NEXGEL (NXGL) Planet MicroCap Showcase: VEGAS 2025 summary

Business overview and growth strategy

• Operates in three divisions: consumer products, contract manufacturing, and medical devices, with a focus on hydrogel technology for medical and cosmetic applications.

• Expanded customer base includes major healthcare and consumer companies, fueling over 100% year-over-year growth for the past three years.

• Facility in Pennsylvania features a rare electron beam accelerator for hydrogel production; packaging operations expanded in Texas with a new clean room.

• Strategic partnerships and acquisitions, such as Kenkoderm and Silly George, have driven product and revenue diversification.

• No company debt, with a focus on reducing cash burn and approaching EBITDA positive status.

Product innovation and pipeline

• Medical device pipeline includes time-release drug patches and a human trial for an Apremilast patch targeting stubborn psoriasis lesions.

• Consumer brands include MediGel, Kenkoderm (expanding to eczema products), and Silly George (eyelash and beauty products), with significant sales growth and new product launches planned.

• SilverSeal, an antimicrobial wound and burn product, is now distributed through Cintas, increasing brand recognition and recurring revenue.

• Partnership with STADA has exceeded projections, with new product launches and a growing U.S. platform.

• Supplying gel pads for AbbVie's RESONIC cellulite treatment, with future revenue potential as the product launches.

Market positioning and competitive advantages

• High water content, biocompatible hydrogels differentiate the company from competitors, making it the default choice for sensitive skin and medical applications.

• U.S. manufacturing and tariff changes have made products more competitive against foreign UV gel manufacturers.

• Custom and white label manufacturing offers expansion opportunities for partners in dermatology, beauty, and drug delivery markets.

• Ongoing studies and commercial orders for gels used in laser hair removal and carcinogenic plume reduction, with potential for broader applications.

• Marketing strategies are platform-specific, leveraging in-house analytics and external agencies to optimize direct-to-consumer sales.