BUZZ-Nexgel rises on better-than-expected Q3 revenue

Reuters07-09

** Shares of hydrogel developer Nexgel rise as much as 15% to $2.34 after the bell

** Company expects Q3 revenue of $2.2 mln, vs analysts est. of $2.09 mln, according to LSEG data

** Sees Q4 revenue of $2.6 mln, topping estimates of $2.47 mln

** NXGL posts preliminary Q2 revenue of $1.4 mln vs est. $1.41 mln

** The outlook does not include revenue from supply deal with AbbVie signed last year - Nexgel

** Up to last close, stock down 4.2% YTD

(Reporting by Mariam Sunny in Bengaluru)

((Mariam.ESunny@thomsonreuters.com;))

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