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NexGel Inc (NXGL)
NASDAQ:NXGL
Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.19Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2022
|% Change Since: -0.91%
|Next Earnings Date:Mar 21, 2022
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with record revenue growth, improved gross profit margins, and successful strategic initiatives. However, the company faced increased costs and SG&A expenses, resulting in a net loss. Overall, the positive growth metrics and strategic achievements outweigh the challenges.Company Guidance
During the third quarter of 2024, NEXGEL reported a record performance across key financial metrics. The company's revenue surged by 141% year-over-year to $2.94 million, with a sequential increase of 104%. Gross profit margins improved significantly to 43.6%, compared to 28.2% in the same period the previous year. Branded consumer revenue grew by 99% sequentially, while contract manufacturing revenue increased by approximately 103%. The company's adjusted EBITDA loss narrowed from $788,000 in Q2 2024 to $347,000 in Q3 2024, indicating progress towards becoming cash flow positive. The Silly George brand, acquired six months prior, contributed to a substantial increase in revenue, with a current run rate of $5 million heading into the holiday season. NEXGEL also completed the expansion of its Texas facility, which helped normalize contract manufacturing revenue, increasing it from $425,000 in Q2 to $864,000 in Q3. The company expects continued growth in Q4 2024, with anticipated revenue exceeding $3 million.Record Revenue Growth
Revenue for the third quarter totaled $2.94 million, an increase of 141% year-over-year and 104% sequentially.
Gross Profit Margin Improvement
Gross profit margins improved significantly to 43.6% from 28.2% year-over-year and 28.5% sequentially.
Branded Consumer and Contract Manufacturing Success
Branded consumer revenue increased 99% sequentially, and contract manufacturing revenue increased approximately 103% sequentially.
Positive Adjusted EBITDA Trend
Adjusted EBITDA loss narrowed from $788,000 in Q2 to $347,000 in Q3 2024.
Strategic Acquisition and Product Launch
Silly George brand acquisition has contributed to a $5 million revenue run rate, and new products have been introduced.
Successful Expansion and Partnerships
Texas facility expansion completed, and partnerships with STADA and Cintas announced.
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NXGL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NXGL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $3.29 | $3.18 | -3.34% |
| Aug 14, 2024 | $2.85 | $2.69 | -5.61% |
| May 13, 2024 | $2.24 | $2.20 | -1.79% |
| Apr 01, 2024 | $2.73 | $2.24 | -17.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NexGel Inc (NXGL) report earnings?
NexGel Inc (NXGL) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is NexGel Inc (NXGL) earnings time?
NexGel Inc (NXGL) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NXGL EPS forecast?
NXGL EPS forecast for the fiscal quarter 2024 (Q4) is -0.13.
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