Home / Going-concern warnings / NEXGEL, INC.
Filed 2025-05-13 路 Form 10-Q 路 Accession 0001641172-25-009988 nano
Price before filing: $54.4 (2025-05-12 close, split/dividend-adjusted)
Market cap at flag: $1.1M (2025-05-13) 路 Latest: $125,959 (2026-10-16)
| Window | NXGL | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -18.7% | +3.6% | -22.3% | 2025-06-12 |
| 90 days | -2.6% | +9.4% | -12.0% | 2025-08-11 |
| 180 days | -12.1% | +17.6% | -29.7% | 2025-11-10 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders sold $49K (5 sales)
30 days after: 1 insider sold $19K (6 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-03 | Levy Adam R. Chief Executive Officer, Director | Sale | 4,000 | $3.16 | $13K | yes | Form 4 |
| 2025-03-10 | Henry Scott Robert Director | Sale | 3,000 | $2.87 | $9K | yes | Form 4 |
| 2025-04-01 | Levy Adam R. Chief Executive Officer, Director | Sale | 4,000 | $3.01 | $12K | yes | Form 4 |
| 2025-04-10 | Henry Scott Robert Director | Sale | 3,000 | $2.61 | $8K | yes | Form 4 |
| 2025-05-12 | Henry Scott Robert Director | Sale | 3,000 | $2.69 | $8K | yes | Form 4 |
| 2025-05-13: red flag filed | |||||||
| 2025-05-16 | Levy Adam R. Chief Executive Officer, Director | Sale | 1,000 | $2.58 | $3K | no | Form 4 |
| 2025-05-30 | Levy Adam R. Chief Executive Officer, Director | Sale | 1,000 | $2.22 | $2K | no | Form 4 |
| 2025-06-04 | Levy Adam R. Chief Executive Officer, Director | Sale | 1,000 | $2.29 | $2K | no | Form 4 |
| 2025-06-05 | Levy Adam R. Chief Executive Officer, Director | Sale | 1,000 | $2.32 | $2K | no | Form 4 |
| 2025-06-09 | Levy Adam R. Chief Executive Officer, Director | Sale | 2,000 | $2.33 | $5K | no | Form 4 |
| 2025-06-11 | Levy Adam R. Chief Executive Officer, Director | Sale | 2,000 | $2.39 | $5K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-12 to 2025-06-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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