LANGHORNE, PA — NEXGEL, Inc. (NASDAQ: NXGL) posted second-quarter 2025 revenue of $2.88 million, up 100.3% from the same period last year, as demand for its branded products and contract manufacturing services continued to accelerate.
Gross profit surged to $1.26 million, representing a margin of 43.6%, compared to $0.29 million and a 20.3% margin in Q2 2024. The company attributed the improvement to higher sales volumes in both business segments and the contribution of its Silly George consumer brand, acquired midway through last year.
“For the second quarter of 2025 we reported strong revenue and gross margin with a steady decline of our Adjusted EBITDA loss as we head into seasonally a strong second half of the year,” said CEO Adam Levy. He noted that growth was fueled by rising consumer demand, new contract manufacturing agreements, and an expanding pipeline of customers.
NEXGEL reaffirmed its full-year 2025 guidance of $13 million in revenue and its expectation to achieve positive EBITDA.
Quarterly highlights included:
- Net revenue of $2.88 million, compared to $1.44 million in Q2 2024 and $2.81 million in Q1 2025.
- Net loss attributable to stockholders of $0.67 million, narrowing from $0.89 million a year earlier.
- Adjusted EBITDA loss of $0.42 million, an improvement from $0.79 million in Q2 2024.
Operating expenses rose to $1.89 million from $1.27 million in the prior-year quarter, reflecting higher compensation, advertising, and professional fees.
As of June 30, NEXGEL held $0.73 million in cash. After the quarter closed, the company expanded its partnership with STADA, securing a $1 million advance in non-dilutive funding for product launches and marketing. It also raised $1.05 million in additional financing to support growth initiatives.
With new product rollouts planned and fresh capital secured, NEXGEL says it is positioned to capitalize on a “robust pipeline” of contract manufacturing opportunities in the second half of the year.
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