12:36 PM EDT, 10/10/2024 (MT Newswires) -- NexGel ( NXGL ) shares were up almost 18% in recent Thursday trading after the company reported preliminary Q3 revenue that more than doubled year-over-year.

Based on preliminary results, NexGel ( NXGL ) expects Q3 revenue of $2.9 million, up 133% year-over-year and above the Q3 guidance of $2.2 million provided in July, the company said.

One analyst polled by S&P Capital IQ expects Q3 revenue of $2.9 million.

NexGel ( NXGL ) said it is due to report Q3 results on or before Nov. 14.

Price: 2.82, Change: +0.42, Percent Change: +17.67