electroCore, Inc. Financial Ratios — ECOR Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-179.61	-99.03	-82.87	-70.2	-46.32	-65.58	-92.19	-65	-71.37
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	51.31	36.1	41.71	51.6	50.3	74.59	81.19	82.51	84.97	86.75
EBITDA Margin (%)	-5,885.31	-3,156.33	-5,487.36	-1,834.16	-683.23	-360.69	-259.29	-113.81	-43.3	-35.83
Operating Margin (%)	-5,906.33	-3,160.31	-5,494.07	-1,844.61	-694.65	-367.69	-266.22	-120.21	-48.3	-41.06
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-6,209.81	-4,440.01	-5,615.88	-1,888.07	-706.04	-331.48	-262.95	-118.65	-47.57	-43.59
Profit Margin (%)	-6,192.44	-4,410.88	-5,621.66	-1,888.81	-672.55	-315.87	-257.94	-117.49	-47.2	-43.6
Net Income to Common Margin (%)	-6,192.44	-4,410.88	-5,621.66	-1,888.81	-672.55	-315.87	-257.94	-117.49	-47.2	-43.6
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	4	- -	- -	2	3	1	1	1	4	9
ST Debt	- -	- -	- -	1	1	- -	- -	- -	- -	- -
LT Debt	4	- -	- -	1	2	1	1	1	4	9
Total Debt/EBITDA	-0.25	- -	- -	-0.05	-0.12	-0.04	-0.03	-0.03	-0.38	-0.82
Net Debt/EBITDA	-0.22	0.52	0.14	0.31	0.12	1.76	0.8	0.57	0.34	0.04
Total Debt/EBIT	-0.24	- -	- -	-0.05	-0.12	-0.04	-0.03	-0.03	-0.34	-0.71
Net Debt/EBIT	-0.22	0.52	0.14	0.31	0.12	1.73	0.77	0.54	0.3	0.03
EBITDA to Interest Expense	-19.39	-3.6	- -	- -	- -	- -	- -	- -	-28.03	-19.45
EBITDA-CapEx/Interest Expense	-19.39	-3.62	- -	- -	- -	- -	- -	- -	-28.03	-19.57
EBIT to Interest Expense	-19.46	-3.6	- -	- -	- -	- -	- -	- -	-31.26	-22.29
Interest Expense	1	7	- -	- -	- -	- -	- -	- -	- -	1
Common Equity/Total Assets	-11,220.66	-287.38	-52.11	-235.32	-339.31	-289.97	-591.23	-1,025.95	-865.04	-1,023.45
Long-Term Debt/Equity (%)	- -	- -	- -	5.7	8.39	1.91	3.66	7.22	50.04	- -
Long-Term Debt/Capital (%)	-5.58	- -	- -	-1.76	-1.92	-0.57	-0.43	-0.33	-2.18	-4.97
Long-Term Debt/Total Assets (%)	589.37	- -	- -	4	6.29	1.63	2.52	3.33	18.44	48.36
Total Debt/Equity (%)	-6	- -	- -	8.11	11.97	2.08	4.09	8.41	54.83	-550.2
Total Debt/Capital (%)	-5.58	- -	- -	-2.5	-2.73	-0.62	-0.48	-0.38	-2.39	-5.18
Total Debt/Total Assets (%)	589.37	- -	- -	5.69	8.98	1.78	2.82	3.89	20.2	50.37
Net Debt to Equity	-5.32	14.78	-11.48	-54.03	-11.98	-94.65	-103.66	-138.82	-49.05	25.04
Net Debt/Capital (%)	-4.91	10.55	16.79	14.26	2.63	21.94	10.84	5.91	2.09	0.23
EBITDA	-15	-26	-54	-44	-24	-20	-22	-18	-11	-11
EBITDA-CapEx	-15	-26	-55	-44	-24	-20	-22	-18	-11	-12
Operating Income (Loss)	-15	-26	-55	-44	-24	-20	-23	-19	-12	-13

