Aspen Aerogels Inc Stock Price, News & Analysis

Aspen Aerogels, Inc. (NYSE: ASPN) has initiated a patent infringement lawsuit against AMA S.p.A. and AMA Composites S.r.l. in Genoa, Italy, concerning the import and sale of aerogel products from China. The company claims that AMA violates several of its patents, previously upheld in Germany. Aspen seeks monetary damages and an injunction against AMA's operations. President and CEO Donald R. Young emphasized the company's commitment to enforcing its intellectual property rights globally, citing consistent validation of its patents in various jurisdictions.

Aspen Aerogels reported Q1 2021 revenue of $28.1 million, slightly down from $28.4 million year-over-year. The company experienced a net loss of $6.3 million, increasing from $3.2 million in Q1 2020, with a net loss per share of $0.22 compared to $0.13. Adjusted EBITDA was ($2.6) million, a decline from $0.5 million in the prior year. The company plans to invest an additional $10 million in e-mobility and $18 million for facility expansion, expecting total revenue for 2021 to be between $103 million and $111 million.

Aspen Aerogels announced a conference call on April 29, 2021, at 5:00 p.m. EDT, to discuss its financial results for the first quarter ended March 31, 2021. The financial results will be released on the same day following market close. Interested parties can join the call via phone or listen through a live webcast on the company's website. Aspen is known for its innovative aerogel technology, contributing to sustainability in electric vehicles and energy efficiency.

Aspen Aerogels (NYSE: ASPN) will participate in the Water Tower Research Fireside Chat Series on March 25, 2021, at 2:00 p.m. ET, featuring CEO Donald R. Young. The chat, moderated by Shawn Severson, will cover Aspen's strategic market opportunities, particularly in the electric vehicle sector. Participants can register for the live audio webcast here. A replay will also be available on Aspen's website.

Aspen Aerogels (ASPN) reported a Q4 2020 revenue of $23.0 million, down from $46.5 million YoY, with a net loss of $6.2 million. For the full year, revenues totaled $100.3 million, a decline from $139.4 million in 2019, with a net loss of $21.8 million. The company anticipates 2021 revenue between $100.0 million and $108.0 million, projecting a net loss between $21.0 million and $25.0 million. Aspen aims to increase investment in electric vehicle markets by $6.0 million in 2021, despite expecting continued impact from COVID-19 on demand for its products.

Aspen Aerogels, Inc. (ASPN) announced a conference call scheduled for February 18, 2021, at 5:00 p.m. EST to discuss its fourth-quarter results for the year ended December 31, 2020. The financial results will also be released on the same date after market close. Interested parties can join the call via phone or listen live on Aspen's website. The company, based in Northborough, Mass., is a leader in aerogel technology, providing products that enhance energy efficiency and address sustainability challenges.

Aspen Aerogels (ASPN) reported Q3 2020 revenue of $24.2 million, down 32% from $35.4 million in Q3 2019. The net loss increased to $6.8 million ($0.25 per share), compared to a loss of $2.3 million ($0.09 per share) last year. Adjusted EBITDA also declined to $(3.2) million from $1.4 million. A notable contract was awarded by a major U.S. automotive OEM for Aspen's PyroThin thermal barriers for EVs, signaling a potential multi-billion-dollar opportunity. Updated revenue guidance for 2020 is $102.0-$106.0 million, with a projected net loss of $20.6-$18.6 million.

Aspen Aerogels, Inc. (NYSE: ASPN) has scheduled a conference call for October 29, 2020, at 5:00 p.m. EDT to discuss its third-quarter financial results for the period ending September 30, 2020. The financial results will be released after the market close on the same day. Interested parties can join the conference call by calling designated numbers or via a live webcast on the company's website. Aspen is known for its leading aerogel technology, with products like Cryogel® and Pyrogel® serving major energy infrastructure companies.

Aspen Aerogels (ASPN) announced a significant legal victory in the Mannheim Regional Court, Germany, against Nano Tech Co., Ltd. The court ruled that Nano infringed two of Aspen's European patents, leading to injunctions against the sale and distribution of infringing aerogel products. Aspen was awarded damages and has previously secured similar rulings against Guangdong Alison Hi-Tech Co. This validates Aspen's robust patent portfolio and reinforces their commitment to protecting their technology in the global market.