NEXGEL, Inc. (NASDAQ:NXGL) Q3 2023 Earnings Call Transcript

Unidentified Analyst: Okay. And it seems that at least financially, it seems that you fit the profile of a company undergoing strong sequential growth. Your accounts receivable growing, you’re investing more money in inventory. So any comments for Q4? Or are we going to see sequential growth again?

Adam Levy: We really don’t give guidance as to the quarters. I will tell you that you’re going to continue to see very strong growth from us. But remember, we also had very large customers that tend to kick in periodically. So it doesn’t look like a straight line up, like a flat hill, it looks more like a staircase. So it is always possible that you have a flat quarter, we kind of had a flat quarter this quarter. But then as new things are announced and new customers come online, you’ll see large jumps. And that’s kind of the pattern I think you can kind of take as a general description going forward. Does that make sense?

Unidentified Analyst: Yes. Yes.

Operator: [Operator Instructions] We have reached the end of our question-and-answer session. This concludes today’s teleconference. Thank you for your participation. You may disconnect your lines now.