NexGel Q1 revenue $2.81M (+121% YoY); gross margin expands to 42.4% from 12.6%

NEXGEL, INC.

2025-Q1 EPS reported -$0.09 revenue$2,806,000

Revenue $2.81M, up 121% YoY from $1.27M; guided Q1 slightly above prior outlook.
Gross profit margin 42.4% vs 12.6% in Q1 2024 and 37.2% in Q4 2024.
Net loss narrowed to $0.71M from $0.85M YoY; EBITDA loss also improved to $0.54M.
Reaffirms 2025 revenue guidance of $13M and target of positive EBITDA in 2025.
CEO cites growth in contract manufacturing (Cintas) and consumer branded products; new launches ahead.

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