LANGHORNE, Pa., July 22, 2021 /PRNewswire/ -- NEXGEL, Inc. ("NEXGEL" or the "company"), a leading issuer of extremely-gentle, high-water-content material hydrogels for healthcare and consumer applications, today introduced its preliminary financial results for the three-month period ended June 30, 2021 and offers a company replace.
"Our revenue extended from $267,000 in first quarter of 2021 to $417,000 within the second quarter of 2021 primarily pushed by using a rise in customized label items with new clients, regardless of a element of our legacy shoppers being littered with supply chain delays. it's remarkable to look that our new product choices are being met with excitement from the market. we have partnered with some of the industry's main splendor and consumer health businesses to boost fully customizable items that leverage our extremely-gentle, high-water-content hydrogels. Our custom label company represents a significant commercialization probability going forward, whereas we proceed to profit traction from our e-commerce proprietary consumer health manufacturer, Medagel, with plans to launch our beauty & cosmetics company, Lumagel, within the Fall of 2021," said Adam Levy, NEXGEL CEO.
monetary & company Highlights
About NEXGEL, INC.NEXGEL is a leading issuer of extremely-mild, high-water-content material hydrogels for healthcare and client applications. primarily based in Langhorne, Pa., the enterprise has developed and manufactured electron-beam, move-linked hydrogels for over two many years. NEXGEL has formulated greater than 200 diverse combinations to carry natural parts to mild skin patches that can also be worn for long intervals of time with little to no inflammation.
forward-looking StatementsThis press release includes "ahead-searching statements" inside the meaning of section 27A of the Securities Act of 1933, as amended, and part 21E of the Securities exchange Act of 1934, as amended (the "exchange Act") (which Sections have been adopted as a part of the inner most Securities Litigation Reform Act of 1995). Statements preceded by, followed through or that in any other case encompass the words "trust," "count on," "estimate," "predict," "intend," "plan," "assignment," "potentialities," "outlook," and an identical phrases or expressions, or future or conditional verbs, comparable to "will," "should," "would," "can also," and "could," are frequently forward-looking in nature and not old facts. These forward-looking statements involve normal and unknown risks, uncertainties and other factors which can cause the business's exact consequences, performance, or achievements to be materially diverse from any predicted consequences, performance, or a chievements for a lot of factors including the affect of the COVID-19 pandemic. The enterprise disclaims any intention to, and undertakes no obligation to, revise any forward-searching statements, whether because of new tips, a future event, or otherwise. For additional hazards and uncertainties that may have an effect on the enterprise's ahead-searching statements, please see the company's Annual document on form 10-k for the 12 months ended December 31, 2020, including but not confined to the dialogue below "possibility components" therein, which the company filed with the Securities and alternate commission and which may be viewed at http://www.sec.gov/.
Investor Contacts:Valter Pinto / Nick StaabKCSA Strategic Communications212.896.1254 / 212.896.1254valter@kcsa.com / nstaab@kcsa.com
Media Contacts:Caitlin Kasunich / Raquel ConaKCSA Strategic Communications212.896.1241 / 516.779.2630ckasunich@kcsa.com / rcona@kcsa.com
supply NEXGEL
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