NexGel Q2 2024 GAAP EPS $(0.14), Inline, Sales $1.44M Beat $1.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexGel (NASDAQ:NXGL) reported Q2 2024 GAAP EPS of $(0.14), meeting analyst expectations. The company achieved sales of $1.44 million, surpassing the $1.41 million estimate and marking a 23.39% increase from the previous year's $1.17 million.
August 14, 2024 | 8:27 pm
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NexGel reported Q2 2024 GAAP EPS of $(0.14), in line with expectations, and sales of $1.44 million, beating estimates by 2.49% and showing a 23.39% YoY increase.
The inline EPS and better-than-expected sales, along with significant YoY growth, are likely to positively impact NXGL's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100