Liquidity (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.1	6.07	9.69	2.63	3.84	6.32	2.51	1.27	1.34	1.02
Current Ratio	0.12	6.38	10.28	2.9	4.26	6.84	3.01	1.76	1.78	1.38
Quick Ratio	0.11	6.09	9.73	2.69	3.89	6.4	2.57	1.36	1.48	1.11
CFO/Avg Current Liab	- -	-4.94	-7.14	-5.56	-2.67	-2.4	-2.66	-1.93	-0.8	-0.8
Common Equity/Total Assets	-11,220.66	-287.38	-52.11	-235.32	-339.31	-289.97	-591.23	-1,025.95	-865.04	-1,023.45
Long-Term Debt/Equity (%)	- -	- -	- -	5.7	8.39	1.91	3.66	7.22	50.04	- -
Long-Term Debt/Capital (%)	-5.58	- -	- -	-1.76	-1.92	-0.57	-0.43	-0.33	-2.18	-4.97
Long-Term Debt/Total Assets (%)	589.37	- -	- -	4	6.29	1.63	2.52	3.33	18.44	48.36
Total Debt/Equity (%)	-6	- -	- -	8.11	11.97	2.08	4.09	8.41	54.83	-550.2
Total Debt/Capital (%)	-5.58	- -	- -	-2.5	-2.73	-0.62	-0.48	-0.38	-2.39	-5.18
Total Debt/Total Assets (%)	589.37	- -	- -	5.69	8.98	1.78	2.82	3.89	20.2	50.37
CFO/Total Liabilities	-21.44	-19.68	-643.7	-426.58	-254.66	-220.32	-217.01	-169.38	-53.75	-40.18
CFO/CapEx	- -	-166.07	-168.9	-646.81	- -	- -	- -	-71.2	- -	-124.05
Altman's Z-Score	-312.89	-6.59	12.92	-4.09	-1.82	-1.23	-8.87	-14.58	-6.79	-13.54

Working Capital (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	12.69	5.36	6.26	9.12	15.39	20.48	28.68	24.17	26.76
Days Sales Outstanding	- -	28.77	68.15	58.31	40.02	23.72	17.82	12.73	15.1	13.64
Inventory Turnover	- -	2.76	0.51	0.81	1.94	1.24	0.97	1.36	1.97	2.57
Days Inventory Outstanding	- -	132.43	718.09	451.23	187.76	294.82	376.86	269.19	184.96	142.21
Accounts Payable Turnover	- -	0.52	1.24	0.03	0.47	1.24	1.45	1.39	1.65	1.85
Accounts Payable Turnover Days	- -	704.86	293.55	12,155.52	781.07	294.48	250.89	262.15	220.59	197.28
Cash Conversion Cycle	- -	-543.67	492.69	-11,645.98	-553.28	24.07	143.79	19.78	-20.53	-41.43
Inventory to Cash Days	- -	-103.66	-649.93	-392.92	-147.73	-271.1	-359.04	-256.47	-169.86	-128.57
Inventories	- -	- -	2	1	1	1	2	2	2	2
Raw Materials	- -	- -	1	- -	- -	1	1	1	1	1
Work In Process	- -	- -	1	- -	- -	4	1	2	- -	- -
Finished Goods	- -	- -	- -	1	- -	- -	- -	- -	1	- -
Other Inventory	- -	- -	- -	- -	- -	- -	2	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	183	47	61	34	18	33	121	38
- Cash & Cash Equivalents	- -	13	8	14	4	35	18	10	4	7
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	1	1	1	1	- -	- -	- -	- -	- -
+ Total Debt	4	- -	- -	2	3	1	1	1	4	9
Enterprise Value	4	-37	115	25	42	1	1	23	113	36
Total Capital	-66	-112	-38	-81	-103	-123	-146	-165	-173	-182
