Earnings Call Summary | ElectroCore(ECOR.US) Q1 2024 Earnings Conference
Earnings Call Summary | ElectroCore(ECOR.US) Q1 2024 Earnings Conference
The following is a summary of the ElectroCore, Inc. (ECOR) Q1 2024 Earnings Call Transcript:
以下是ElectroCore, Inc.（ECOR）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
ElectroCore reported a sixth consecutive record revenue quarter of $5.4 million for Q1 2024, a 96% increase year-over-year.
The company's five-year compound annual growth rate exceeded 67% from Q1 2019 through Q1 2024.
Gross margin was reported at 84% for the period.
Sales in the VA channel saw a significant increase, growing 127% to $3.9 million in Q1 2024.
Both Truvega and TAC-STIM brands saw increased sales year-on-year.
ElectroCore报告称，2024年第一季度收入连续第六个季度创下创纪录的540万美元，同比增长96％。
从2019年第一季度到2024年第一季度，该公司的五年复合年增长率超过67％。
据报道，该期间的毛利率为84％。
弗吉尼亚州渠道的销售额大幅增长，2024年第一季度增长了127％，达到390万美元。
Truvega和TAC-STIM品牌的销售额均同比增长。
Business Progress:
业务进展：
Last year, ElectroCore successfully launched two new non-prescription product lines: Truvega and TAC-STIM, both exceeding initial sales expectations.
The expansion of the company's presence in the VA Hospital System proved successful, with an increase in the number of VA facilities purchasing ElectroCore's products.
Strategic partnerships with Joerns Healthcare and Lovell Government Services are expected to bring increased revenue growth in H2 2024.
The company anticipates launching a second-generation product 'TAC-STIM Black' and continues to invest in several clinical trials.
ElectroCore's future plans include prescription gammaCore label extensions, expansion of distribution channels including online, and deeper reach within each VA facility.
去年，ElectroCore成功推出了两条新的非处方产品系列：Truvega和TAC-STIM，均超过了最初的销售预期。
事实证明，该公司在弗吉尼亚州医院系统中的业务扩张是成功的，购买ElectroCore产品的弗吉尼亚州机构数量有所增加。
与Joerns Healthcare和洛弗尔政府服务的战略合作伙伴关系预计将在2024年下半年带来收入增长。
该公司预计将推出第二代产品 “TAC-STIM Black”，并继续投资多项临床试验。
ElectroCore的未来计划包括延长处方药的GammaCore标签，扩大分销渠道（包括在线渠道），以及在弗吉尼亚州每个设施内扩大影响力。
More details: electroCore IR
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