NexGel reports preliminary Q2 revenue of $1.4M (+20% YoY); guides Q3 $2.2M, Q4 $2.6M

NEXGEL, INC.

2024-Q2 EPS reported -$0.28 revenue$2,706,000

Preliminary Q2 2024 revenue of $1.4M, up ~20% YoY and ~10% sequentially.
Q3 2024 revenue guidance of $2.2M (+83% YoY); Q4 guidance of $2.6M (+140% YoY).
Growth driven by new contract manufacturing relationships with large global corporations and Silly George Pop-On Lash launch.
Company expects to achieve positive cash flow from operations in H2 2024, with AbbVie revenue not yet included in guidance.

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