ASPN - Earnings announcements

East Providence manufacturing facility expected to have a staged restart beginning in May$175.6 million quarter-end cash balance; up from $158.6 million at year-end 2025Secured an additional subsea pipeline award to be delivered in Q3 2026 NORTHBOROUGH, Mass., May 07, 2026 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2026, and discussed recent business developments. First Quarter 2026 Results Total revenue for the first quarter of 2026 was $37.9 million, compared to $78.7 million in the prior year period. During the first quar

NORTHBOROUGH, Mass., April 23, 2026 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Grant Thoele, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the first quarter ended March 31, 2026, during a conference call scheduled for Thursday, May 7, 2026, at 8:30 a.m. ET. The Company also expects to release its quarterly financial results before the market opens on Thursday, May 7, 2026. Shareholders and other interested parties may participate in the conference call by dialing +1 (833) 461-5787 (domestic) or +1 (585) 542-9983 (international) and ente

$158.6 million year-end cash balance; $37.6 million GM commercial settlement payment expected in Q1 2026North Sea subsea pipeline award and continued European OEM program progressInitiated a strategic review to strengthen long-term competitive positioning NORTHBOROUGH, Mass., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the fourth quarter and full year 2025 and discussed recent business developments. Fourth Quarter 2025 ResultsTotal revenue for the fourth quarter of 2025 was $41.3 million, compared to $123.1 million in the prior year

NORTHBOROUGH, Mass., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Grant Thoele, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the fourth quarter and year ended December 31, 2025, during a conference call scheduled for Wednesday, February 25, 2026, at 8:30 a.m. ET. The Company also expects to release its quarterly financial results before the market opens on Wednesday, February 25, 2026. Shareholders and other interested parties may participate in the conference call by dialing +1 (404) 975-4839 (domestic) or +1 (929) 526-159

Full-year 2025 outlook updated to reflect lower near-term EV production in North AmericaPyroThin® award from a major EU OEM demonstrates technology leadership & supports growth opportunitiesLNG and Subsea project opportunities expected to drive Energy Industrial growth in 2026 NORTHBOROUGH, Mass., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the third quarter of 2025, and discussed recent business developments. Total revenue for the third quarter of 2025 was $73.0 million, compared to $117.3 million in the third quarter of 2024. Net

NORTHBOROUGH, Mass., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Grant Thoele, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the third quarter ended September 30, 2025, during a conference call scheduled for Thursday, November 6, 2025, at 8:30 a.m. ET. The Company also expects to release its quarterly financial results before the market opens on Thursday, November 6, 2025. Shareholders and other interested parties may participate in the conference call by dialing +1 (404) 975-4839 (domestic) or +1 (929) 526-1599 (internatio

$78 million in quarterly revenue resulted in 32% gross margins and ~2X Adjusted EBITDA improvement QoQCFO transition to internal successor during Q3 ensures continuation of strategic direction and executionFixed cost structure reductions are expected to drive incremental profit in the second half of the year NORTHBOROUGH, Mass., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the second quarter of 2025, and discussed recent business developments. Total revenue for the second quarter of 2025 was $78.0 million, compar

NORTHBOROUGH, Mass., July 17, 2025 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the second quarter ended June 30, 2025, during a conference call scheduled for Thursday, August 7, 2025, at 8:30 a.m. ET. The Company also expects to release its quarterly financial results before the market opens on Thursday, August 7, 2025. Shareholders and other interested parties may participate in the conference call by dialing +1 (404) 975-4839 (domestic) or +1 (929) 526-1599 (internatio

Delivered revenues of $78.7 million and operating cash flow of $5.6 millionNew PyroThin award with leading American OEM for next-gen prismatic LFP vehicle platform NORTHBOROUGH, Mass., May 8, 2025 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2025, and discussed recent business developments. Total revenue for the first quarter of 2025 was $78.7 million, compared to $94.5 million in the first quarter of 2024. Net loss was $301.2 million, which included a $286.6 million impairment charge in connection with the demobilization of the Comp

