Aspen Aerogels Inc Stock Price, News & Analysis

Aspen Aerogels (NYSE: ASPN) reported its Q1 2025 financial results, showing revenue of $78.7 million, a 17% decrease from Q1 2024's $94.5 million. The company recorded a significant net loss of $301.2 million, largely due to a $286.6 million impairment charge related to demobilizing their planned Georgia manufacturing plant and $9.8 million in restructuring costs. Adjusted for these charges, net loss would be $4.8 million. The quarter showed mixed segment performance with Thermal Barrier revenue at $48.9 million (down 25% YoY) and Energy Industrial revenue at $29.8 million (up 3% YoY). The company secured a new PyroThin contract from a leading American OEM for an LFP vehicle platform. For Q2 2025, Aspen projects revenue between $70-80 million and adjusted EBITDA between breakeven and $7 million.

Aspen Aerogels (NYSE: ASPN) has scheduled its first quarter 2025 earnings release and conference call for Thursday, May 8, 2025. The company will release its Q1 financial results before market opening, followed by a conference call at 8:30 a.m. ET.

President & CEO Don Young and CFO & Treasurer Ricardo C. Rodriguez will lead the discussion. Participants can join via phone at +1 (404) 975-4839 (domestic) or +1 (929) 526-1599 (international) using conference ID '302641'. A live webcast with accompanying slides will be available on the Investors section of Aspen's website.

Aspen Aerogels (NYSE: ASPN), a technology leader in sustainability and electrification solutions, has announced its participation in the 37th Annual ROTH Conference on March 17, 2025, at The Laguna Cliffs Marriott in Dana Point, CA.

The company's President & CEO, Donald R. Young, will engage in several key activities during the conference:

• Host one-on-one and small group meetings with investors
• Participate in a Fireside Chat with ROTH Capital's Managing Director Chip Moore from 10:30 AM to 10:55 AM PT

The presentation materials will be available on Aspen's website investor relations section, and the Fireside Chat will be accessible via live webcast, remaining available for one year. Investors interested in meetings can arrange them through their ROTH Capital representatives.

Aspen Aerogels (NYSE: ASPN) reported strong financial results for Q4 and FY 2024. The company achieved $452.7 million in FY 2024 revenue, a 90% year-over-year increase, with gross margins growing to 40%. Q4 revenue reached $123.1 million, up 46% YoY, including record Energy Industrial revenue of $53.1 million.

The company reported net income of $13.4 million for FY 2024 (including a $27.5 million one-time charge) and Adjusted EBITDA of $89.9 million. Q4 delivered net income of $11.4 million and generated $20.9 million in free cash flow. The company ended 2024 with $220.9 million in cash.

Aspen secured a new PyroThin® Thermal Barrier contract with Volvo Truck and announced plans to halt construction of its Statesboro plant, opting instead to maximize capacity at existing facilities. For Q1 2025, the company projects revenue between $75-95 million with Adjusted EBITDA ranging from breakeven to $15 million.

Aspen Aerogels (NYSE: ASPN) has announced a settlement agreement with AMA S.p.A. and AMA Composites S.r.l. to resolve their patent dispute in the Court of Genoa, Italy. The legal action concerned the unauthorized sale of infringing aerogel insulation materials in Europe.

The settlement acknowledges Aspen's innovations in developing high-performance insulation solutions. The company reaffirms its commitment to protecting intellectual property rights globally and promoting fair competition in the marketplace.

Aspen Aerogels (NYSE: ASPN) has announced its upcoming fourth quarter and fiscal year 2024 earnings release schedule. The company will release its financial results on Wednesday, February 12, 2025, after market close, followed by a conference call on Thursday, February 13, 2025, at 8:30 a.m. ET.

President & CEO Don Young and CFO & Treasurer Ricardo C. Rodriguez will lead the conference call. Participants can join by dialing +1 (404) 975-4839 (domestic) or +1 (929) 526-1599 (international) with conference ID '890624'. A live webcast with accompanying slides will be available on the Investors section of Aspen's website, with a replay accessible for approximately one year.

Aspen Aerogels (NYSE: ASPN), a technology leader in sustainability and electrification solutions, announces its participation in four major investor events during Q4 2024. The company will attend the Craig-Hallum Alpha Select Conference and Bernstein Industrials Forum on November 19, the Barclays Global Automotive and Mobility Tech Conference on November 20, and the Janney Clean Energy Investment Symposium on December 5. CFO Ricardo Rodriguez and IR Director Neal Baranosky will host one-on-one meetings with investors at all events. Additionally, Rodriguez will participate in a Fireside Chat at the Barclays conference on November 20 at 1:00 PM ET, which will be available via webcast.

Aspen Aerogels (NYSE: ASPN) reported strong Q3 2024 results with revenue of $117.3 million, up 93% year-over-year, led by $90.6 million in Thermal Barrier revenue. The company posted a net loss of $13.0 million, including a $27.5 million one-time charge from convertible note redemption. Gross margins improved to 42%, and Adjusted EBITDA reached $25.4 million.

The company secured significant financing, including a $125 million term loan facility and a conditional commitment from the U.S. Department of Energy for up to $670.6 million. Aspen raised its 2024 outlook to $450 million in revenue, $9 million in net income, and $90 million in Adjusted EBITDA.

Aspen Aerogels, Inc. (NYSE: ASPN) has announced the pricing of a public offering of 4,250,000 shares of its common stock at $20.00 per share. The company expects to raise approximately $85 million in gross proceeds, before deducting underwriting discounts and expenses. Aspen has also granted the underwriters a 30-day option to purchase up to an additional 637,500 shares at the same price.

The offering is set to close on October 23, 2024, subject to customary conditions. Aspen plans to use the net proceeds for working capital, capital expenditures, and general corporate purposes. Goldman Sachs & Co. and Morgan Stanley are acting as joint book-running managers for the offering, which is being made pursuant to a shelf registration statement on Form S-3 filed with the SEC.