NEXGEL Reports Record Second Quarter 2024 Revenue of $1.44 Million
NexGel, Inc (NXGL)
Company Research
Source: GlobeNewswire
LANGHORNE, Pa., Aug. 14, 2024 (GLOBE NEWSWIRE) -- NEXGEL, Inc. (“NEXGEL” or the “Company”) (NASDAQ: “NXGL”), a leading provider of ultra-gentle, high-water-content hydrogel products for healthcare and consumer applications, today announced record second quarter 2024 revenue of $1.44 million and is reiterating revenue guidance for the 2024 third and fourth quarter of $2.2 million and $2.6 million, respectively. Adam Levy, NEXGEL’s Chief Executive Officer, commented, “The second quarter of 2024 was a record revenue quarter for the Company, totaling $1.44 million, an increase of 23.4% year-over-year and 13.7% sequentially. Branded consumer product revenue was a key growth driver during the quarter led by our Silly George brand, which contributed revenue for approximately half the quarter. At the time of closing on the acquisition, Silly George was on a revenue run rate of $2 million. In July alone Silly George sales were over $380,000 on Shopify only. We continue to be excited with th
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NXGL
News
- NEXGEL's Beauty Brand, Silly George, Partners with Multi-Talented Artist and Entrepreneur, James Maslow, to Promote Innovative Eyelash CollectionGlobeNewswire
- Wells Fargo: With Fed expected to cut 175 bps through 2025, buy the dip in stocks [Yahoo! Finance]Yahoo! Finance
- NEXGEL, Inc. (NXGL) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- NEXGEL Reports Record Second Quarter 2024 Revenue of $1.44 Million [Yahoo! Finance]Yahoo! Finance
- NEXGEL announces $1.1M registered direct offering led by insiders [Seeking Alpha]Seeking Alpha
NXGL
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- NXGL's page on the SEC website