NORTHBOROUGH, Mass., April 16, 2025 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the first quarter ended March 31, 2025, during a conference call scheduled for Thursday, May 8, 2025, at 8:30 a.m. ET. The Company also expects to release quarterly financial results prior to the market opening on the morning of Thursday, May 8, 2025. Shareholders and other interested parties may participate in the conference call by dialing +1 (404) 975-4839 (domestic) or +1 (929) 526-1599 (intern

$452.7 million in FY 2024 revenue, a 90% year-over-year increase FY 2024 gross margins grew to 40%, driving $13.4 million of net income and $89.9 million of Adjusted EBITDA Record Energy Industrial revenue in Q4 of $53.1 million Ended the year with $220.9 million of cash and generated $20.9 million of free cash flow in Q4 External manufacturing facility capable of increasing capacity; demobilizing Statesboro plant project Awarded PyroThin® Thermal Barrier contract for Volvo Truck commercial vehicle program NORTHBOROUGH, Mass., Feb. 12, 2025 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today

NORTHBOROUGH, Mass., Jan. 23, 2025 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the fourth quarter and year ended December 31, 2024, during a conference call scheduled for Thursday, February 13, 2025, at 8:30 a.m. ET. The Company also expects to release financial results for the fourth quarter and fiscal year 2024 on Wednesday, February 12, 2025, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (404) 975-4839

Proposed loan of up to $670.6 million would fund the remaining CAPEX needed to complete Company's second aerogel plantInterest rate at applicable U.S. Treasury Rate at the time of each cash drawPlant is expected to provide ~$1.2B - $1.6B of incremental PyroThin® thermal barrier revenue capacityProject financing structure, with Aspen Aerogels, Inc.'s subsidiary Aspen Georgia, LLC as the borrower Q3 2024 revenue of $117 million drove $25 million of Adjusted EBITDA NORTHBOROUGH, Mass., Oct. 16, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that it has received a conditional c

Actions aimed at reducing cost of capital and providing financing flexibilityCollateral structure excludes planned second aerogel manufacturing facility (Plant II) in Statesboro, GeorgiaProceeds used to cash redeem existing convertible note and support supplemental Plant II debt financing NORTHBOROUGH, Mass., Aug. 19, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that it has closed on a $125 million term loan facility and $100 million capacity asset-based revolving credit facility with MidCap Financial, a leading commercial finance company managed by Apollo Capital Managem

Record quarterly revenues of $117.8 million, up 25% QoQ and 145% YoYDelivered $16.8 million of quarterly net income and $28.9 million of quarterly Adjusted EBITDAIncreased 2024 revenue and profitability outlook for the second consecutive quarter NORTHBOROUGH, Mass., Aug. 7, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the second quarter of 2024, and discussed recent business developments. Total revenue for the second quarter of 2024 was $117.8 million, compared to $48.2 million in the second quarter of 2023. Net income was $16.8 million, compared to

NORTHBOROUGH, Mass., July 16, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the second quarter ended June 30, 2024, during a conference call scheduled for Thursday, August 8, 2024, at 8:30 a.m. ET. The Company also expects to release financial results for the second quarter on Wednesday, August 7, 2024, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (833) 470-1428 (domestic) or +1 (929) 526-1599 (intern

$94.5 million in company revenue drove 37% gross profit margins and $12.9 million of Adjusted EBITDARaising 2024 baseline Adjusted EBITDA outlook by 83%Expecting positive net income for 2024 NORTHBOROUGH, Mass., May 1, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2024, and discussed recent business developments. Total revenue for the first quarter of 2024 was $94.5 million, compared to $45.6 million in the first quarter of 2023. Net loss was $1.8 million, compared to a net loss of $16.8 million in the first quarter of 2023. Net

NORTHBOROUGH, Mass., April 11, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the first quarter ended March 31, 2024, during a conference call scheduled for Thursday, May 2, 2024, at 8:30 a.m. ET. The Company also expects to release financial results for the first quarter on Wednesday, May 1, 2024, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (833) 470-1428 (domestic) or +1 (929) 526-1599 (internationa

