Welcome to our dedicated page for Nexgel news (Ticker: NXGL), a resource for investors and traders seeking the latest updates and insights on Nexgel stock.
NEXGEL, Inc. (NASDAQ: NXGL) generates news across healthcare, consumer products, and capital markets through developments tied to its ultra-gentle, high-water-content hydrogel technology. The company regularly issues press releases on quarterly financial results, highlighting performance in its contract manufacturing segment and its portfolio of consumer-branded products in health, beauty, and OTC categories.
Investors following NXGL news will see updates on earnings announcements, including revenue trends, gross margin, operating expenses, and non-GAAP metrics such as EBITDA and Adjusted EBITDA. Management commentary often discusses demand for branded products, new contract manufacturing agreements, and the impact of partnerships with consumer healthcare companies.
NEXGEL’s news flow also covers strategic and corporate actions. Recent items include the spin-off of select drug delivery application assets into NexGelRx, with NEXGEL retaining a royalty interest, an equity stake, and exclusive hydrogel manufacturing rights. Additional releases have described expanded partnerships, such as the agreement with STADA Arzneimittel AG involving non-dilutive capital to support product launches and marketing efforts, as well as financing transactions like registered direct offerings and concurrent private placements.
Governance and leadership developments are another recurring news theme. NEXGEL has announced board appointments, conference presentations at investor events, and changes in senior finance roles through its press releases and associated SEC filings. Readers of this NXGL news page can review these updates in one place, including information on special meetings of stockholders, strategic advisors to NexGelRx, and other events that shape the company’s direction.
By monitoring the NXGL news feed, market participants can track how NEXGEL’s hydrogel-focused business, partnerships, financings, and governance decisions evolve over time, using official company communications as a primary source.
NEXGEL (NASDAQ: NXGL) has appointed Joseph F. McGuire as Chief Financial Officer, effective January 1, 2025. McGuire, who brings over 30 years of financial and public company experience, has been consulting with NEXGEL since September 2, 2024. He previously served as CFO for several private and public companies in healthcare, financial services, and manufacturing sectors, and was instrumental in guiding a biotech company to NYSE listing in July 2022.
The current CFO, Adam E. Drapczuk III, will transition to a consulting role with the company through his firm, Achieving Consulting Excellence, McGuire, a former Price Waterhouse CPA and Notre Dame graduate, will lead NEXGEL's finance functions as part of the executive management team. The appointment comes as NEXGEL, a provider of medical and OTC hydrogel products, continues to experience high growth.
NEXGEL (NASDAQ: NXGL), a provider of medical and OTC products specializing in ultra-gentle, high-water-content hydrogels, has announced its participation in the upcoming iAccess Alpha Virtual Best Ideas Winter Conference 2024.
Chief Executive Officer Adam Levy will deliver a presentation on Tuesday, December 10th at 10:30 a.m. ET. The two-day conference will take place on December 10-11, 2024. Interested parties can access the webcast presentation through the provided link, and one-on-one investor meetings can be arranged through iAccess representatives or KCSA Strategic Communications.
NEXGEL reported record Q3 2024 revenue of $2.94 million, marking a 141% year-over-year and 104% sequential increase. The growth was driven by approximately 100% sequential increases in both branded consumer products and contract manufacturing. Gross profit margin improved to 43.6% from 28.2% in Q3 2023. The company reported a net loss of $754,000 and an Adjusted EBITDA loss of $347,000. Cash balance stood at $1.10 million, with an additional $2 million raised through a registered direct offering post-quarter.
NEXGEL (NASDAQ: NXGL) announced a $2 million registered direct offering, issuing 727,272 common stock shares at $2.75 per share, along with warrants to purchase 363,636 additional shares at $4.25 per share. The warrants are immediately exercisable with a five-year term. Company insiders, including management and Board members, participated in the offering with a six-month lock-up period. The funds will be used to increase inventory and marketing for Silly George, support receivables from new large customer orders, and pursue acquisition opportunities.
