Electrocore Other Operating Expenses vs Research Development Analysis

ECOR Stock

USD 7.00 0.34 4.63%

Electrocore LLC financial indicator trend analysis is much more than just examining Electrocore LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrocore LLC is a good investment. Please check the relationship between Electrocore LLC Other Operating Expenses and its Research Development accounts. 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.

Other Operating Expenses vs Research Development

Other Operating Expenses vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrocore LLC Other Operating Expenses account and Research Development. At this time, the significance of the direction appears to have very week relationship.

The correlation between Electrocore LLC's Other Operating Expenses and Research Development is 0.25. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Research Development in the same time period over historical financial statements of Electrocore LLC, assuming nothing else is changed. The correlation between historical values of Electrocore LLC's Other Operating Expenses and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Electrocore LLC are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Other Operating Expenses i.e., Electrocore LLC's Other Operating Expenses and Research Development go up and down completely randomly.

Correlation Coefficient

0.25

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Research Development

Most indicators from Electrocore LLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.As of 05/18/2024, Selling General Administrative is likely to drop to about 24.1 M. In addition to that, Tax Provision is likely to drop to about (206.8 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

Gross Profit Total Revenue

Electrocore LLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.62	0.69	0.67	0.76	0.32	0.74	0.52	-0.66	0.14	0.09	0.61	0.45	0.42	0.2	-0.84	0.97	0.53	-0.64	-0.28	-0.84	-0.45	0.66	0.69	0.89	-0.67
Short Long Term Debt Total	-0.62		-0.9	-0.79	-0.68	-0.79	-0.71	-0.61	0.85	0.58	0.07	-0.84	-0.46	-0.34	-0.56	0.83	-0.54	-0.87	0.77	0.3	0.83	0.6	-0.82	-0.88	-0.75	0.1
Other Current Liab	0.69	-0.9		0.79	0.53	0.57	0.56	0.46	-0.72	-0.53	-0.17	0.67	0.28	0.19	0.5	-0.87	0.65	0.77	-0.58	-0.02	-0.87	-0.35	0.71	0.83	0.74	-0.23
Total Current Liabilities	0.67	-0.79	0.79		0.72	0.72	0.74	0.85	-0.58	-0.25	0.43	0.54	0.64	0.55	0.55	-0.85	0.5	0.88	-0.78	-0.4	-0.85	-0.62	0.8	0.79	0.77	-0.22
Total Stockholder Equity	0.76	-0.68	0.53	0.72		0.67	1.0	0.71	-0.61	0.09	0.33	0.59	0.68	0.63	0.51	-0.76	0.65	0.77	-0.96	-0.81	-0.76	-0.92	0.9	0.85	0.8	-0.49
Other Liab	0.32	-0.79	0.57	0.72	0.67		0.7	0.79	-0.62	-0.57	0.17	0.65	0.79	0.68	0.78	-0.68	0.15	0.87	-0.84	-0.55	-0.68	-0.76	0.84	0.69	0.39	0.26
Net Tangible Assets	0.74	-0.71	0.56	0.74	1.0	0.7		0.71	-0.61	0.04	0.31	0.59	0.67	0.6	0.55	-0.76	0.64	0.8	-0.97	-0.81	-0.76	-0.93	0.91	0.87	0.8	-0.47
