ElectroCore rises on upbeat preliminary results

electroCore,.

17/01/2023 17:39

** Shares of medical device maker electroCore Inc  ECOR.O 
rise 22.5% to $0.37
    ** Company expects to report preliminary full-year 2022
revenue of ~$8.5 mln vs analysts' est. of $8.2 mln - Refinitiv
IBES data
    ** Also anticipates preliminary Q4 revenue of $2.5 mln vs
analysts' est. of $2.2 mln - Refinitiv
    ** ECOR ended 2022 with ~$18.0 mln in cash and cash
equivalents; it had ~$21.9 mln as of Sept. 30
    ** Stock lost ~56% in 2022
 (Reporting by Sriparna Roy)
 ((Sriparna.Roy@thomsonreuters.com))