and low estimates), the number of analysts covering the stock, any recent rating changes (upgrades or downgrades), and how actual earnings compare to analyst estimates (beat or miss history). Our platform aggregates these from multiple data providers for a comprehensive view.

What is ECOR's market cap?

Market capitalization (market cap) for ECOR is calculated by multiplying the current share price by the total number of outstanding shares. It represents the market's total valuation of the company. Stocks are typically categorized as mega-cap ($200B+), large-cap ($10B-$200B), mid-cap ($2B-$10B), small-cap ($300M-$2B), or micro-cap (under $300M). Market cap influences index inclusion, institutional ownership eligibility, and risk profile. Our Key Statistics section shows ECOR's current market cap alongside enterprise value and other valuation metrics.

How has ECOR stock performed recently?

ECOR's recent stock performance can be evaluated across multiple timeframes: daily price changes, week-over-week momentum, monthly trends, and year-to-date returns. Important performance indicators include the stock's 52-week high and low, moving averages (50-day and 200-day SMA), relative strength index (RSI), and volume trends. Comparing ECOR's performance against its sector index and the S&P 500 provides context on whether it is outperforming or underperforming the broader market.

What are the risks of investing in ECOR?

Key risk categories for ECOR include: market risk (overall market downturns affecting stock prices), company-specific risk (management changes, product failures, competitive threats), financial risk (high debt levels, cash burn, dilution from stock issuance), regulatory risk (government policy changes, lawsuits, compliance issues), and macroeconomic risk (interest rate changes, inflation, currency fluctuations). Beta measures ECOR's volatility relative to the market - a beta above 1.0 means higher volatility than the S&P 500. Our AI-generated risk assessment identifies the most relevant risk factors for this specific stock.

Are insiders buying or selling ECOR?

Insider trading activity for ECOR tracks purchases and sales by company executives, directors, and major shareholders (10%+ owners) as reported in SEC Form 4 filings. Insider buying is generally considered a bullish signal because insiders have the deepest knowledge of company operations, while selling may have various motivations (diversification, tax planning, pre-planned 10b5-1 trading plans). Key metrics include the buy-to-sell ratio, total dollar value of insider transactions, and whether multiple insiders are trading in the same direction. Our Insider Flow tab shows recent transactions with dates and dollar amounts.

Is ECOR a good stock for beginners?

electroCore, Inc. (ECOR) can be suitable for beginner investors depending on several factors. Look at the MoonshotScore on this page for an overall AI-powered assessment of growth potential and risk. Beginners should also check the company's market cap (larger companies tend to be less volatile), gross margin (higher margins mean stronger business fundamentals), and cash position (healthy cash reduces bankruptcy risk). Always start with a small position size and never invest money you cannot afford to lose.

How risky is ECOR for first-time investors?

Every stock carries risk, including electroCore, Inc. (ECOR). First-time investors should review the Risk Factors section on this page for company-specific risks. Key risk indicators include price volatility (check the chart for daily swings), insider selling activity (see Insider Flow tab), and cash runway (see MoonshotScore breakdown). A diversified portfolio with an index fund like the S&P 500 as a core holding is generally recommended before adding individual stocks like ECOR.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

AI Analysis Notes
  • Financial data is based on the most recently available information.
  • Future performance is subject to market conditions and company-specific factors.
Data Sources
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