ECOR: CG Equity Research



electroCore, Inc.

(NASDAQ: ECOR)

Market Cap: $80M
1Q26 Cash: $8.8M
2026E Revenue: $41.6M
EV/2026E Revenue: ~1.7x



OUTPERFORM

CG Rating

$20.00

Price Target

~+100%

Upside



Key Investment Highlights

1

Accelerating Revenue Growth

20%+ year-over-year growth driven by VA, prescription, and fast-scaling consumer channels.

2

High-Margins, Scalable Model

An 85–87% gross margin business positioned to scale toward EBITDA breakeven as revenue expands.

3

Expanding
Platform

FDA-cleared migraine and fibromyalgia therapies with growing wellness and military applications.


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ECOR: Price Performance