NORTHBOROUGH, Mass., Jan. 23, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) (the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the fourth quarter and year ended December 31, 2023, during a conference call scheduled for Tuesday, February 13, 2024, at 8:30 a.m. EST. The Company also expects to release financial results for the fourth quarter on Monday, February 12, 2024, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (833) 470-1428 (domestic) or +1 (929) 526-1599 (i

Delivered Q2 gross profit margins of 17%, a 20-percentage point improvement over the same period last yearPositioned to deliver strong results from expected demand growth in the second half of 2023Reducing projected 2023 Net Loss outlook by $17 million NORTHBOROUGH, Mass., Aug. 2, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the second quarter of 2023, and discussed recent business developments. Total revenue for the second quarter of 2023 was $48.2 million, compared to $45.6 million in the second quarter of last year. Net loss was $15.4 million, com

NORTHBOROUGH, Mass., July 20, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the second quarter ended June 30, 2023, during a conference call scheduled for Thursday, August 3, 2023, at 8:30 a.m. EDT. The Company also expects to release financial results for the second quarter on Wednesday, August 2, 2023, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (888) 660-6513 (domestic) or +1 (929) 203-0876 (international) an

Revenue growth of 19% year-over-year aligned with expectations, reiterating 2023 revenue and adjusted EBITDA outlook  Awarded PyroThin® contract for European EV commercial truck program with start of vehicle production in early 2024 Executing contract manufacturing strategy to increase capacity and supply Energy Industrial customers in 2024 NORTHBOROUGH, Mass., May 3, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2023, and discussed recent business developments.

NORTHBOROUGH, Mass., April 20, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the first quarter ended March 31, 2023, during a conference call scheduled for Thursday, May 4, 2023, at 8:30 a.m. EDT. The Company also expects to release financial results for the first quarter on Wednesday, May 3, 2023, after the market close. Shareholders and other interested parties may par

Quarterly revenue growth of 90% year-over-year drove 2022 annual revenues to $180 million, a 48% increase NORTHBOROUGH, Mass., Feb. 15, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the fourth quarter and full year 2022, which ended December 31, 2022, and discussed recent business developments. Total revenue for the fourth quarter of 2022 was $59.6 million, compared to $31.5 million in the fourth quarter last year. Fourth quarter net loss was $9.6 million, compared to a net loss of $16.4 million in the fourth quarter of 2021. Net loss per share for th

NORTHBOROUGH, Mass., Feb. 2, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the fourth quarter and year ended December 31, 2022, during a conference call scheduled for Thursday, February 16, 2023, at 8:30 a.m. ET. The Company expects to release financial results for the fourth quarter on Wednesday, February 15, 2023, after the market close. Shareholders and other interested

NORTHBOROUGH, Mass., Oct. 26, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the third quarter of 2022, which ended September 30, 2022, and discussed recent business developments. Total revenue for the third quarter of 2022 was $36.7 million, compared to $30.4 million in the third quarter last year. Third quarter net loss was $29.6 million, compared to a net loss of $7.8 million in the third quarter of 2021. Net loss per share for the third quarter was $0.75, compared to $0.24 in the third quarter last year. Adjusted EBITDA for the third quarter of 202

NORTHBOROUGH, Mass., Oct. 12, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the third quarter ended September 30, 2022, during a conference call scheduled for Thursday, October 27, 2022, at 8:30 a.m. ET. The Company expects to release financial results for the third quarter on Wednesday, October 26, 2022, after the market close. Shareholders and other interested parties may participate in the conference call by dialing 844 200 6205 (domestic) or +1 929-526-1599 (international) and referen

44% revenue growth driven by high demand across all markets NORTHBOROUGH, Mass., July 27, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the second quarter of 2022, which ended June 30, 2022, and discussed recent business developments. Total revenue for the second quarter of 2022 was $45.6 million, compared to $31.7 million in the second quarter last year. Second quarter net loss was $24.1 million, compared to a net loss of $6.7 million in the second quarter of 2021. Net loss per share for the second quarter was $0.68, compared to $0.23 in the second q

