---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-045238"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:25:16.084062+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-045238
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315224045238/0001493152-24-045238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315224045238/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-045238
- JSON: https://secwatch.observer/filing/0001493152-24-045238.json
- Plain text: https://secwatch.observer/filing/0001493152-24-045238.txt

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