NXGL Earnings Prediction
The chart below shows how NXGL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NXGL sees a +9.28% change in stock price 10 days leading up to the earnings, and a -3.05% change 10 days following the report. On the earnings day itself, the stock moves by -4.42%. This data can give you a slight idea of what to expect for the next quarter's release.
NXGL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.94M
140.79%
104.17%
Gross Margin
43.61%
54.81%
53.18%
Operating Margin
-26.80%
-46.53%
-63.38%
Net Margin
-25.65%
-43.26%
-62.27%
EPS
-0.11
-10.00%
-21.43%
No Data Available
NXGL Earnings Analysis
NexGel, Inc Common Stock Corporation (NXGL.O) Earnings Conference Call
Positive
Quarterly Revenue Surge: Revenue for the third quarter totaled $2.94 million, an increase of approximately 141% year-over-year and an increase of approximately 104% sequentially.
Gross Profit Margin Increase: Gross profit margins for the quarter were 43.6%, compared to 28.2% for the same period last year, and 28.5% in the previous second quarter.
Revenue Surge and Margin Expansion: Branded consumer revenue increased 99% sequentially, while contract manufacturing revenue also increased approximately 103% sequentially, contributing to margin expansion year-over-year and sequentially.
Improved Operational Efficiency: Adjusted EBITDA narrowed from a loss of $788,000 last quarter in Q2'24 to $347,000 in Q3, indicating improved operational efficiency.
Q4 Revenue Expectations: The company expects revenue to exceed $3 million in Q4, with operating cash flow continuing to improve and approach positive in Q4.
Negative
Revenue and Gross Profit Decline: Revenue totaled $2.94 million, a decrease compared to a gross profit of $344,000 for the third quarter 2023, and gross profit of $410,000 for the second quarter 2024.
Quarterly Net Loss Comparison: Net loss for the third quarter 2024 was $754,000, compared to a net loss of $552,000 for the third quarter 2023, and a net loss of $979,000 for the second quarter 2024.
Cost of Revenues Surge: Cost of revenues increased by $781,000, or approximately 89%, to $1.66 million for the third quarter 2024, as compared to $877,000 for the third quarter 2023.
Administrative Expense Increase: General selling, general and administrative expenses increased by $1.2 million, or approximately 118%, to $2.07 million for the third quarter 2024, as compared to $950,000 for the third quarter 2023.
Adjusted EBITDA Improvement: Adjusted EBITDA narrowed from a loss of $788,000 last quarter in Q2 '24 to $347,000 in Q3, indicating ongoing financial challenges.
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NXGL Earning Call Sentiment
NEXGEL, Inc. (NXGL) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NXGL.O
0%Positive
The earnings call indicates strong revenue growth, improved gross margins, and positive guidance, particularly with the AbbVie partnership and expected revenue acceleration. Despite regulatory and competitive risks, the company is nearing cash flow positivity and has secured financing to support growth. The Q&A section reveals optimism about future growth and strategic expansions, though some market size details were vague. Overall, the positive financial performance and strategic initiatives suggest a likely stock price increase of 2% to 8% over the next two weeks.