NORTHBOROUGH, Mass., July 11, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the second quarter ended June 30, 2022, during a conference call scheduled for Thursday, July 28, 2022, at 8:30 a.m. EDT. The Company expects to release financial results for the second quarter on Wednesday, July 27, 2022, after the market close. Shareholders and other interested parties may participate in the conference call by dialing 844-200-6205 (domestic) or +1 929-526-1599 (international) and referencing con

37% revenue growth signals strong start to the year; Aspen presented with Overdrive Award at GM's 30th Supplier of the Year ceremony;Closed $150.0 million financing from Koch Strategic Platforms NORTHBOROUGH, Mass., April 27, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" "the Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2022, which ended March 31, 2022, and discussed recent business developments. Total revenue for the first quarter 2022 was $38.4 million, compared to

NORTHBOROUGH, Mass., April 11, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, Chief Executive Officer, and Ricardo Rodriguez, Chief Financial Officer, expect to discuss the Company's results for the first quarter ended March 31, 2022, during a conference call scheduled for Thursday, April 28, 2022, at 8:30 a.m. EDT. The Company also expects to release financial results for the first quarter on Thursday, April 28, 2022, prior to the market open. Shareholders and other interested parties may participate in the conference call by dialing 844-200-6205 (domestic) or +1 929-526-1599 (international) and referencing conference ID "313156" a few

NORTHBOROUGH, Mass., Feb. 17, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" "the Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the fourth quarter and full year 2021, which ended December 31, 2021, and discussed recent business developments. Total revenue for the fourth quarter was $31.5 million compared to $23.0 million in the fourth quarter last year. Fourth quarter net loss was $16.4 million compared to a net loss of $6.2 million in the fourth quarter of 2020. Net loss per share for the

NORTHBOROUGH, Mass., Jan. 18, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, Chief Executive Officer, and John Fairbanks, Chief Financial Officer, expect to discuss the Company's results for the fourth quarter and year ended December 31, 2021, during a conference call scheduled for Thursday, February 17, 2022, at 5:00 p.m. EST. The Company also expects to release financial results for the fourth quarter and year-end on Thursday, February 17, 2022, following the market close. Shareholders and other interested parties may participate in the conference call by dialing 844-200-6205 (domestic) or +1 929-526-1599 (international) and referencin

NORTHBOROUGH, Mass., Oct. 28, 2021 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen") today announced financial results for the third quarter and first nine months of 2021, which ended September 30, 2021, and discussed recent business developments. Total revenue for the third quarter was $30.4 million compared to $24.2 million in the third quarter last year. Third quarter net loss was $7.8 million compared to a net loss of $6.8 million in the third quarter of 2020. Net loss per share for the third quarter was $0.24 compared to $0.25 in the third quarter last year. Total revenue for the first nine months of 2021 was $90.1 million compared to $77.3 million in the first nine months last

NORTHBOROUGH, Mass., Sept. 29, 2021 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, Chief Executive Officer, and John Fairbanks, Chief Financial Officer, expect to discuss the Company's results for the third quarter ended September 30, 2021, during a conference call scheduled for Thursday, October 28, 2021, at 5:00 p.m. ET. The Company also expects to release financial results for the third quarter on Thursday, October 28, 2021, following the market close. Shareholders and other interested parties may participate in the conference call by dialing 844-200-6205 (toll-free) or +1 646-904-5544 (international) and referencing participant passcode

NORTHBOROUGH, Mass., July 29, 2021 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen") today announced financial results for the second quarter and first half of 2021, which ended June 30, 2021, and discussed recent business developments. Total revenue for the second quarter was $31.7 million compared to $24.6 million in the second quarter last year. Second quarter net loss was $6.7 million compared to a net loss of $5.7 million in the second quarter of 2020. Net loss per share for the second quarter was $0.23 compared to $0.21 in the second quarter last year. Total revenue for the first half of 2021 was $59.8 million compared to $53.1 million in the first half last year. Net loss for