---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012173"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:30:16.175281+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NEXGEL reports FY2023 revenue $4.1M (+99.7% YoY); net loss narrows to $3.2M

## Summary
- Revenue $4.1M for FY2023, up 99.7% YoY; Q4 revenue $1.1M, up 110% YoY.
- Net loss $3.2M vs $4.7M prior year; gross profit margin improved to 15.2% from 12.5%.
- Ended FY2023 with $2.7M cash; subsequent $1M insider-led direct offering closed.
- Q1 2024 revenue guided to ~$1.25M, excluding $176K AbbVie deposit.
- Key operational milestones: JV with CG Converting, AbbVie gel pad supply agreement, Kenkoderm acquisition.

## SEC filing metadata
- accession: 0001493152-24-012173
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315224012173/0001493152-24-012173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315224012173/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012173
- JSON: https://secwatch.observer/filing/0001493152-24-012173.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012173.txt

## Key facts
- Earnings Releases
  NEXGEL, INC. reported the fourth quarter and year ended December 31, 2023 results: revenue $4.1 million, net income Net loss for the year ended December 31, 2023, was $3.2 million.
  - Period: the fourth quarter and year ended December 31, 2023
  - Revenue: $4.1 million
  - Net income: Net loss for the year ended December 31, 2023, was $3.2 million
  - Result: reported results
  source text: NEXGEL Reports Full Year 2023 Revenue of $4.1 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468929/000149315224012173/0001493152-24-012173-index.htm

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