v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 16. Segment Reporting

 

Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision-maker (CODM), or decision-making group, in deciding how to allocate resources and in assessing performance. electroCore is a commercial stage bioelectronic technology company whose mission is to improve health and quality of life through innovative non-invasive bioelectronic technologies. The Company views its operations and manages its business as one operating segment: Bioelectronic Innovations. The accounting policies of the Bioelectronic Innovations segment are the same as those described in Note 2. Summary of Significant Accounting Policies.

 

Our CODM is our Chief Executive Officer. The CODM uses loss from operations, as reported on our Consolidated Statements of Operations, in evaluating the performance of the Bioelectronic Innovations segment and in determining how to allocate resources to the Company as a whole, The CODM does not review assets in evaluating the results of the Bioelectronic Innovations segment, and therefore, such information is not presented below.

 

 

ELECTROCORE, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited)

 

The following table provides the non-GAAP operating financial results of the Bioelectronic Innovations segment:

   2025   2024 
   Three months ended March 31, 
   2025   2024 
Net sales *  $6,719   $5,443 
Cost of goods sold   1,013    888 
Gross profit   5,706    4,555 
Operating expenses          
Research and development   642    399 
General and administrative   4,333    3,884 
Sales and marketing   4,553    4,121 
Total operating expenses   9,528    8,404 
Loss from operations   (3,822)   (3,849)
Other (income) expense          
Interest and other income   (83)   (225)
Other expense   164    4 
Total other (income) expense   81    (221)
Loss before income taxes   (3,903)   (3,628)
Benefit from income taxes   48    122 
Net loss  $(3,855)  $(3,506)

 

*See Note 4 Revenue for geographical and disaggregation information.