Total Debt/Capital (%)	-5.58	- -	- -	-2.5	-2.73	-0.62	-0.48	-0.38	-2.39	-5.18
Total Debt / EV	1	- -	- -	0.08	0.07	1.38	0.57	0.03	0.04	0.26
EV/Sales	14.36	- -	116.07	10.59	11.92	0.1	0.14	1.44	4.5	1.12
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	183	47	61	34	18	33	121	38
Diluted Enterprise Value	4	-13	176	36	60	1	1	23	122	40
EV per Share	0.36	- -	59.08	12.92	16.03	0.14	0.26	4.19	15.13	4.23
TTM Sales	- -	1	1	2	3	5	9	16	25	32
TTM EBITDA	-15	-26	-54	-44	-24	-20	-22	-18	-11	-11
TTM Operating Income	-15	-26	-55	-44	-24	-20	-23	-19	-12	-13
TTM Cash Flow to Firm	-12	-18	-47	-45	-20	-14	-17	-15	-7	-8
TTM Free Cash Flow to Firm	-12	-18	-47	-45	-20	-14	-17	-14	-7	-8

Multiples (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	-3.91	-1.04	-3.03	-2.53	-1.1	-2.27	-17.46	-4.69
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	4	-37	115	25	42	1	1	23	113	36
Low Price	- -	- -	62.4	17.4	4.8	8.6	2.93	3.1	5.32	4.16
EV/Sales	14.36	- -	116.07	10.59	11.92	0.1	0.14	1.44	4.5	1.12
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-6.29	-2.42	-2.19	-5.02	-1.56	-1.52	-4.86	-4.63
Price/Earnings High	- -	- -	-10.62	-6.67	-5.47	-12.48	-3.14	-2.2	-11.26	-11.84
Price/Earnings Low	- -	- -	-2.18	-0.75	-0.53	-1.97	-0.62	-0.91	-3.35	-2.53
Price/Book Value	- -	- -	-4.78	-0.56	-0.57	-0.28	-0.12	-0.2	-0.68	-0.2
Price/Book Value Average	- -	- -	-9.16	-1.31	-0.48	-0.7	-0.24	-0.17	-0.33	-0.34
Price/Book Value High	- -	- -	-15.47	-3.61	-1.2	-1.73	-0.47	-0.25	-0.76	-0.87
Price/Book Value Low	- -	- -	-3.18	-0.41	-0.12	-0.27	-0.09	-0.1	-0.22	-0.18
Price/Tangible Book Value	- -	- -	2.77	1.88	2.57	0.94	1.07	4.41	16.08	-22.29
Price/Tangible Book Value Average	- -	- -	5.3	4.39	2.18	2.36	2.02	3.85	7.66	-37.85
Price/Tangible Book Value High	- -	- -	8.95	12.09	5.44	5.86	4.07	5.56	17.75	-96.74
Price/Tangible Book Value Low	- -	- -	1.84	1.37	0.53	0.93	0.81	2.3	5.28	-20.65
Price/Sales	- -	- -	184.48	19.54	17.4	6.33	2.12	2.05	4.82	1.19
Price/Sales Average	- -	- -	353.4	45.69	14.72	15.85	4.02	1.79	2.29	2.02
Price/Sales High	- -	- -	596.76	125.93	36.81	39.41	8.09	2.58	5.32	5.16
Price/Sales Low	- -	- -	122.59	14.26	3.57	6.22	1.61	1.07	1.58	1.1
Price/Cash Flow	- -	- -	-3.89	-1.04	-3.03	-2.53	-1.1	-2.24	-17.46	-4.65
Price/Cash Flow Average	- -	- -	-7.45	-2.42	-2.57	-6.34	-2.07	-1.95	-8.31	-7.9
Price/Cash Flow High	- -	- -	-12.58	-6.68	-6.42	-15.76	-4.17	-2.82	-19.27	-20.19
Price/Cash Flow Low	- -	- -	-2.58	-0.76	-0.62	-2.49	-0.83	-1.17	-5.73	-4.31
