---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-032340"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:17:59.010735+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NEXGEL reports record Q2 revenue of $1.44M, net loss widens to $979K

## Summary
- Record Q2 revenue $1.44M, up 23.4% YoY; gross margin improved to 28.5% from 15.0%.
- Net loss $979K vs $642K YoY; SG&A up 57.4% due to marketing for Kenkoderm and Silly George.
- Issued Q3 guidance $2.2M (+83% YoY) and Q4 $2.6M (+140% YoY).
- Closed $1.11M insider-led registered direct offering for working capital to meet Silly George demand.
- Cash balance $1.1M as of June 30, 2024; believes sufficient to operate into 2025.

## SEC filing metadata
- accession: 0001493152-24-032340
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1468929/000149315224032340/0001493152-24-032340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315224032340/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-032340
- JSON: https://secwatch.observer/filing/0001493152-24-032340.json
- Plain text: https://secwatch.observer/filing/0001493152-24-032340.txt

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