Aspen Aerogels Inc Stock Price, News & Analysis

Aspen Aerogels, Inc. (NYSE: ASPN) announced its participation in three investor conferences in May 2023. The events include the 8th Annual Oppenheimer Emerging Growth Conference on May 11, where CEO Donald R. Young and CFO Ricardo C. Rodriguez will host one-on-one meetings. The Seaport Growth Discovery Conference follows on May 12, featuring a Fireside Chat moderated by Tom Curran at 2:00 PM ET. Finally, Aspen will participate in the 23rd Annual B. Riley Institutional Investor Conference on May 24-25 in Beverly Hills, CA, including another Fireside Chat on May 24 at 10:30 AM PT. Presentation materials will be available on Aspen's Investor Relations website.

Aspen Aerogels has filed patent infringement and unfair trade practices actions against Beerenberg and its affiliates in Korea for allegedly infringing on Aspen's aerogel patents. The complaint, lodged in the Seoul Central District Court and the Korea Trade Commission, includes claims related to high-performance aerogel compositions. Aspen is seeking both injunctive relief and monetary damages. This legal action is part of Aspen's broader strategy to enforce its intellectual property rights globally, having successfully done so in the U.S. and Europe against Chinese manufacturers. The company aims to protect its proprietary Aerogel Technology Platform while expanding its market presence.

Aspen Aerogels, Inc. (NYSE: ASPN) has scheduled a conference call for May 4, 2023, at 8:30 a.m. EDT to discuss its first-quarter financial results for the period ending March 31, 2023. The financial results will be released after market close on May 3, 2023. Participants can join the call by dialing the provided numbers or accessing the live webcast on Aspen's website. Aspen's innovative aerogel technologies focus on sustainability and electrification, catering to industries like electric vehicles and energy infrastructure. Their PyroThin® products address thermal challenges in EVs, while Aspen Battery Materials enhances lithium-ion battery performance. The company aims to leverage its Aerogel Technology Platform™ across various high-value markets.

Aspen Aerogels reported a remarkable 90% year-over-year revenue growth for Q4 2022, totaling $59.6 million, up from $31.5 million in Q4 2021. Annual revenues reached $180 million, a 48% increase over 2021. However, the company also faced a net loss of $82.7 million for the year, with a loss per share of $2.10. Noteworthy achievements include record revenue from PyroThin thermal barriers at $55.6 million and a successful equity offering raising $265 million. For 2023, Aspen projects revenue between $200 million and $250 million, with anticipated net losses of $101.9 million to $91.9 million.

Aspen Aerogels, Inc. (NYSE: ASPN) announced a conference call for discussing its financial results for Q4 and the fiscal year ended December 31, 2022, scheduled for February 16, 2023, at 8:30 a.m. ET. Financial results will be released on February 15, 2023, post-market close. Shareholders can join the call by dialing (844) 200-6205 (domestic) or +1 (929) 526-1599 (international) with conference ID 484482. The live webcast will be available on Aspen's website, with a replay for one year. Aspen focuses on sustainability and electrification, offering innovative aerogel solutions for industries including EVs and energy infrastructure.

Aspen Aerogels, Inc. (ASPN) announced the pricing of a public offering of 25,263,158 shares at $9.50 each, aiming for gross proceeds of $240 million. The offering also includes a 30-day option for underwriters to buy an additional 3,789,473 shares. Proceeds will partially fund the construction of a new aerogel manufacturing facility in Statesboro, Georgia. The offering is set to close on December 2, 2022, subject to conditions.