Electrocore Historical Income Statement
ECOR Stock | USD 6.33 0.00 0.00% |
Historical analysis of Electrocore LLC income statement accounts such as Depreciation And Amortization of 1.3 M or Interest Expense of 245.4 K can show how well Electrocore LLC performed in making a profits. Evaluating Electrocore LLC income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Electrocore LLC's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Electrocore LLC latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Electrocore LLC is a good buy for the upcoming year.
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About Electrocore Income Statement Analysis
Electrocore LLC Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Electrocore LLC shareholders. The income statement also shows Electrocore investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Electrocore LLC Income Statement Chart
Electrocore LLC Income Statement is one of the three primary financial statements used for reporting Electrocore's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Electrocore LLC revenue and expense. Electrocore LLC Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Electrocore LLC's Total Operating Expenses is relatively stable compared to the past year. As of 05/04/2024, Reconciled Depreciation is likely to grow to about 927.1 K, while Interest Expense is likely to drop slightly above 245.4 K. Add Fundamental
Total Revenue
Total revenue comprises all receipts Electrocore LLC generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Electrocore LLC minus its cost of goods sold. It is profit before Electrocore LLC operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Electrocore LLC. It is also known as Electrocore LLC overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Electrocore LLC's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Electrocore LLC current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.At this time, Electrocore LLC's Total Operating Expenses is relatively stable compared to the past year. As of 05/04/2024, Reconciled Depreciation is likely to grow to about 927.1 K, while Interest Expense is likely to drop slightly above 245.4 K.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.1M | 7.0M | 13.2M | 13.9M | Total Revenue | 5.5M | 8.6M | 16.0M | 16.8M |
Electrocore LLC income statement Correlations
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Electrocore LLC Account Relationship Matchups
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Electrocore LLC income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Net Interest Income | 970.6K | 84.3K | 10.7K | 287K | 440K | 462K | |
Interest Income | 970.6K | 84.3K | 10.7K | 287K | 440K | 398.5K | |
Depreciation And Amortization | 2.0M | 464.6K | (2.0M) | 548K | 1.3M | 1.3M | |
Interest Expense | 2.8M | 8.3K | 4.3M | 287K | 258.3K | 245.4K | |
Selling General Administrative | 35.4M | 21.8K | 21.6M | 24.3M | 26.4M | 24.1M | |
Total Revenue | 2.4M | 3.5M | 5.5M | 8.6M | 16.0M | 16.8M | |
Gross Profit | 1.2M | 1.8M | 4.1M | 7.0M | 13.2M | 13.9M | |
Other Operating Expenses | 46.5M | 27.8M | 25.5M | 31.5M | 34.8M | 36.2M | |
Operating Income | (44.1M) | (24.3M) | (20.0M) | (22.9M) | (18.8M) | (19.7M) | |
Net Income From Continuing Ops | (45.1M) | (23.5M) | (17.2M) | (22.2M) | (20.6M) | (21.6M) | |
Ebit | (44.1M) | (24.3M) | (20.0M) | (22.9M) | (18.8M) | (19.7M) | |
Research Development | 9.9M | 4.2M | 2.5M | 5.5M | 5.3M | 5.6M | |
Ebitda | (42.1M) | (23.8M) | (22.0M) | (22.3M) | (17.5M) | (18.4M) | |
Cost Of Revenue | 1.2M | 1.7M | 1.4M | 1.6M | 2.8M | 2.9M | |
Total Operating Expenses | 45.3M | 26.0M | 24.1M | 29.9M | 32.0M | 34.8M | |
Income Before Tax | (45.1M) | (24.7M) | (18.1M) | (22.6M) | (19.0M) | (20.0M) | |
Total Other Income Expense Net | (1.0M) | (398.1K) | 2.0M | 281K | (215K) | (225.8K) | |
Net Income Applicable To Common Shares | (45.1M) | (23.5M) | (17.2M) | (22.2M) | (25.5M) | (26.8M) | |
Net Income | (45.1M) | (23.5M) | (17.2M) | (22.2M) | (18.8M) | (19.8M) | |
Income Tax Expense | 18K | (1.2M) | (851.2K) | (431K) | (186K) | (176.7K) | |
Reconciled Depreciation | 249.6K | 399.2K | 381.5K | 548K | 883K | 927.2K | |
Tax Provision | 17.7K | (1.2M) | (851.2K) | (431K) | (197K) | (206.9K) |
Pair Trading with Electrocore LLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Electrocore LLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Electrocore LLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Electrocore Stock
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Moving against Electrocore Stock
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The ability to find closely correlated positions to Electrocore LLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrocore LLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Electrocore LLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Electrocore LLC to buy it.
The correlation of Electrocore LLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Electrocore LLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrocore LLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Electrocore LLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Electrocore Stock analysis
When running Electrocore LLC's price analysis, check to measure Electrocore LLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.
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Is Electrocore LLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electrocore LLC. If investors know Electrocore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electrocore LLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.42) | Revenue Per Share 2.907 | Quarterly Revenue Growth 1.028 | Return On Assets (0.58) | Return On Equity (1.54) |
The market value of Electrocore LLC is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore LLC's value that differs from its market value or its book value, called intrinsic value, which is Electrocore LLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electrocore LLC's market value can be influenced by many factors that don't directly affect Electrocore LLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electrocore LLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrocore LLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore LLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.