Price/Free Cash Flow Average	- -	- -	-7.49	-2.43	-2.57	-6.34	-2.07	-1.98	-8.31	-7.97
Price/Free Cash Flow High	- -	- -	-12.65	-6.69	-6.42	-15.76	-4.17	-2.86	-19.27	-20.36
Price/Free Cash Flow Low	- -	- -	-2.6	-0.76	-0.62	-2.49	-0.83	-1.18	-5.73	-4.35
EV/Sales Average	14.36	- -	346.38	41.12	14.5	9.63	2.04	1.18	2.31	2.09
EV/Sales High	14.36	- -	589.75	121.37	36.59	33.18	6.11	1.97	5.33	5.24
EV/Sales Low	14.36	- -	115.58	9.69	3.35	- -	- -	0.46	1.6	1.18
EV/EBITDA Average	-0.24	0.49	-6.31	-2.24	-2.12	-2.67	-0.79	-1.04	-5.34	-5.84
EV/EBITDA High	-0.24	0.49	-10.75	-6.62	-5.36	-9.2	-2.36	-1.74	-12.32	-14.61
EV/EBITDA Low	-0.24	0.49	-2.11	-0.53	-0.49	- -	0.14	-0.41	-3.69	-3.28
EV/EBIT Average	-0.24	0.49	-6.3	-2.23	-2.09	-2.62	-0.77	-0.98	-4.78	-5.1
EV/EBIT High	-0.24	0.49	-10.73	-6.58	-5.27	-9.02	-2.29	-1.64	-11.04	-12.75
EV/EBIT Low	-0.24	0.49	-2.1	-0.53	-0.48	- -	0.14	-0.38	-3.31	-2.86
Last Price	- -	- -	93.9	23.85	23.4	8.74	3.86	5.95	16.21	4.49
High Price	- -	- -	303.75	153.68	49.5	54.45	14.7	7.5	17.89	19.49
Enterprise Value Average	4	-13	344	98	51	52	18	19	58	67
Enterprise Value High	4	-13	586	290	128	181	52	32	134	168
Enterprise Value Low	4	-13	115	23	12	- -	-3	7	40	38

Shares Outstanding	2	2	2	2	3	5	5	6	7	8
Diluted Weighted Avg Shares	10	26	2	2	3	4	5	6	7	8
Basic Weighted Avg Shares	10	26	2	2	3	4	5	6	7	8
Revenue per Share	0.03	0.03	0.51	1.22	1.34	1.38	1.82	2.91	3.37	3.78
EBITDA per Share	-1.49	-0.97	-27.93	-22.38	-9.19	-4.98	-4.71	-3.31	-1.46	-1.35
Operating Income per Share	-1.5	-0.97	-27.96	-22.51	-9.34	-5.08	-4.84	-3.49	-1.63	-1.55
Basic EPS, GAAP	-1.57	-1.36	-28.61	-23.05	-9.04	-4.36	-4.69	-3.42	-1.59	-1.65
Basic EPS from Cont Ops	-1.57	-1.37	-28.59	-23.05	-9.04	-4.36	-4.69	-3.42	-1.59	-1.65
Diluted EPS, GAAP	-1.57	-1.36	-28.61	-23.05	-9.04	-4.36	-4.69	-3.42	-1.59	-1.65
Diluted EPS from Cont Ops	-1.57	-1.37	-28.59	-23.05	-9.04	-4.36	-4.69	-3.42	-1.59	-1.65
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-1.32	-0.96	-24.15	-23.01	-7.71	-3.45	-3.52	-2.66	-0.93	-0.97
Free Cash Flow per Basic Share	-1.32	-0.97	-24.29	-23.04	-7.71	-3.45	-3.52	-2.7	-0.93	-0.97
Cash & Equivalents per Share	0.04	1.41	35.15	12.28	8.7	8.79	3.75	1.87	1.63	1.37
Book Value per Share	-6.95	-4.28	-19.63	-42.61	-41.13	-31.48	-30.97	-29.95	-23.66	-22.52
Tangible Book Value per Share	-6.08	-3.4	33.93	12.71	9.09	9.29	3.61	1.35	1.01	-0.2

electroCore, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)