---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-021742"
form_type: "8-K"
ticker: "NXGL"
cik: "0001468929"
company_name: "NEXGEL, INC."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:04:41.943762+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NEXGEL Q3 revenue flat at $2.93M; net loss narrows to $0.65M

## Summary
- Net revenue $2.93M, virtually unchanged from $2.94M in Q3 2024.
- Gross margin improved to 42.4% vs 39.3% YoY; gross profit $1.24M.
- Net loss attributable to stockholders $0.65M vs $0.69M YoY.
- Adjusted EBITDA loss $0.35M, same as Q3 2024; EBITDA loss $0.55M.
- Cash + restricted cash ~$1.86M; includes $1M non-dilutive STADA capital.

## SEC filing metadata
- accession: 0001493152-25-021742
- form_type: 8-K
- ticker: NXGL
- cik: 0001468929
- company_name: NEXGEL, INC.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468929/000149315225021742/0001493152-25-021742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468929/000149315225021742/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-021742
- JSON: https://secwatch.observer/filing/0001493152-25-021742.json
- Plain text: https://secwatch.observer/filing/0001493152-25-021742.txt

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