Aspen Aerogels Inc Stock News

Aspen Aerogels is emerging as a key player in aerogel insulation, with major clients like ExxonMobil and a focus on electric vehicles and energy storage. The company reported impressive numbers: 93% YoY revenue growth, $25.4 million in adjusted EBITDA, and a $1.7 billion revenue pipeline by 2026. Aspen's PyroThin product, crucial for electric vehicles, contributes 77% of their revenue, highligh...

The company has recently taken on significant debt to finance its Statesboro plant. Stock were issued to improve the balance. The market didn't like but could make sense if it's compensated with growth thanks to the new Statesboro Plant. Q3 2024 earnings showed 92.93% YoY revenue growth and improved margins, but flat quarter-over-quarter sales led to a 28% stock decline.

I find Aspen's 93% YoY revenue growth in Q3 2024 quite impressive, driven entirely by organic demand for PyroThin thermal barriers, with revenue guidance raised significantly this year. Gross margins climbed to 42% in the past quarter, while adj. EBITDA is projected to reach $90M in FY2024. Management's debt refinancing decision reduces dilution risks in the long term, a move I highly favor, de...

Aspen Aerogels has transformed from an industrial insulation supplier to a key EV sector player, showing significant revenue growth and operating leverage. Despite impressive results and DOE funding news, shares fell due to a low-priced equity issue, concerns over EV demand, and uncertainty about a new factory. Shares dropped nearly 50% in a month, with third quarter sales up 93% YoY, driven by...

Aspen will also participate in upcoming conferences hosted by Craig-Hallum, Bernstein, and Janney NORTHBOROUGH, Mass. , Nov. 12, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to participate in the following investor events in the fourth quarter ...

Aspen Aerogels, Inc. (NYSE:ASPN ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Neal Baranosky – Senior Director of Corporate of Strategy & Finance Donald R. Young – President and CEO Ricardo C.

$117.3 million in quarterly revenue, led by $90.6 million of Thermal Barrier revenue Continued cost discipline delivered 42% company gross margins and 22% Adjusted EBITDA margins Increased 2024 Financial Outlook to $450 million of revenue, $9 million of net income, and $90 million of Adjusted EBITDA Various financing activities completed to fully-fund growth strategy NORTHBOROUGH, Mass. , Nov. ...

Aspen Aerogels has transformed from an insulation supplier to a key player in the EV sector, showing strong revenue growth and operating leverage. Despite impressive quarterly results and preliminary DOE funding for a new plant, concerns about EV demand remain. The company raised $85 million through a share issuance, despite holding over $100 million in cash, raising questions about future fund...