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Side-by-side financial comparison of EMERSON RADIO CORP (MSN) and NEXGEL, INC. (NXGL). Click either name above to swap in a different company.
NEXGEL, INC. is the larger business by last-quarter revenue ($2.8M vs $1.9M, roughly 1.5× EMERSON RADIO CORP). NEXGEL, INC. runs the higher net margin — -34.7% vs -36.7%, a 2.0% gap on every dollar of revenue. On growth, NEXGEL, INC. posted the faster year-over-year revenue change (-8.1% vs -52.8%). Over the past eight quarters, NEXGEL, INC.'s revenue compounded faster (48.6% CAGR vs -7.3%).
Emerson Radio Corporation is one of the United States' largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912. The company designs, markets, and licenses many product lines worldwide, including products sold, and sometimes licensed, under the brand name G Clef, an homage to Emerson's logo.
NEXGEL, INC. is a specialty consumer healthcare and medical technology firm that develops, manufactures and distributes ultra-gentle, irritation-free hydrogel products. Its offerings span over-the-counter skincare remedies, wound care solutions, and topical drug delivery platforms, serving consumer, clinical and pharmaceutical partner segments primarily across North America, with growing global distribution channels.
MSN vs NXGL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $2.8M |
| Net Profit | $-694.0K | $-970.0K |
| Gross Margin | 10.9% | 29.3% |
| Operating Margin | -43.7% | -43.4% |
| Net Margin | -36.7% | -34.7% |
| Revenue YoY | -52.8% | -8.1% |
| Net Profit YoY | -31.7% | -14.1% |
| EPS (diluted) | $-0.03 | $-0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.9M | $2.8M | ||
| Q3 25 | $1.2M | $2.9M | ||
| Q2 25 | $1.7M | $2.9M | ||
| Q1 25 | $1.8M | $2.8M | ||
| Q4 24 | $4.0M | $3.0M | ||
| Q3 24 | $2.7M | $2.9M | ||
| Q2 24 | $2.2M | $1.4M | ||
| Q1 24 | $2.2M | $1.3M |
| Q4 25 | $-694.0K | $-970.0K | ||
| Q3 25 | $-1.0M | $-653.0K | ||
| Q2 25 | $-1.1M | $-665.0K | ||
| Q1 25 | $-2.4M | $-712.0K | ||
| Q4 24 | $-527.0K | $-850.0K | ||
| Q3 24 | $-881.0K | $-693.0K | ||
| Q2 24 | $-962.0K | $-885.0K | ||
| Q1 24 | $-883.0K | $-853.0K |
| Q4 25 | 10.9% | 29.3% | ||
| Q3 25 | -0.1% | 42.4% | ||
| Q2 25 | 0.7% | 43.6% | ||
| Q1 25 | -3.0% | 42.3% | ||
| Q4 24 | 12.3% | 37.5% | ||
| Q3 24 | 9.9% | 39.3% | ||
| Q2 24 | 8.8% | 20.3% | ||
| Q1 24 | 15.9% | 12.6% |
| Q4 25 | -43.7% | -43.4% | ||
| Q3 25 | -98.4% | -24.7% | ||
| Q2 25 | -78.1% | -22.1% | ||
| Q1 25 | -137.8% | -27.7% | ||
| Q4 24 | -18.3% | -27.6% | ||
| Q3 24 | -40.8% | -26.8% | ||
| Q2 24 | -55.6% | -73.2% | ||
| Q1 24 | -52.2% | -68.8% |
| Q4 25 | -36.7% | -34.7% | ||
| Q3 25 | -85.8% | -22.3% | ||
| Q2 25 | -68.1% | -23.1% | ||
| Q1 25 | -127.9% | -25.4% | ||
| Q4 24 | -13.2% | -27.9% | ||
| Q3 24 | -32.2% | -23.6% | ||
| Q2 24 | -43.8% | -61.5% | ||
| Q1 24 | -40.1% | -67.4% |
| Q4 25 | $-0.03 | $-0.12 | ||
| Q3 25 | $-0.05 | $-0.08 | ||
| Q2 25 | $-0.05 | $-0.09 | ||
| Q1 25 | $-0.10 | $-0.09 | ||
| Q4 24 | $-0.03 | $-0.11 | ||
| Q3 24 | $-0.04 | $-0.11 | ||
| Q2 24 | $-0.05 | $-0.14 | ||
| Q1 24 | $-0.04 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.3M | — |
| Total DebtLower is stronger | — | $588.0K |
| Stockholders' EquityBook value | $18.6M | $4.5M |
| Total Assets | $20.1M | $10.5M |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.3M | — | ||
| Q3 25 | $13.5M | $938.0K | ||
| Q2 25 | $15.5M | — | ||
| Q1 25 | $16.1M | — | ||
| Q4 24 | $16.4M | $1.8M | ||
| Q3 24 | $16.7M | $1.1M | ||
| Q2 24 | $18.9M | — | ||
| Q1 24 | $19.9M | — |
| Q4 25 | — | $588.0K | ||
| Q3 25 | — | $614.0K | ||
| Q2 25 | — | $638.0K | ||
| Q1 25 | — | $662.0K | ||
| Q4 24 | — | $685.0K | ||
| Q3 24 | — | $709.0K | ||
| Q2 24 | — | $732.0K | ||
| Q1 24 | — | $750.0K |
| Q4 25 | $18.6M | $4.5M | ||
| Q3 25 | $19.3M | $5.2M | ||
| Q2 25 | $20.4M | $4.7M | ||
| Q1 25 | $21.5M | $5.2M | ||
| Q4 24 | $23.9M | $5.8M | ||
| Q3 24 | $24.4M | $4.7M | ||
| Q2 24 | $25.3M | $4.2M | ||
| Q1 24 | $26.2M | $4.8M |
| Q4 25 | $20.1M | $10.5M | ||
| Q3 25 | $20.7M | $11.6M | ||
| Q2 25 | $23.3M | $9.7M | ||
| Q1 25 | $23.5M | $10.4M | ||
| Q4 24 | $26.4M | $11.0M | ||
| Q3 24 | $26.6M | $10.6M | ||
| Q2 24 | $28.5M | $9.8M | ||
| Q1 24 | $29.1M | $10.4M |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.16× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-228.0K | $281.0K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-228.0K | $281.0K | ||
| Q3 25 | $-2.0M | $-785.0K | ||
| Q2 25 | $-514.0K | $-407.0K | ||
| Q1 25 | $-391.0K | $-400.0K | ||
| Q4 24 | $-293.0K | $-859.0K | ||
| Q3 24 | $-2.1M | $-1.2M | ||
| Q2 24 | $-840.0K | $-700.0K | ||
| Q1 24 | $-2.2M | $-1.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-793.0K | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-301.0K | — | ||
| Q3 24 | $-2.1M | $-1.2M | ||
| Q2 24 | $-1.0M | $-909.0K | ||
| Q1 24 | $-2.3M | $-1.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -7.5% | — | ||
| Q3 24 | -77.8% | -41.8% | ||
| Q2 24 | -46.4% | -63.1% | ||
| Q1 24 | -102.3% | -98.3% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.3% | 0.4% | ||
| Q2 24 | 8.2% | 14.5% | ||
| Q1 24 | 0.5% | 12.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSN
| Products | $1.8M | 95% |
| Other | $87.0K | 5% |
NXGL
Segment breakdown not available.
