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 (ASPN) reported Q2 2020 revenue of $24.6 million, a 17% decrease from $29.5 million year-over-year. The net loss was $5.7 million, compared to a loss of $5.3 million in Q2 2019. For the first half, revenue was $53.1 million, down from $57.4 million, with a net loss of $8.9 million. Adjusted EBITDA was $(2.1) million for Q2. The company anticipates full-year 2020 revenue between $104 million and $110 million, with a projected net loss between $17.7 million and $14.7 million, reflecting continued challenges due to COVID-19 and market conditions.
Aspen Aerogels (ASPN) will discuss its Q2 2020 results in a conference call on July 30, 2020, at 5:00 p.m. EDT. Financial results will be released that same day after market close. Shareholders can join the call by dialing 833-968-2230 domestically or +1 778-560-2694 internationally. The call will also be available live on the company’s website. Aspen Aerogels specializes in aerogel technology, with products like Cryogel® and Pyrogel® serving major energy infrastructure firms.