NEXGEL (NASDAQ: NXGL), a provider of ultra-gentle, high-water-content hydrogel products, announced it will report its third quarter 2024 financial results on November 13, 2024, after market close. The company will host a conference call at 4:30 P.M. ET on the same day. A replay will be available through August 28, 2024, and the webcast will be accessible for 90 days.
NEXGEL (NASDAQ: NXGL), a provider of medical and OTC products including ultra-gentle, high-water-content hydrogels, has announced its participation in two upcoming investor conferences in October 2024:
1. Maxim's Healthcare Virtual Summit (October 15-17, 2024):
- CEO Adam Levy will participate in a fireside chat on Tuesday, October 15th at 9:30 a.m. ET
- The chat will be with Naz Rahman, Vice President, Biotechnology Analyst
2. LD Micro Main Event XVII Conference (October 28-30, 2024):
- Location: Luxe Sunset Boulevard Hotel, Los Angeles, CA
- Presentation by Adam Levy on Wednesday, October 30th at 11:30 a.m. PT in Track 4
Webcasts for both events will be available on NEXGEL's investor relations website. Investors can schedule one-on-one meetings with Mr. Levy through Maxim and LD Micro representatives or by contacting KCSA Strategic Communications.
NEXGEL (NASDAQ: NXGL) has preannounced expected record third quarter 2024 revenue of $2.85 million, representing a 133% year-over-year increase and a 98% sequential increase. This figure surpasses the company's previous guidance of $2.20 million by approximately 30%. The growth is attributed to significant increases in both branded consumer products and contract manufacturing segments.
CEO Adam Levy highlighted strong performance across all three brands, particularly the beauty brand Silly George. The contract manufacturing segment has also rebounded following recent expansion initiatives, including doubling square footage and installing new automated machinery. NEXGEL anticipates continued positive momentum in Q4, with the first order of SilverSeal to be delivered to Cintas. The company will report full Q3 2024 financial results on or before November 14, 2024.
NEXGEL (NASDAQ: NXGL), a provider of medical and OTC products using ultra-gentle, high-water-content hydrogels, has appointed Kip Crecca to its Scientific Advisory Board. Crecca brings over 20 years of medical device sales and management experience to the role. He currently serves as VP of North America Sales at MicroSurgical Technology and is on the Board of Directors at Ocular Science.
NEXGEL's CEO, Adam Levy, expressed enthusiasm about Crecca's appointment, highlighting his extensive knowledge and experience as a top medical device sales professional. Levy believes Crecca will be invaluable to the company's advancement of medical device and healthcare programs, contributing to growth initiatives and improving patient care globally with NEXGEL's hydrogels.
Crecca stated his excitement to join the Scientific Advisory Board and collaborate with the team to support the development of new therapies using NEXGEL's hydrogel technology.
NEXGEL (NASDAQ: NXGL) has announced a strategic partnership with James Maslow to promote Silly George's innovative eyelash collection. Maslow, known for his role in Big Time Rush and various entertainment projects, will support the brand's new lash collaboration through social media and exclusive content.
Silly George, NEXGEL's beauty brand, offers a full product line of eye and eyelash products, including hassle-free alternatives to glue-on eyelashes. The company recently launched a new line of Pop-On Lashes using new lash technology for non-toxic, long-wear eyelash extensions that can last 5-10 days.
Adam Levy, CEO of NEXGEL, expressed excitement about the partnership, highlighting Maslow's charisma and influential presence as well as the family connection, as Maslow is Levy's nephew.
NEXGEL (NASDAQ: NXGL) reported record Q2 2024 revenue of $1.44 million, up 23.4% year-over-year and 13.7% sequentially. The company reiterated Q3 and Q4 2024 revenue guidance of $2.2 million and $2.6 million, respectively. Key highlights include:
1. Acquisition of Silly George, contributing significantly to revenue growth
2. Partnership with STADA for Histasolv® distribution in North America
3. Agreement with Cintas for SilverSeal distribution
4. Gross profit increased to $410,000, with margin improving to 28.5%
5. Net loss widened to $979,000 due to increased marketing expenses
6. Closed $1.11 million registered direct offering post-quarter
NEXGEL expects continued growth in branded consumer products and normalization of contract manufacturing revenue in H2 2024.