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Thursday, May 19, 2022

NEXGEL, Inc. (NXGL) Stock Soaring Premarket in Light of Q4 Financials Announcement.

NEXGEL, Inc. (NXGL) is a leader in providing ultra-gentle hydrogels for different applications. It has manufactured hydrogels which are having electron-beams and are cross-linked. The company’s formulations can be worn for a longer time with no irritation.


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NXGL stock price on the regular trading session of March 21, 2022, gained 20.4% to be $2.06. Its price climbed further as of the writing in the premarket session of March 22, 2022, by 8.87%.

NXGL: Key Financials

NXGL released its Q4 and full-year 2021 financials on March 21, 2022, for the quarter and year ended December 31, 2021. Some important aspects are discussed below.

Revenue

The company posted revenue of $0.53 million in Q4 2021 against $0.1 million in the same quarter of 2020. The company observed a gain of $0.43 million in its revenue over the year. Also, it recorded net revenue of $1.5 million for FY2021 against $0.67 million for the comparable year 2020.

EPS

Net loss per share (basic and diluted) for the full fiscal year 2021 was $4.3 million or $1.45 compared to $2.26 million or $1.05 in FY 2020. The company’s EPS declined over the year. No record was found for Q4 2021 EPS.

NXGL: Events and Happenings

On February 15, 2022, NXGL updated on launching a Bug Bite Relief Patch known as MEDAGEL. The cooling patches are made using the company’s hydrogel technology, and it gives immediate relief to irritated patches. The patches are skin-friendly and filled with skin-relieving and pain-reducing flowers.

On January 12, 2022, NXGL reported launching a ClearComfort Hydrogel Patch known as MEDAGEL. The patches are used in the prevention of foot blisters by insulating the patch from friction as a result of shoe rubbing and chafing. On January 4, 2022, NXGL updated on the participation of its Executive management at the Virtual H.C. Wainwright Bioconnect Conference held on January 10-13, 2022.

Conclusion

NXGL shares touched a new low of 40% in the last six months as a consequence of the pandemic. The current premarket stock gain by the company is the outcome of the financial statement as the company’s revenue inclined in the fourth quarter as well as full fiscal year.

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