Property Plant And Equipment Net	0.52	-0.61	0.46	0.85	0.71	0.79	0.71		-0.57	-0.11	0.63	0.58	0.89	0.84	0.43	-0.72	0.29	0.8	-0.78	-0.56	-0.72	-0.69	0.76	0.56	0.57	0.02
Net Debt	-0.66	0.85	-0.72	-0.58	-0.61	-0.62	-0.61	-0.57		0.38	0.1	-0.99	-0.49	-0.44	-0.21	0.78	-0.59	-0.7	0.62	0.2	0.78	0.45	-0.71	-0.68	-0.69	0.05
Retained Earnings	0.14	0.58	-0.53	-0.25	0.09	-0.57	0.04	-0.11	0.38		0.48	-0.4	-0.1	0.02	-0.55	0.28	0.15	-0.4	0.13	-0.27	0.28	0.0	-0.25	-0.27	0.07	-0.6
Accounts Payable	0.09	0.07	-0.17	0.43	0.33	0.17	0.31	0.63	0.1	0.48		-0.1	0.44	0.47	-0.07	-0.06	-0.11	0.26	-0.31	-0.54	-0.06	-0.4	0.18	0.06	0.24	-0.13
Cash	0.61	-0.84	0.67	0.54	0.59	0.65	0.59	0.58	-0.99	-0.4	-0.1		0.51	0.45	0.21	-0.74	0.53	0.68	-0.62	-0.22	-0.74	-0.46	0.69	0.63	0.64	0.01
Non Current Assets Total	0.45	-0.46	0.28	0.64	0.68	0.79	0.67	0.89	-0.49	-0.1	0.44	0.51		0.97	0.55	-0.66	0.24	0.64	-0.75	-0.58	-0.66	-0.68	0.73	0.43	0.33	0.13
Non Currrent Assets Other	0.42	-0.34	0.19	0.55	0.63	0.68	0.6	0.84	-0.44	0.02	0.47	0.45	0.97		0.45	-0.61	0.21	0.56	-0.67	-0.56	-0.61	-0.61	0.69	0.35	0.26	0.13
Other Assets	0.2	-0.56	0.5	0.55	0.51	0.78	0.55	0.43	-0.21	-0.55	-0.07	0.21	0.55	0.45		-0.55	0.13	0.63	-0.68	-0.42	-0.55	-0.61	0.69	0.62	0.18	0.12
Long Term Debt	-0.84	0.83	-0.87	-0.85	-0.76	-0.68	-0.76	-0.72	0.78	0.28	-0.06	-0.74	-0.66	-0.61	-0.55		-0.74	-0.82	0.78	0.29	1.0	0.55	-0.89	-0.82	-0.76	0.26
Cash And Short Term Investments	0.97	-0.54	0.65	0.5	0.65	0.15	0.64	0.29	-0.59	0.15	-0.11	0.53	0.24	0.21	0.13	-0.74		0.38	-0.51	-0.15	-0.74	-0.32	0.54	0.62	0.83	-0.75
Net Receivables	0.53	-0.87	0.77	0.88	0.77	0.87	0.8	0.8	-0.7	-0.4	0.26	0.68	0.64	0.56	0.63	-0.82	0.38		-0.87	-0.54	-0.82	-0.76	0.92	0.88	0.68	-0.06
Common Stock Total Equity	-0.64	0.77	-0.58	-0.78	-0.96	-0.84	-0.97	-0.78	0.62	0.13	-0.31	-0.62	-0.75	-0.67	-0.68	0.78	-0.51	-0.87		0.8	0.78	0.95	-0.95	-0.88	-0.71	0.28
Common Stock Shares Outstanding	-0.28	0.3	-0.02	-0.4	-0.81	-0.55	-0.81	-0.56	0.2	-0.27	-0.54	-0.22	-0.58	-0.56	-0.42	0.29	-0.15	-0.54	0.8		0.29	0.94	-0.64	-0.55	-0.41	0.29
Long Term Debt Total	-0.84	0.83	-0.87	-0.85	-0.76	-0.68	-0.76	-0.72	0.78	0.28	-0.06	-0.74	-0.66	-0.61	-0.55	1.0	-0.74	-0.82	0.78	0.29		0.55	-0.89	-0.82	-0.76	0.26
Non Current Liabilities Total	-0.45	0.6	-0.35	-0.62	-0.92	-0.76	-0.93	-0.69	0.45	0.0	-0.4	-0.46	-0.68	-0.61	-0.61	0.55	-0.32	-0.76	0.95	0.94	0.55		-0.84	-0.77	-0.58	0.26
Capital Surpluse	0.66	-0.82	0.71	0.8	0.9	0.84	0.91	0.76	-0.71	-0.25	0.18	0.69	0.73	0.69	0.69	-0.89	0.54	0.92	-0.95	-0.64	-0.89	-0.84		0.91	0.69	-0.2
Inventory	0.69	-0.88	0.83	0.79	0.85	0.69	0.87	0.56	-0.68	-0.27	0.06	0.63	0.43	0.35	0.62	-0.82	0.62	0.88	-0.88	-0.55	-0.82	-0.77	0.91		0.82	-0.41
Other Current Assets	0.89	-0.75	0.74	0.77	0.8	0.39	0.8	0.57	-0.69	0.07	0.24	0.64	0.33	0.26	0.18	-0.76	0.83	0.68	-0.71	-0.41	-0.76	-0.58	0.69	0.82		-0.67
Other Stockholder Equity	-0.67	0.1	-0.23	-0.22	-0.49	0.26	-0.47	0.02	0.05	-0.6	-0.13	0.01	0.13	0.13	0.12	0.26	-0.75	-0.06	0.28	0.29	0.26	0.26	-0.2	-0.41	-0.67

