NEXGEL Q3 revenue record $2.94M (+141% YoY); gross margin expands to 43.6%

NEXGEL, INC.

2024-Q3 EPS reported -$0.39 revenue$5,647,000

Net loss widened to $754K vs $552K Q3 2023, but improved from $979K Q2 2024; adjusted EBITDA loss narrowed to $347K.
Branded consumer products and contract manufacturing each grew ~100% sequentially.
Cash at Sep 30 was $1.1M; subsequent $2M registered direct offering closed for working capital and inventory.
First SilverSeal orders to Cintas expected in Q4; management guides continued revenue growth and narrowing adjusted EBITDA loss.
Q3 gross profit margin 43.6% vs 28.2% YoY and 28.5% Q2 2024, driven by branded product sales.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.