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Nexgel, Inc. (NXGL)
:NXGL
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 24, 2025
|% Change Since: -18.12%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights significant revenue growth and successful expansion in contract manufacturing and consumer products. However, challenges such as decreased gross margins, inventory write-offs, and continued losses indicate areas needing improvement. The overall sentiment reflects a company making positive strides but facing ongoing financial challenges.Company Guidance
During the earnings call for NEXGEL's fourth quarter and full year 2024, the company provided extensive guidance and metrics that highlight its financial performance and future expectations. The company reported a 181% increase in fourth-quarter revenue to $3.04 million compared to the same period in 2023, while full-year revenue grew by 112% to $8.69 million. Gross profit for the fourth quarter rose to $1.13 million, yielding a gross margin of 37.2%, although slightly down from the third quarter due to a reclassification of Amazon sales commissions. Despite a net loss of $0.85 million in the fourth quarter, the company noted that this figure included one-time inventory write-offs totaling $243,000. NEXGEL anticipates reaching positive EBITDA in 2025, with Q1 revenue expected to be at least $2.75 million and full-year revenue projected at a minimum of $13 million. The call also highlighted successful partnerships, such as a significant supply agreement with Cintas, which began contributing to revenues in Q4 2024, and the ongoing progress with STADA and Innovative Optics. The company is also focused on expanding its consumer product lines, with new offerings expected in their Medagel, Kenkoderm, and Silly George brands in 2025.Record Revenue Growth
NEXGEL achieved record revenue growth, with a 181% increase in Q4 2024 revenue to $3.04 million compared to $1.08 million in Q4 2023, and a 112% increase in full-year 2024 revenue totaling $8.69 million compared to $4.09 million in 2023.
Successful Contract Manufacturing
Contract manufacturing significantly contributed to growth, driven by increased demand from existing customers and onboarding new global corporations such as Cintas and Owens & Minor.
Expansion of Consumer Products
The consumer products portfolio, including brands like Medagel, Kenkoderm, and Silly George, saw strong growth, with Silly George's revenue growing from $2 million to over $5 million.
Positive Partnership Developments
NEXGEL's partnership with STADA is progressing well, with product Histasolv exceeding projections and a contract amendment signed to expand the relationship.
Innovation and New Product Launches
NEXGEL launched a study on hydrogel efficacy for laser hair removal, with potential regulatory compliance and safety benefits. New product launches are planned for 2025, including expanded lines for Medagel and Kenkoderm.
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NXGL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NXGL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 24, 2025 | $3.09 | $3.03 | -1.94% |
| Nov 13, 2024 | $3.29 | $3.18 | -3.34% |
| Aug 14, 2024 | $2.85 | $2.69 | -5.61% |
| May 13, 2024 | $2.24 | $2.20 | -1.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nexgel, Inc. (NXGL) report earnings?
Nexgel, Inc. (NXGL) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Nexgel, Inc. (NXGL) earnings time?
Nexgel, Inc. (NXGL) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NXGL EPS forecast?
NXGL EPS forecast for the fiscal quarter 2025 (Q1) is -0.1.
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