NexGel Q4 2023 GAAP EPS $(0.20) Misses $(0.11) Estimate, Sales $1.082M Miss $1.380M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexGel (NASDAQ:NXGL) reported Q4 2023 GAAP EPS of $(0.20), missing the $(0.11) estimate, and sales of $1.082M, below the $1.380M estimate. Despite the miss, sales increased 106.49% from the same period last year.

April 01, 2024 | 12:24 pm
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NEGATIVE IMPACT
NexGel reported a larger than expected quarterly loss and missed sales estimates for Q4 2023, but showed significant sales growth year-over-year.
NexGel's earnings miss and lower-than-expected sales could negatively impact investor sentiment in the short term, leading to a potential decrease in stock price. However, the significant year-over-year sales growth indicates underlying business strength, which might mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100