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Aspen Aerogels Inc. - ASPN STOCK NEWS

Welcome to our dedicated news page for Aspen Aerogels (Ticker: ASPN), a resource for investors and traders seeking the latest updates and insights on Aspen Aerogels.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Aspen Aerogels's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Aspen Aerogels's position in the market.

Rhea-AI Summary
Aspen Aerogels, Inc. reports strong financial results for Q4 and full year 2023, with $84.2 million quarterly revenue, 35% gross margins, and $9.1 million adjusted EBITDA. The company saw significant improvements in revenue, gross margins, and net loss compared to the previous year. Aspen also announced key business developments, including partnerships and financial offerings. The CEO expressed confidence in the company's growth trajectory, targeting a $650 million revenue capacity business with 35% gross profit and 25% adjusted EBITDA margins. The 2024 outlook projects total revenue of at least $350 million, with a focus on Energy Industrial and Thermal Barrier revenues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.56%
Tags
earnings
-
Rhea-AI Summary
Aspen Aerogels, Inc. (ASPN) is set to present at Wolfe Research's Global Auto and Auto Tech Conference, with President & CEO Donald R. Young and CFO Ricardo C. Rodriguez hosting investor meetings. The conference will also feature an EV Adoption Panel with Mr. Rodriguez. The presentation materials will be available on Aspen's website, and a live webcast of the panel will be accessible for 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.4%
Tags
conferences
-
Rhea-AI Summary
Aspen Aerogels, Inc. (ASPN) is set to discuss its financial results for the fourth quarter and year ended December 31, 2023, during a conference call on February 13, 2024. Shareholders and interested parties can participate via phone or webcast, with the financial results being released on February 12, 2024, after the market close.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
earnings
Rhea-AI Summary
Aspen Aerogels, Inc. (NYSE: ASPN) pre-announces full year 2023 revenues of $238 million, with $84 million in Q4. The company also initiated supplemental supply for Energy Industrial products in Q4, with the potential to deliver over 47% YoY revenue growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.18%
Tags
none
-
Rhea-AI Summary
Aspen Aerogels, Inc. (NYSE: ASPN) announced a registered direct offering of 6,060,607 shares of common stock at an offering price of $12.375 per share, expected to close on December 22, 2023. The gross proceeds are expected to be approximately $75 million, to be used for funding capital expenditures, working capital, and other general purposes in preparation for additional growth in its energy industrial and EV thermal barrier business segments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
offering
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Rhea-AI Summary
Aspen Aerogels, Inc. (NYSE: ASPN) announced a commercial award for its PyroThin® EV Thermal Barrier segment and an update on its application for a loan through the U.S. Department of Energy Loan Programs Office. The company received an additional PyroThin vehicle platform award from The Automotive Cells Company for the Stellantis STLA Medium vehicle platform with expected start of production in 2025. Aspen also received a letter from the U.S. Department of Energy Loan Programs Office confirming that its pending application seeking a loan is substantially complete and inviting the company to formal due diligence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.39%
Tags
none
Rhea-AI Summary
Aspen Aerogels, Inc. (ASPN) to participate at Janney's Clean Energy Investment Symposium. CFO to host one-on-one meetings with investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.1%
Tags
conferences
-
Rhea-AI Summary
Aspen Aerogels, Inc. announces record revenue of $60.8 million in Q3 2023, a 66% increase YoY. The company achieved PyroThin thermal barrier revenues of $32.8 million, up 160% QoQ. Q3 gross profit margins improved to 23% compared to 17% in Q2 2023. Adjusted EBITDA for Q3 was $(7.3) million, a 68% improvement QoQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.28%
Tags
earnings
-
Rhea-AI Summary
Aspen Aerogels, Inc. announces participation in upcoming investor events in November.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
Tags
conferences
Rhea-AI Summary
Aspen Aerogels provides updates on recent commercial developments and raises its 2023 financial outlook. The company converted a letter of intent with Audi into a supply award for its PyroThin EV Thermal Barrier segment. Scania is also named as an award recipient. Aspen expects to reach its goal of six confirmed OEM awards by the end of 2023. The company's 2023 financial outlook remains strong, with expected total revenue greater than $225 million and a net loss ranging between $62.4 million and $52.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.39%
Tags
none
Aspen Aerogels Inc.

NYSE:ASPN

ASPN Rankings

ASPN Stock Data

1.30B
68.35M
3.04%
101.26%
5.95%
Roofing, Siding, and Insulation Material Merchant Wholesalers
Wholesale Trade
Link
United States
Northborough

About ASPN

aspen aerogels produces flexible aerogel insulation products that provide up to five times better thermal performance than competing materials while offering versatility, space savings, and easy handling. customers use our products to save money, conserve energy, reduce co2 emissions, and protect workers. we serve many industries including oil and gas production and processing, lng shipping and storage, building and construction, outdoor apparel, appliances, transportation, and military and aerospace. contact us! if you have technical/product questions or would like samples or purchasing info, please call 1-888-481-5058 or 1-508-691-1111, or visit http://info.aerogel.com/contact. follow us! https://www.facebook.com/aspenaerogels https://twitter.com/aspenaerogels https://www.google.com/+aerogelaspen http://blog.aerogel.com