Welcome to our dedicated page for Aspen Aerogels news (Ticker: ASPN), a resource for investors and traders seeking the latest updates and insights on Aspen Aerogels stock.
Aspen Aerogels, Inc. develops and manufactures aerogel-based insulation and thermal-management products for energy industrial and electrification markets. Company news commonly covers financial results, segment trends in Energy Industrial and Thermal Barrier, customer demand for EV thermal barriers, and project activity tied to energy infrastructure and subsea pipeline applications.
Recurring updates also address Aspen's Aerogel Technology Platform, products such as PyroThin, Cryogel and Pyrogel, manufacturing operations, commercial settlements, credit-facility amendments and other capital-position disclosures. Operational news includes facility status updates when production, insurance claims or business-continuity matters affect the company's manufacturing footprint.
Aspen Aerogels, Inc. (NYSE: ASPN) will participate in the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 8, 2021, at 12:00 p.m. Eastern Time. The event will feature CEO Donald R. Young and CFO John F. Fairbanks. Interested parties can register for the live audio webcast here or on Aspen's website. The conference highlights Aspen's commitment to sustainability through its innovative aerogel technologies, which enhance efficiency in sectors like electric vehicles and construction.
Aspen Aerogels (NYSE: ASPN) will join the 41st Annual Canaccord Genuity Growth Conference virtually on August 11, 2021, at 8:30 a.m. ET. CEO Donald R. Young and CFO John F. Fairbanks will represent the company in a fireside chat. Following the presentation, a replay will be available on the Aspen Aerogels website. Aspen is recognized for its aerogel technology, which supports sustainability initiatives in the electric vehicle market and energy efficiency in buildings. For more details, visit www.aerogel.com.
Aspen Aerogels reported Q2 2021 revenue of $31.7 million, up 29% year-over-year from $24.6 million. Despite revenue growth, the net loss widened to $6.7 million compared to last year's $5.7 million. For H1 2021, total revenue reached $59.8 million, an increase from $53.1 million in H1 2020, while net loss increased to $12.9 million from $8.9 million. The company ended Q2 with cash of $102.3 million and is focused on expanding its PyroThin™ thermal barrier business, projecting cumulative revenue potential growth of 30% to $1.3 billion through 2030.
Aspen Aerogels, Inc. (ASPN) has scheduled its second-quarter 2021 earnings release for July 29, 2021, after market close. CEO Don Young and CFO John Fairbanks will discuss the results during a conference call at 5:00 p.m. ET. Interested parties can join the call by dialing the provided numbers or through a live webcast on the company's website. Aspen Aerogels focuses on sustainability and innovative aerogel technologies, catering to e-mobility, clean energy, and thermal runaway challenges in electric vehicles.
Aspen Aerogels (NYSE: ASPN) announced a definitive securities purchase agreement to sell $75 million in common stock to Koch Strategic Platforms (KSP). Aspen will issue 3,462,124 shares at $21.663 per share, with the transaction expected to close on June 30, 2021. This investment aims to support Aspen's growth in high-value applications like electric vehicle thermal barriers and energy infrastructure products. Aspen's CEO expressed optimism about doubling revenue every two years through the upcoming decade.
Aspen Aerogels, Inc. (NYSE: ASPN) announced that CEO Donald R. Young will participate in the Water Tower Research Fireside Chat on June 10, 2021, at 3:00 p.m. ET. The chat, moderated by Shawn Severson, will focus on Aspen's growth opportunities in the Energy Infrastructure market. Participants can register for the live audio webcast or access a replay on Aspen's website. Aspen is recognized for its sustainable aerogel technology, which supports energy efficiency and clean energy goals across various industries, including electric vehicles.
Aspen Aerogels (NYSE: ASPN) will participate in a fireside chat at the 49th Annual Cowen Technology, Media & Telecom Conference on June 3, 2021, at 9:10 a.m. Eastern Time. The chat will feature President and CEO Donald R. Young and VP, CFO, and Treasurer John F. Fairbanks. Live audio registration is available here and on the Investors section of Aspen’s website. A replay will be available post-event.
Aspen Aerogels (NYSE: ASPN) will present at the 16th Annual Needham Technology & Media Conference on May 20, 2021, at 2:15 p.m. Eastern Time. The presentation will be led by CEO Donald R. Young and CFO John F. Fairbanks. Interested parties can register for the live audio webcast here. A replay will be available on the company's Investors section of their website after the event.
Aspen Aerogels, Inc. (NYSE: ASPN) announced that President and CEO Donald R. Young will participate in the Water Tower Research Fireside Chat Series on May 18, 2021, at 2:00 p.m. Eastern Time. Young will discuss Aspen's PyroThinTM product growth opportunities in electric vehicles and will answer participant questions. Registration for the live webcast is available on Aspen's website, with a replay to be posted afterward. Aspen is recognized for its sustainability leadership and innovative aerogel technology aimed at enhancing efficiency in e-mobility and clean energy.
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.