---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-028683"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T10:44:55.930826+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NexGel Q2 revenue $1.17M (+108% YoY), net loss improved to $0.13/sh

## Summary
- Revenue $1.17M (+108% YoY), exceeding projections; contract manufacturing +174% YoY.
- Net loss improved to $687k ($0.13/sh) from $1M loss ($0.19/sh) in Q2 2022.
- Gross profit $175k (15% margin) vs $101k (18%) in prior-year quarter.
- Cash and equivalents $4.3M as of March 31, 2023; invested in inventory and capex for H2 demand.
- New JV with C.G. Laboratories, strategic relationship with Enigma Health, and new supply agreement.

## SEC filing metadata
- accession: 0001493152-23-028683
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315223028683/0001493152-23-028683-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315223028683/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-028683
- JSON: https://secwatch.observer/filing/0001493152-23-028683.json
- Plain text: https://secwatch.observer/filing/0001493152-23-028683.txt

## Key facts
- Earnings Releases
  NEXGEL, INC. reported the quarter ended June 30, 2023 results: revenue $1.17 million, net income $687 thousand or $0.13 per basic and diluted share, EPS $0.13 per basic and diluted share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $1.17 million
  - Net income: $687 thousand or $0.13 per basic and diluted share
  - EPS: $0.13 per basic and diluted share
  - Result: reported results
  source text: For the second quarter of 2023, revenue totaled $1.17 million, an increase of $606 thousand or 108%, as compared to $561 thousand for the same period the year prior.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000149315223028683/0001493152-23-028683-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.