Click cells to compare fundamentals

Electrocore LLC Account Relationship Matchups

Electrocore LLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	36.1M	31.5M	42.8M	24.8M	16.4M	26.5M
Other Current Liab	3.3M	2.8M	3.9M	4.7M	5.6M	4.4M
Total Current Liabilities	9.1M	5.9M	5.5M	7.0M	8.1M	7.3M
Total Stockholder Equity	24.9M	23.6M	36.6M	17.1M	7.4M	7.8M
Net Tangible Assets	23.2M	23.0M	36.1M	16.3M	18.8M	19.7M
Property Plant And Equipment Net	1.8M	761.3K	759.8K	615K	706K	717.2K
Net Debt	(11.5M)	(1.2M)	(33.9M)	(17.0M)	(10.0M)	(10.5M)
Retained Earnings	(83.5M)	(107.0M)	(124.2M)	(146.4M)	(165.2M)	(173.5M)
Accounts Payable	5.2M	2.1M	1.5M	2.1M	2.2M	1.9M
Cash	13.6M	4.2M	34.7M	17.7M	10.6M	14.0M
Non Current Assets Total	8.9M	8.9M	5.3M	3.6M	2.1M	4.1M
Non Currrent Assets Other	7.2M	7.3M	4.1M	3.0M	1.1M	1.0M
Other Assets	635.9K	4.9M	(10.0)	3.5M	4.0M	4.2M
Cash And Short Term Investments	13.6M	22.6M	34.7M	17.7M	10.6M	20.5M
Net Receivables	496.1K	270.5K	438.2K	401K	717K	373.8K
Common Stock Total Equity	40.2M	29.5K	29.8K	45.6K	41.0K	39.0K
Common Stock Shares Outstanding	2.0M	2.6M	3.9M	4.7M	5.5M	5.7M
Liabilities And Stockholders Equity	36.1M	31.5M	42.8M	24.8M	16.4M	26.5M
Non Current Liabilities Total	1.4M	2.0M	699.5K	625K	822K	780.9K
Capital Surpluse	22.6M	103.8M	107.8M	130.2M	149.7M	81.9M
Inventory	891.0K	841.6K	1.4M	2.0M	2.2M	1.3M
Other Current Assets	1.1M	34.8K	1.1M	828K	836K	872.4K
Other Stockholder Equity	108.4M	130.8M	160.8M	163.5M	172.7M	181.3M
Total Liab	10.6M	7.9M	6.2M	7.7M	8.9M	8.5M
Property Plant And Equipment Gross	1.8M	244.0K	759.8K	615K	706K	646.1K
Total Current Assets	26.5M	22.6M	37.5M	21.2M	14.3M	23.4M
Accumulated Other Comprehensive Income	(41.3K)	(251.5K)	12.7K	(69K)	(64K)	(60.8K)
Common Stock	29.8K	45.6K	70.7K	5K	6K	5.7K
Property Plant Equipment	1.8M	244.0K	759.8K	615K	707.3K	627.4K
Net Invested Capital	24.4M	24.6M	36.6M	17.1M	7.4M	13.5M
Net Working Capital	17.4M	19.2M	32.1M	14.1M	6.2M	5.9M
Capital Stock	29.8K	45.6K	70.7K	5K	6K	5.7K

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Electrocore LLC is a strong investment it is important to analyze Electrocore LLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electrocore LLC's future performance. For an informed investment choice regarding Electrocore Stock, refer to the following important reports:

How To Invest In Electrocore

Details

Is Electrocore Stock a good investment?

Details

What is Electrocore LLC's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

View

Largest Health Care Equipment & Services Companies

View

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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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.

	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences
	Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges
	Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
	Stocks Directory Find actively traded stocks across global markets
	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Electrocore Other Operating Expenses vs Research Development Analysis

Other Operating Expenses vs Research Development

Other Operating Expenses vs Research Development Correlation Analysis

Correlation Coefficient

Other Operating Expenses

Research Development

Electrocore LLC fundamental ratios Correlations

Electrocore LLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Electrocore LLC fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Electrocore Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Long Term Debt Total	+ 1.0	Long Term Debt
Cash And Short Term Investments	+ 0.97	Total Assets
Non Currrent Assets Other	+ 0.97	Non Current Assets Total
Non Current Liabilities Total	+ 0.95	Common Stock Total Equity
Non Current Liabilities Total	+ 0.94	Common Stock Shares Outstanding

Cash	- 0.99	Net Debt
Common Stock Total Equity	- 0.97	Net Tangible Assets
Common Stock Total Equity	- 0.96	Total Stockholder Equity
Capital Surpluse	- 0.95	Common Stock Total Equity
Non Current Liabilities Total	- 0.93	Net Tangible Assets
Non Current Liabilities Total	- 0.92	Total Stockholder Equity