Shares of NexGel traded higher in the after-hours market after the hydrogel maker gave guidance of higher revenue for the next three quarters.
After the bell, the stock gained 15% to $2.35. Shares are down about 4.2% for the year as of Monday’s close.
NexGel expects second-quarter revenue of $1.4 million, up about 20% in the year-ago period.
For the third quarter, the company forecast revenue of about $2.2 million, an increase of 83% year-over-year. In the fourth quarter, NexGel expects revenue of about $2.6 million, more than double the year-ago period.
NexGel’s brands include Silverseal, Hexagels and Turfguard.