NEXGEL Preliminary Revenue For Q3 2024 Of ~$2.85M, An Increase Of ~133% YoY, As Well As An Increase Of ~30% Over The Company's Previously Issued July Q3 Revenue Guidance Of $2.20M
Portfolio Pulse from Benzinga Newsdesk
NEXGEL, Inc. (NASDAQ: NXGL) announced preliminary Q3 2024 revenue of approximately $2.85 million, marking a 133% year-over-year increase and a 30% rise over its previous guidance.
October 10, 2024 | 1:01 pm
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NEXGEL's preliminary Q3 2024 revenue of $2.85M represents a significant 133% YoY growth and exceeds prior guidance by 30%, indicating strong business performance.
The significant year-over-year revenue growth of 133% and the 30% increase over prior guidance suggest strong business performance and potential positive investor sentiment. This could lead to a short-term increase in stock price.
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IMPORTANCE 90
RELEVANCE 100