---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-040614"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T04:55:59.537337+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NEXGEL Q3: record revenue $1.2M (+115% YoY), net loss -$550K, gross margin 28.2%

## Summary
- Revenue $1.2M, up 115% YoY from $568K; growth in contract manufacturing and branded products.
- Gross profit margin 28.2% vs 26.1% YoY, sequentially improved from 15% in Q2 2023.
- Net loss -$550K ($0.10/sh) vs -$1.2M ($0.22/sh) in Q3 2022; improved from -$642K in Q2 2023.
- Operating expenses fell to $956K from $1.185M YoY; cash $3.3M as of Sep 30, 2023.
- New supply agreement with AbbVie (ABBV) for gel pads; Enigma Health retail partnership announced.

## SEC filing metadata
- accession: 0001493152-23-040614
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315223040614/0001493152-23-040614-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315223040614/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-040614
- JSON: https://secwatch.observer/filing/0001493152-23-040614.json
- Plain text: https://secwatch.observer/filing/0001493152-23-040614.txt

## Key facts
- Earnings Releases
  NEXGEL, INC. reported third quarter ended September 30, 2023 results: revenue $1.2 million, EPS $0.10 per basic and diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $1.2 million
  - EPS: $0.10 per basic and diluted share
  - Result: reported results
  source text: shall be expressly set forth by specific reference in such a filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 NEXGEL Reports Record Third Quarter 2023 Revenue of $1.2 Million, an Increase of 115% Year-Over-Year Gross profit margin improved sequentially to 28.2% in Q3 as compared to 15.0% in Q2 LANGHORNE, Pa. – November 13, 2023 – NEXGEL, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000149315223040614/0001493152-23-040614-index.htm

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