About this episode
Welcome to the Planet MicroCap Podcast’s Due Diligence series. I’m your host, Robert Kraft. My guest today is Dan Goldberger, CEO of electroCore (NASDAQ: ECOR). electroCore is a commercial-stage neuromodulation company developing a suite of non-invasive vagus nerve stimulation devices—delivering a two-minute therapy session designed to rebalance the autonomic nervous system. Built around its nVNS platform, the company operates across three channels: prescription medical devices for headache and migraine, the fast-growing Truvaga direct-to-consumer wellness brand, and a specialized military and government division built around its ruggedized tac-stim product.
Founded in 2006 as a non-invasive alternative to implanted vagus nerve stimulators, electroCore has evolved into a multi-indication business with seven FDA authorizations for headache, serving major customers like the U.S. Department of Veterans Affairs and the UK’s National Health Service. I invited Dan to the show to discuss all of this, as well as:
How nVNS platform works and the science behind vagus nerve modulation
electroCore’s evolution from implanted alternatives to multi-channel neuromodulation
The prescription business model across the VA, NHS, and managed care
Truvaga’s growth in the wellness market and why awareness is the primary competitor
The tac-stim military program and its role as a meaningful revenue stream
Strategic priorities heading into 2026—profitability, capital allocation, and commercial execution
Challenges around insurance coverage and overcoming the “chicken and egg” problem
The path toward becoming a $150–200 million business and the long-term vision for the platform
For more information about electroCore, please visit: https://www.electrocore.com/
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